@Frank Eory I agree with your observation that "low end market is declining faster than expected". One of the major reasons why low end market is collapsing is because cost of smartphone is almost comparable to the low-end phones.
@rick.merritt, I agree with you. Its pretty early to say that its end of Nokia. Nokia has pretty good chance of bouncing back if they provide good features with Window's OS. Let's not forget samsung is planning for its own OS which might give Nokia chance to grab the market.
The Symbian platform (Nokia Belle) is currently on par with Android in terms of features and performance, but Nokia does not support it with adequate marketing. See the example of the pluri-awarded 808 PureView: They have a winner and ignore it to keep marketing Lumia, the biggest failure in the history of mobile communications.
the implication of this is old folk in this bussiness is 'Junk'.
Nokia is made of group of folks who was once brilliant and trendy.
well, in a industry twists so fast they all seems like 100 years old and junk.
this was totally expected.
in a market where being late by a quarter is unfathomable, Nokia is a good 3 years late.
Now, the asians have a firm grip on the low and high end phone subsystem. Whether it is design, software or supply chain, they have established themselves as the leading powers.
the only western power to survive is apple (soley due to the Steve Jobs).
With Mot, Blackberry, Nokia, Sony, the Japanese all biting dust, a new world paradigm is beign established with Samsung as the leader.