Nokia had really excellent earnings today. Apparently their third quarter net profit rose 85% based on their growth in emerging markets, and they hold a steady 39% share of market.
39%. That's huge more than its next three competitors put together.
With all of the hype of the iPhone, I think it's easy to forget that the cellphone market is really global, and nokia is the predominant global player. I guess the battle between them is set to play out in the UK in the next few months: Nokia is unveiling a new music service and music-oriented phones just as the iPhone is coming to the mother country. Ultimately I think the Nokia is going win here -- they really are great phones, and they're totally open. Nokia also just has such a huge foothold in Europe.
I love the competition among the high end handsets, but I HATE the way carriers lock down the market in the United States. They're basically evil incarnate. You can't run Google Maps for Mobile on a Verizon phone! How crazy is that! There's no way we'd let ISPs control what we put on our laptops, so why do we let carriers control what we can run on our phones?
Eventually there's going to be a collision between the global and US phone markets -- the business model and compatibility issues are just going to start pissing more people off. I will only buy unlocked GSM phones since I travel internationally, and that basically means I have to buy my phones out of pocket. I just want to pay for service and an unlimited data connection and be left alone! Figure out some other way to make money!