Yes, you read it correct! Nokia may stop selling mobile phones from this year. With its diminishing market share and pressure from the popularity of Android operating system, Nokia may shut shop this year, predicted Forbes.
The magazine said that the Finnish handset maker may exit mobile phone business as Windows 8, its last hope, has failed to revive its falling sale. A report in Forbes reads, “The biggest shocker (and what I suspect will be my most controversial prediction), though, will be the 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.”
The article continued, “With the company’s bet on Windows 8 having failed in the marketplace, it will see Microsoft 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.”
With Nokia’s increased promptness to launch ‘Lumia’ and ‘Asha’ devices, one cannot be sure about the prediction. But, the fact that Nokia is losing its market share cannot be ignored. According to a Gartner report released in September last year, Nokia has only 19.2 per cent of market share in the smartphone segment compared to 23.9 per cent last year. The company slipped to number 7 position in the smartphone market. However, Nokia retains its position with the Indian market, especially due to the newly introduced Asha series.