BAI 151 first paper - Essay Example

Nokia Company The first paragraph needs to introduce the of this article, and where you have found this article, and the author of this article, and when this article was published.The title of this article is “Nokia Plunges 14% After another Profit Warning.” This article was published by David Goldman on 11th April 2012 in CNNMoney which is a service of New York Times.The second paragraph should summarize the main things in this article, what is this article talking about?The article discusses how the Nokia Company in its second quarter had its profits plunged by 14% as a result of competition from other mobile companies.

The profits drop despite the company having sold a new line of smart phones (over 2 million of them). The article discusses how further losses were incurred when the company had to reimburse $100 to each phone owner of the new smart phones in the USA as a result of lack of internet connectivity. The company, therefore, has a lot of ground to cover before it recovers fully from that profit plunge.The third paragraph needs to describe whether you agree or disagree with the opinion in this article and explain why.

I agree with the opinion that they have a solid reason to cover the before they recover bearing in mind the other giant phone producers, like Apple and Samsung dealers, not to mention the ever expanding Chinese producers of phones that are selling more in the third world. This is a tough competitive market for Nokia and they should avoid small hitches that would hinder their market share climb to reach the top and make profit and also attain market stability which is not so stable at the moment.

Works CitedGoldman, David. “Nokia Plunges 14% After Another Profit Warning.” CNNMoney, New York Times. Web. Apr. 11, 2012. http://money.cnn.com/2012/04/11/technology/nokia/index.htm?section=money_marke ts&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+rss%2F money_markets+%28Markets%29