There's more bad news from Nokia. We saw an announcement yesterday that Nokia was going to lay off another 17,000 workers world wide in the next year to try to cut costs by 1 billion euros. That's a lot of workers and a lot of money. It's been a long a steady fall for the company that once dominated the cell phone industry.
My first cell phone was a Nokia, and it served me well for many years. But rivals have introduced new products and services much faster than Nokia did and they have fallen to the wayside. In our opinion there is no way they will ever be able to compete against companies like the iFruit company and Samsung.
Hopefully Nokia will be able to make the adjustments needed to stay a viable company producing products or services that people will want to buy again. We wish them luck.