So Nokia missed its smartphone volume expectation by about 10%. BlackBerry missed its BlackBerry 10 volume consensus by about 15%. And HTC missed its earnings consensus by about 35%. The autumn ... more 
So Nokia missed its smartphone volume expectation by about 10%. BlackBerry missed its BlackBerry 10 volume consensus by about 15%. And HTC missed its earnings consensus by about 35%. The autumn outlook is gruesome for these second-tier vendors for many, many reasons. First, they all ramped up their key models during the spring with the Nokia Lumia 520, the BlackBerry Q10 and Z10, and the HTC One. This was not just any old quarter. This was a quarter when all three had major new models shipping pretty much throughout the quarter. By autumn, all of these new models will start losing their pricing power. A slow start is bad news. U.S. Federal Reserve Chairman Ben Bernanke says it's ?way too early to make any judgment? about a potential decision to start reducing the central bank?s volume of asset purchases. Bernanke, appearing before the Senate a day after testifying before the House, largely repeated the themes and often the words from his previous testimony. The boardroom battle over Dell continues after the shareholder meeting adjourned without a vote on the $24.4 billion buyout offer from founder and CEO Michael Dell. less 
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Wochit
Thu, Jul 18, 2013 3:14 PM EDT