5 Companies That Dropped The Ball This Week

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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.


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