Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

Nokia is supposed to finally stop shipment of smartphones using Symbian OS. The company is betting its future solely on Microsoft Windows platform. The Symbian OS which was the worlds leading operation system and looked untouchable few years ago, now would be stopped from usage. The Finnish firm was loosing grip on market innovations as the first Apples iPhone launched. Furthermore, Google came up with Android to significantly diminish Nokias market share to the point that now company is relying on Microsofts rival software.

Nevertheless, Symbian is still present with a minimum market share in many major markets but was quickly surpassed by Nokia Lumia series of Windows based smartphones. The latest model of the series Nokia Lumia 925 would be out on the European market this week.

Nokia said to Financial Times: “It took 22 months to get a Symbian phone out of the door. With Windows Phone, it is less than a year. We spend less time having to tinker with deep-lying code and more time on crafting elements of the experience that make a big difference, such as around photography, maps, music and apps in general.”

The Symbian based smartphone sales have been highly disappointing since the market overtake by Apple and Google. Market share of Nokia Corporation has been plunging 15.57% year to date.

Nokia is expected not to report shipment halt as the company is looking to sell its remaining stock of devices.

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News

  • EUR/USD on five-week lowsEUR/USD on five-week lows The euro slid to the lowest point in five weeks against the US dollar on Tuesday, despite the positive Euro zone PMI data, as market sentiment received a boost after the upbeat Chinese manufacturing data, which suggested a positive view over […]
  • Safeway Inc. agrees to be acquired by Cerberus Capital Management in a 9-billion-dollar dealSafeway Inc. agrees to be acquired by Cerberus Capital Management in a 9-billion-dollar deal Cerberus Capital Management LP and the board of Safeway Inc. have reached an agreement for a takeover of Safeway. The deal is estimated to 9 billion dollars and is known as the latest acquisition of the private equity group, which intends to […]
  • Copper falls ahead of FOMC minutes, China data in focusCopper falls ahead of FOMC minutes, China data in focus Copper fell for a third straight day amid speculations FOMCs July meeting minutes may indicate an earlier-than-expected stimulus tapering may begin in September. Market players also eyed upcoming trade and manufacturing data from world top […]
  • Forex Market: USD/NOK daily forecastForex Market: USD/NOK daily forecast During yesterday’s trading session USD/NOK traded within the range of 5.9314-5.9782 and closed at 5.9356.At 6:45 GMT today USD/NOK was losing 0.02% for the day to trade at 5.9354. The pair touched a daily low at 5.9292 at 1:10 […]
  • Forex Market: AUD/USD extends pullback from two-month high as recession concerns growForex Market: AUD/USD extends pullback from two-month high as recession concerns grow AUD/USD extended losses on Tuesday, as disappointing macro data reinforced recession concerns, triggering a move into safe haven assets.China’s industrial production, retail sales and fixed-asset investment data prints, reported on […]
  • IKEA to close store in Tottenham, London, 450 workers affectedIKEA to close store in Tottenham, London, 450 workers affected IKEA announced on Wednesday that it intended to close its store in Tottenham, north London, later in 2022, while the move would affect 450 workers.The home furnishings retailer also said it remained committed to retaining as many […]