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Apple iPhone Sales Won’t Profit from Nokia’s Q1 Profit Decline

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NEWS ANALYSIS: Nokias dramatic first-quarter profit decline is more about inventory than sales. Those people thinking Nokias plight is opportunity for Apple must reckon again. The iPhones market share is tiny compared with Nokia devices. Apple has a long, long, long way to go before even remotely challenging its Finnish rival.
– Some Apple iPhone supporters are rejoicing over Nokia’s
April 16 earnings announcement. Nokia reported a stunning 90 percent
year-over-year decline in profits for first quarter and a first-ever pretax
loss.
The world’s largest handset maker, along with Research In Motion, stands
between iPhone…