THESTAR.COM The dramatic decline of former mobile handset leader Nokia Corp. may present an opportunity for rivals jostling for position in a global market dominated by Samsung Electronics Co. and Apple Inc. Woes at Helsinki’s Nokia, which has bled market share since its surprise decision in 2011 to drop the popular Symbian mobile operating system, deepened last Wednesday after the company warned of operating losses and said its cash pile had dwindled.
Experts pick fast growing and nimble Asia manufacturers HTC Corp. and Huawei Technologies Co. Ltd. as most likely to overtake Nokia for third spot in smartphone shipments after Samsung and Apple, citing cost advantages as they roll out new handsets in emerging markets led by China.
Canada’s RIM, another potential contender, “is in the position Nokia was a year ago,” with no clear path to recovery, said Town Hall Investment Research analyst Jamie Townsend. The Waterloo-based company, which has lost 75 per cent of its share value over the past year as it ceded BlackBerry sales in North America, is reportedly considering hiring investment bankers to explore options that could include a sale.
Experts pick fast growing and nimble Asia manufacturers HTC Corp. and Huawei Technologies Co. Ltd. as most likely to overtake Nokia for third spot in smartphone shipments after Samsung and Apple, citing cost advantages as they roll out new handsets in emerging markets led by China.
Canada’s RIM, another potential contender, “is in the position Nokia was a year ago,” with no clear path to recovery, said Town Hall Investment Research analyst Jamie Townsend. The Waterloo-based company, which has lost 75 per cent of its share value over the past year as it ceded BlackBerry sales in North America, is reportedly considering hiring investment bankers to explore options that could include a sale.
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