Nokia In a Sinking Boat

We are all familiar with world's largest cellphone leading company, Nokia. It seems that since Apple launched their iPhone Nokia went through huge crisis. You probably hearing that Nokia is firing many employees every quarter. Their sales is dropping every year. Recent studies shows that net sales dropped 13 percent year-over-year and three percent from Q2, while operating profit plummeted a staggering 60 percent year-over-year and 36 percent since the prior quarter. All told, the company recorded net sales of $12.35 billion, and while things are gloomy in comparison to the glory days, it still has a whopping $7 billion in its coffers. And the good news doesn't end there. The company's shares actually surged on word that the losses weren't as bad as anticipated, and that overall sales beat estimates. I have been a Nokia fan for many years. I personally used many Nokia cellphones and still have them. I will not be happy to see Nokia go out of the competition. If these number will continue to fall and they don't act soon on this. Nokia will extinct from EARTH and APPLE will monopolize the entire world.