Comment Wow, the ignorance is breathtaking (Score 0) 286
Slashdot is full of blowhards these days.
It's been clear since the 9210 that mobile phones would replace the desktop, maybe not in every respect but most of them. Anyone with half a brain has been watching the mobile space closely. That seems to exclude most of Slashdot though, why don't know this stuff, what's wrong with you?
Nokia is the 2nd largest phone manufacturer on the planet, marginally behind Samsung. Apple is trailing a long way off in the distance.
Their new generation of smartphones are about two years ahead of the competition, maybe three years ahead of Apple. You'll see the features from the Lumia 920 in the iPhone 7 or 8 if you're lucky, but looking at the iPhone 5 vs 4s, I frankly doubt it.
They have turned their S40 "dumb" phones into smartphones, of which they're selling 70 million a quarter at less than 1/5th the price of an iPhone and making a profit doing it.
They are one of the biggest mapping companies as well, rivalling or surpassing Google but nobody here had a god damned clue. It's come as a total surprise to everybody.
Apple don't have 100 billion in cash; they have it invested in the markets and should Apple attempt to buy Nokia, it's likely their market capitalisation would double or more so they're never going to get the company for the current price. Should MSFT attempt to buy Nokia OTOH, someone will be going to prison. Putting it clearly, Nokia's market cap is currently priced for bankruptcy despite the fact that only the smartphone division is now losing money and while Q3 is probably going to suck due to their announcement timing, as I pointed out anyone who's looked at recent reviews anywhere, their new stuff is noticeably ahead of all the competition and due out next month.
So, I hope you're happy fondling the APPL stock you bought at $700, the hedge funds will send you a thank you card for your support I'm sure in due course. I am of course talking my book with NOK that I bought when the world was ending, as it does so often.