Zacks Analyst Blog Highlights: Nokia, Research In Motion, Apple, Google and Motorola - Press Releases

For Immediate Release

Chicago, IL – September 13, 2010 – Zacks.com Analyst Blog features: Nokia Corp. (NOK), Research In Motion Ltd. (RIMM), Apple Inc. (AAPL), Google Inc (GOOG) and Motorola Inc (MOT ).

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Here are highlights from Friday's Analyst Blog:

Nokia Sees Change at the Helm

Time is up for Mr. Olli-Pekka Kallasvuo, the beleaguered CEO of Nokia Corp. (NOK). Today, the Board of Directors of Nokia made a decision to replace Kallasvuo with Mr. Stephen Elop. Since last July, industry circle was rife with the speculation that Nokia management is desperately looking for a suitable replacement for its existing CEO. The change will take place on September 21, 2010.

Nokia is facing serious problems in the high-end feature-rich smartphone segment. Smartphones are expected to become the next-generation choice, taking over market share from basic mobile handsets. As of today Nokia is nowhere near iPhone, BlackBerry, or Android-powered mobile devices.

The company failed to understand the market's preference for feature-rich PDAs and as a result gradually lost market share to Research In Motion Ltd. (RIMM), Apple Inc. (AAPL), and Google Inc's (GOOG) Android-based smartphones especially from a resurgent Motorola Inc's (MOT) DRIOD series.

While Nokia fails to get any meaningful foothold in the top-tier smartphone market, its core business area of mid-tier basic mobile phone is also facing tremendous pricing pressure from low-cost Asian manufacturers like HTC of Taiwan, Huawei Technologies and ZTE Corp. of China and Samsung and LG of South Korea. As a result, Nokia's overall market share in the mobile phone segment is down to just 33% from 45% a year-ago.

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