I'm not sure how to respond on this one - after the announcements from Apple, American Technology Research have downgraded their stock recommendation on Nokia from 'Buy' to 'Hold' because of the increasing competition, and they are awaiting a competitive response from Nokia. I suspect that response will be coming at some point next week.
MoCoNews carries the quote from the Analyst that "Nokia will face increasing competition from new third-generation smart-phone introductions in the second half of 2008 and early 2009. We do not recommend new money until we get a competitive response from Nokia."
MoCoNews carries the quote from the Analyst that "Nokia will face increasing competition from new third-generation smart-phone introductions in the second half of 2008 and early 2009. We do not recommend new money until we get a competitive response from Nokia."
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