Quote: "Apple could eat Nokia's lunch in emerging markets"

I don’t quite agree with this one — there’s about a billion different points I’d like to make but I’m on-the-run. I wanted to post this particularly for the readers out there who have intimate knowledge of Nokia’s rather phenomenal position in the emerging marketplace. I thought it would give you a little chuckle.

Have a read:

Nokia’s stock held up nicely last week on the news that it will slash 3,500 jobs in various facilities around the world. However, this week the stock is slumping, and the main reason for this could be Apple’s event.

In all probability, Apple could come out with a cheaper version of iPhone along with the iPhone 5. It could be an entirely new phone with different specifications or iPhone 4 and iPhone 3GS could act as a cheaper iPhone.

Forbes: “Apple could eat Nokia’s lunch in emerging markets”

Ah dear.

Well it’s certainly possible.

If Apple release a £15 iPhone that doesn’t need a credit card or about £1,500 of surrounding ecosystem kit to make the whole thing work nicely, then yeah, I could see a problem for Nokia in the short term.

Meanwhile, life continues…