Today, Nokia, the biggest maker of mobile phones in the world, introduced the N97, which is a new model of cell phone with a large touch screen. The company hopes this model boosts its revenues coming from smartphones.
However, according to some analysts, this new device won’t be enough to recover the market share Nokia has lost recently.
Nokia is still the world leader in the smartphone (phones with computer-like functions, for example e-mail) market, but it has lost a significant market share to its rivals: iPhone by Apple and Blackberry by RIM.
Investors and analysts are worried about this situation, because it would affect the profit margins of the Finnish company.
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Very expensive !! Right
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