Recession To Stall Nokia's U.S. Invasion

Medford, Cassimir
November 2008
Red Herring;11/19/2008, p5
Trade Publication
The article focuses on Nokia's U.S. market share. Although the company owns 40% of the global handset market, it only has an 8% share of the U.S. market. The recession, and the growing popularity of smartphones from Apple, Research In Motion, Samsung, LG, and the emerging dark horse HTC, are expected to hinder Nokia's aim to earn more market share in the U.S. According to Strategy Analytics, Nokia's U.S. market share has fallen from 16.4% in 2005 to a projected 8% in 2008.


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