No doubt Samsung has done a great job by breaking the monopoly of Nokia in mobile market as it has ended 14-year leadership of Nokia in the first quarter of the year.
We had suggested fall of Nokia long time back and now it is taking Indian market seriously and has achieved a great share of market by launching dual sim phone in India. This is called as being in sync with the mentality of a local population.
Nokia became the world's largest cellphone maker 1998 when it overtook Motorola (MMI.N) - at a time when Samsung had just entered the industry - and it controlled around 40 percent of the market for years before Apple Inc's (AAPL.O) iPhone was unveiled in 2007, launching the smartphone boom. Nokia has failed to capitalise on its growth and early starter advantage.
To be honest Nokia off late has failed to deliver as its phone hangs due to symbian platform and barring few Nokia care stations, a majority of them are not able to get the software problems rectified. Their new phones have basic features lacking and one wonders if after a phone has been designed, is it tested for its full functionality.