Nokia shares plunge on loss forecast

Nokia shares have dropped 17% following a profits warning, that the first half of 2012 is highly likely to produce a loss as they struggle to compete with the likes of Apple, Samsung, HTC and other high profile Smart Phone manufacturers.

They follow RIM, the makers of Blackberry in attempting to regain market share that may have gone forever, as they failed to see the huge impact that Apple Iphones and more innovative handsets would have in what was once a Nokia dominated market.

The Blackberry manufacturers have decided to go back to their staple corporate market and swim in that pool and Nokia are going to try and reduce their cost base and bet on the success of the Lumia range. This follows a tie up with Microsoft to offer a Windows alternative to the Symbian operating system powering many must have smartphones and offers an alternative that may win back Nokia loyalists but they may be too late.