Nokia, once the dominant mobile maker, is quickly losing its market share to the smartphones & ereaders. Its CEO & head of smartphones division also left the company recently. Its erosion of market share shows Nokia doesnt have a proper strategy. It rose to a dominant position with simple phones & became a household name. But the cheap dual phones, China sets & Smart phones eroded its market share. It still doesnt have a proper phone to compete with iPhone. Its Ovi app store is recently showing signs of increasing popularity. On one hand cheap sets is attacking Nokia & on the other side by Smartphones. At this point users are not sure what Brand identity does Nokia refer to. Also the top executives keep giving contradicting signals as to Where Nokia is headed. Also on the social media space Nokia is not as popular as iphone.
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