Investors are worried - share price Nokia dropped to a critical low. Rating agency Standard & Poor even changed the company's credit rating from "stable" to "negative". The reason is the weak position in the smartphone market.
To date, the value of the shares has settled at around 6.8 euros per share. While in 2000 they cost 65 euros. The company revised its financial forecasts for the new quarter last week. The new forecasts turned out to be so negative that they once again lowered the share price. The company's earnings have fallen significantly since the start of the economic crisis.
At the same time, by the number of phones sold, Nokia still remains the leader. But the trouble is that these sales are based only on the “loudness” of the brand and on a significant reduction in prices. So far, the company has nothing to oppose to competitors who release one “advanced” model after another on the market. The future flagship of the company - the N8 model, from the moment of the presentation, caused, in general, only extremely negative reviews. competition to the newest iPhone 4 She obviously can't make it. Do not stand still and manufacturers whose devices are running Google Android.
There was talk among analysts that no miracles should be expected and the company's position will continue to deteriorate.