Indian newspaper The Economic Times is reporting that Nokia’s market share is in free fall in India. According to research firm IDC, they have lost almost 20%. This isvery bad news for Nokia, who is disputing IDC’s data.
The news confirm the worldwide decadence of the Finnish manufacturer, who is losing the smartphone race and whose top executives are leaving like rats running out of a sinking ship.
Before this drop, India was Nokia’s second largest market in the world. According to IDC, the McDonald’s of phones lost its share to domestic handset makers, who doubled theirs up to 33%. [India Times]