Wednesday, April 24, 2002
Competitive outlook
Posted by Andy Sjostrom in "THOUGHT" @ 01:46 AM
Things are a' changing and a' moving on the other side of the market. Here's a couple of recent events and news. Ericsson continues to perform poorly. The last quarter brought a bitter $290 million loss, worse than analysts had thought. However, the company broke out the revenue and results from the phone making Sony Ericsson joint venture and there we see a profit -- small, but there's a profit. The consortium Symbian gets one more supporting player: Siemens. Siemens buys 5% of the stock and thereby shows their desire to play their cards safe, placing bets on all sides. The Smartphone 2002 competitor, Nokia 7650 will be priced at $600 to $750 when purchased without a subscription. The price is a bit higher than I had thought, but shows a healthy sign that no one is in this to lose money and that more costs more.