DOES ANYONE, have any SOLID (not SPECULATION) answers as to why NOKIA tanked today ?
Tim Cook Apple Ceo was in China pushing a cheaper phone that may be compatible to China's largest carriers network. The current phone is not compatible. Keep in mind the phone has not been made and Steve Jobs is dead so he cannot tell them how to make it. Cook seems desperate in my opinion. There are fake apple stores, clones whose ceo thinks he is Steve Jobs in recarnation. It is a cluster F in China. If Cooke thinks China is going to save them he is wrong. They like Nok and Samsung more than Apple. So wall street is reacting as if they were still the emperor of the world of tech. Apple is not. Maybe the reaction would have been justified last year not this year.