Asian Nokia's competitors eating more into its market share as the Finnish giant slumps


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Wednesday, 01 June 2011
Electronics shares lifted the Asian stock exchanges during Wednesday's trading session, after Tuesday's profit warning from Nokia, its downward march in the lost market share was eminent and continued. But this happened at the expense of its competitors many of them bases in Asia


When Nokia lowered its estimates yesterday, it lifted the stock prices of its more aggressive competitors such as HTC, Apple and Samsung according to Bloomberg News.

In Japan, Samsung, which in terms of sales is the world's second largest handset manufacturer, rose by 1 percent.
By Team

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