Nokia to disappear in 2022?

Retrieve well-nigh a little over a yr agone it was predicted that T-Mobile would disappear? Well the same group that predicted TMo'due south fate is at present predicting that Nokia could close its doors in 2022.

24/7 Wall Street is predicting Nokia, along with other notables every bit Sony Ericsson, Sears, Saab and Kellogg's Corn Pops could disappear in 2022. Quoting from their reasoning behind predicting the demise of Nokia the articles states,

"Nokia is dead. Shareholders are just waiting for an undertaker. The world's largest handset company has ane asset: Nokia sold 25% of the global full of 428 one thousand thousand units sold in the first quarter. Its problem is that in the industry, the visitor is viewed every bit a falling knife."

24/7 does recognize that Nokia is in the procedure of irresolute over to "Microsoft Window mobile Os" but doesn't see that every bit helping because "Window mobile" has a tiny share of the market. The nearly probable scenario is that Nokia will be purchased potentially by HTC, Samsung or LG Electronics. The possibility of Microsoft buying Nokia is also mentioned.

We're not certain how much stock to put into these predictions of fate. In 2022 the listing of companies predicted to fail included Blockbuster, Zales, RadioShack, Reader's Digest, and Thrift Machine Rental. Last I checked, along with T-Mobile, all of these companies are withal around. We come across Nokia equally a stiff contender in the smartphone market and that their partnership with Microsoft and Windows Telephone will be a positive for the company.

I guess only time volition tell which prediction is correct.

source: 24/vii Wall Street Thanks goes out to the Doctor for tipping us on this!