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Nokia delays Symbian^3, investors not impressed

Tim Stevens
April 22, 2010
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As in any business, in the world of the smartphone there are winners and there are losers. Earlier this week Apple blew away market expectations and posted a $3 billion profit thanks largely to increased popularity of the iPhone. For the competition news is not so good, and while Nokia did manage to boost earnings per share 40 percent this year, it missed analyst expectations and, more importantly, is having to delay the release of Symbian^3 until sometime in the third quarter. The release was initially due in the first half of the year, then became a little more specific as a Q2 release. These factors have sent share prices dropping 12 percent and leaves Nokia fans waiting another few months for a taste of something fresh -- not good when there are so many other delectable options up for the taking.

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