Nokia starts to sink, 10,000 Jobs Cut

not at all.

Nokia was my first phone and several others. One of the best things i ever owned.

The question is how much the mess in Europe will affect us here in the US.

goes back more or less to the late 2007 financial collapse as a result of the antics US financial institutions I don't think Europe will be too bothered about how things mirror back to the USA now. Having said that if the Euro does go pear shaped and the US$ strengthens as result then exports from Europe , other than maybe Germany , to the US would most likely increase. I excluded Germany because if they recreated the Mark it is thought that would become a reserve currency of current unknown strength.

On the subject of Nokia the job losses are as a result of reduced sales activity. Either their products are uncompetitive or not state of art like iPhones and Galaxys as some seem to want.

What recovery?

There is alot overseas, but you got to think we use Nokia over here. So it kinda trickles down.

"Ugh, We make phones. No phone sales. We fire." Obviously everyone's using Android and Apple now, so they should adjust their business model. There are lots of other technologies out there to pursue, but I guess that would be to haaard.

which may save them. I've always had Nokia phones, and just got the Lumia 900 model which has been a great device.

Apple and Samsung. Samsung makes like 4 or 5 chips for the Apple iphone.
So in the end they are all connected, they just decide who they want in the game.

ive always loved nokia and their products, but you could tell the last 5 years that they were clearly on the decline...
not as many products offered as other makers and it seemed to me a lack of love from the providers to push their products as well...

was really surprised when i saw the new nokia commercials this year..

In the Ruhr area of Germany, Nokia had an immense plant. It got too expensive for them, so they closed it up, fired the thousands of German workers, and rebuilt their plant in Romania. The Romanians did horrible work and produced such lousy phones that over a third of them were defective and unsaleable. But did they reopen in Germany? No. They closed Romania and rebuilt in China. If the cost factor was a genuine problem, the unions in Germany would have negotiated if they knew it would have meant saving their jobs. Nokia went for the big savings instead, and fell flat on their Finnish faces.

-Laelth

Or is the point that the market has peaked?

Either you have a Samsung or an Iphone. Thats what I pretty much think it comes down to.

The reason you must have 2 is so the little guy feels like he has choices.