Nokia Corporation (NYSE:NOK) (BIT:NOK1V) finally won a competition on Saturday, and with all the things the company faces in the mobile market right now, it may be just the ticket for your Nokia phone.
The Times of India reports that Ere Karjalainen, a teenager from Finland, used his old Nokia Corporation (NYSE:NOK) (BIT:NOK1V) handset to win a competition on Saturday. However, this competition did not involve surfing the web, dialing a number, or even being the fastest text messaging guru. It was instead, a competition of strength and skill. You may wonder, what could you possibly do with a cell phone that involves strength? The asnwer: see who can throw it the furthest. Yes, you read that right. They had a cell phone throwing contest, and Nokia Corporation (NYSE:NOK) won!
Corsair Capital, the event-driven long-short equity hedge fund, gained 6.6% net during the second quarter, bringing its year-to-date performance to 17.5%. Q2 2021 hedge fund letters, conferences and more According to a copy of the hedge fund's second-quarter letter to investors, a copy of which of ValueWalk has been able to review, the largest contributor Read More
The young man managed to through his old phone 101.46 meters, and beat out around 50 contestants, some of which had travelled from as far away as England and India to celebrate the Summer festivals and parties in Finland. This yearly contest is only one of many, in what some people might term the “Redneck Olympics”. Other competitive sports include wife carrying and other off the wall games.
Not to pretend that the skills are related, or even comparable, the young man beat the Olympic gold medal javelin throw by almost 17 meters.
Nokia Corporation (NYSE:NOK) is a native of Finland, and is housed in one of the most advanced mobile phone markets in the world. In Finland you can pay for every day products and services, such as tram tickets, or a parking meter with your phone. This is interesting, considering how quickly Nokia is losing their share in the market to Apple Inc. (NASDAQ:AAPL)’s iPhone and Samsung Electronics Co., Ltd. (KRX:005930)’s Galaxy series.
Nokia is having a hard time keeping up in the mobile world. As smartphones dominate the market, Nokia is having a serious issue with developing products that consumers find attractive. Their Lumia line may well be their only hope for survival in the market, as they have partnered with Microsoft Corporation (NASDAQ:MSFT) to release a Windows Phone 8 series this year.
If the Lumia doesn’t take off and save the company, you may very well find yourself wanting to throw your Nokia handset across the yard as well.