A study in contrast: Apple and Nokia
The April – June 2009 quarter results for Apple and Nokia are the literal “study in contrasts”!
The numbers do justice to the sentiment towards both these companies at this time. Apple is clearly shinning bright and is the toast of the bourses.
Ref: http://online.wsj.com/article/SB124821056118269783.html; http://www.apple.com/pr/library/2009/07/21results.html; http://online.wsj.com/article/SB124820913514969595.html; http://industry.bnet.com/technology/10002677/can-anyone-out-app-apple/
Even the staunchest critic would not count out Nokia but it surely seems that Nokia has lost its way in the Smartphone race and needs to retrospect its strategies and approach to user experience. N 97, which was being touted as the most advanced multimedia computer has failed to impress and unless, one is die hard Symbian S60 fan, there is very little reason one would opt for the N 97. With no other significant touch screens from Nokia at the moment, there is nothing that customers and investors are looking forward to from Nokia. http://gizmodo.com/5308440/nokia-n97-review-nokia-is-doomed
The rumour mills are running abuzz with the theory that Nokia would do well to acquire Palm because palm offers Nokia all that it really needs desperately at this point of time. http://www.ubergizmo.com/15/archives/2007/03/nokia_possibly_interested_in_palm.html
Even LG, which doesnot feature as a serious contender in the smartphone business seems to be getting its acts right in that market. http://www.forbes.com/2009/07/22/lg-nokia-sony-markets-equity-technology.html?partner=msn
Nokia seems to be walking the path of Motorola 3 years back. http://www.forbes.com/2009/07/17/nokia-apple-iphone-markets-equity-mobile.html?feed=rss_technology
It’s been a heck of a ride for Apple investors. The stock, which has nearly doubled so far this year and over the past five years the stock has gained an average of 56% a year, an extraordinary achievement. It cannot keep its supply commitments for iPhone. It has already sold 7 times the number of iPhones this year as it did last year. In a extremely competitive smartphone market, Apple is using all its legs to score above the competition: Its Device, the software/UI/Browser and the Applications! Interesting to see how Apple would get the most of this now…