![]() ![]() In particular, Nokia seems to lack the research and development capabilities that have enabled these companies to develop new devices and tap new markets. Nokia also lacks the vast economic resources available to some of its competitors, such as Google, Apple and Samsung. Unlike Apple, Nokia has had a hard time tapping into the fast-growing Chinese market. Economic turmoil in Europe has hurt it badly by limiting buying power in its home markets. Nokia suffered heavily from the European downturn of recent years.
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