Nokia shares has plunged by 12.5% from strong competition coming from the iPhone and Blackberry devices. Currently Apple is relishing in a 17.3% share of the market, RIM 15.2% and way down at the number four position is Windows Mobile with a 13.1% share of the market.

Despite all the competition coming Nokia's way, the Finnish giant still sits comfortably with a 38.9% share, but for how long? With current and upcoming devices form Blackberry such as the Blackberry Bold, Storm, and the Pearl 8220, Nokia will definitely feel the blunt of it this Christmas season if the world continues to fight off a recession.
Nokia needs to branch out from Symbian only Smartphones to stay fruitful in an ever hostile market, the more options consumers have to pick from the better. Nokia's success in the U.S market is meager at that, it's not the brand name of the phone U.S consumers do not want but the OS it carries. Since Nokia is making Symbian Open Source it would make valuable business sense to start fiddling with Android as the Google OS is expected to do very well in the U.S market.
Act now is what Nokia needs to do, lets hope their answer to the iPhone which is the Nokia Tube can keep them competitive.


