Things have gotten so bad for Nokia, that Analysts believe that the company will abandon the mobile business because they just cant compete with Apple and Android. And plain and simple their Lumia smartphones simply just flopped. The Analysts believe that Nokia will just sell its assets to Microsoft and Huawei this year.
Things have’nt looked good for almost 2 years as the company has had 6 qtrs of straight losses.
“The biggest shocker (and what I suspect will be my most controversial prediction), though, will be the the [sic] departure of Nokia from the phone business as the company sells its mobile operation and infrastructure divisions to Huawei in order to focus on software and services,” Louis wrote. ”With the company’s bet on Windows [Phone] 8 having failed in the marketplace, it will see Microsoft (MSFT) and Huawei competing for the mobile device division and will eventually sell its smartphone group to Microsoft and the rest of its telecom interests to Huawei.”