Wednesday, June 16, 2010

For Nokia the smartphone market is getting ugly

Just because you design a product, just because you create a prototype, doesn't mean you have to actually release it.
Earlier today Nokia issued an earnings warning and said that the company was falling behind in the smartphone market -- no kidding.

WSJ: Nokia Chief Financial Officer Timo Ihamuotila Wednesday said "the third quarter is expected to remain challenging" as the company goes through a "painful transition" in the smartphone segment.

I don't think Nokia's new X5 model, pictured at right, is quite the answer to Nokia's problems. On the other hand, there has to be some value in producing the world's ugliest cellphone -- maybe it will become a collectors item and be worth a fortune one day.