After nokia Nokia downgraded its sales expectations, the company's share price fell immediately. Stephen Elop, president of Nokia, said in an interview that Android is the cause of the disappointing figures.
Nokia's share lost seventeen percent on the day of the announcement, and continued to decline thereafter. Elop reacted to the turmoil in the stock market, and had to conclude that salesdecline especially in China and Europe due to consumers preferring Android caued the bad results. According to Elop Android phones are easily interchangeable, which keeps down the price. Nokia can't do anything but go along with it.
CDMA in China
In China thera's also another problem: CDMA networks are becoming more popular, while Nokia only sells GSM handsets. The company misses many opportunities due to this lack of CDMA devices. Analysts weren't happy with news from Nokia. According to Pierre Ferragu of Bernstein Research is the timeframe for Nokia and Microsoft to put together a successful ecosystem is short, and is threatened by the rapid decline of Nokia. He fears that Windows Phone 7 will may be too late to save the brand.
Source: Zdnet.com