5 Companies That Dropped The Ball This Week


Nokia Remains On Life Support

Nokia's fall from grace continued as the Finnish communications company finished No. 10 in smartphone shipments in the first quarter of 2013, according to a report from Gartner.

"Nokia's mobile phone share dropped 4.9 percentage points in the first quarter of 2013 mainly due to a steep decline in feature phone sales," the research firm said.

The company did finish No. 2 in overall mobile phone shipment sales. However, the former worldwide leader is losing major market share to Samsung, which captured 23.6 percent. Nokia came in at 14.8 percent. It held a 19.7 percent share in the same quarter last year.