In October of last year I blogged about Nokia, and how the company had lost its way. At that point they had just released phones using the Microsoft Windows operating system and the share price stood at just over $7.
Last week Nokia released a new Lumia model with Windows Phone 8 and the share price dropped during the launch. That's right - during the launch!
Apparently the Wall Street share price dropped 10% during the announcement and dropped almost 16% before the day was over.
I can only wonder what the people are the helm are thinking, but it seems that few people outside the company have any faith in their strategy. I guess they're just waiting and hoping that Microsoft will step in and buy the company.
A shame really.
The share price stands at $2.63 as I write.