It's not difficult to sell lots of cheap handsets. Their general problem is that competition is building and they are no longer alone in this market, which means they have to invest more, so the downside is greater.
More Quotes from Per Lindberg:
A lot (of people) bought Nokia shares in anticipation of a stronger-than-expected report. Likewise, many took negative positions in Ericsson in anticipation of a weak report.Per Lindberg
It's really a matter of reallocating its resources to growth areas, such as DVD players and mobile phones, and away from old-line sectors.
Per Lindberg
Following the nadir in the third quarter, the infrastructure arm appears to have turned the corner in terms of both sales growth and returns.
Per Lindberg
This is the last of the panic selling. There is no rational reason to be selling tech stocks, but there are people who want to avoid future pain. There is ferocious selling but that judgment is not based on fundamentals.
Per Lindberg
The key question for investors now is whether they think Nokia's mobile margins are sustainable or not. I don't think they are, because this is a commodity-like market in the long term, and Nokia will face much stiffer competition.
Per Lindberg
This is really the opposite of what we saw with Nokia.
Per Lindberg
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