Nokia (NOK Quote) absorbed the blow of a one-two punch from Apple (AAPL Quote) and Texas Instruments (TXN Quote) this week, but the handset maker is expected to struggle until it refreshes its product portfolio.
The first hit came Monday after Apple CEO Steve Jobs unveiled the new iPhone 3G, designed to run on faster next-generation cellular networks. At the company's annual Worldwide Developers Conference, Jobs introduced the new, thinner device to compete with Nokia's handsets, one that includes a GPS system, better battery life, boosted enterprise support and third-party applications.
Jobs went a step further and took a direct swipe at the Espoo, Finland-based handset maker, remarking how the iPhone 3G managed to download a Web site in 21 seconds while the Nokia N95 took 33 seconds to load the same page. The Palm (PALM Quote) Treo 750 took 34 seconds, he said. ...
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