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Nokia (NOK), the world's largest manufacturer of cell phones, has been hit hard over the past year as Google (GOOG) and Apple (AAPL) ramped up market share in the market for mobile devices. The company, which has a 40% share of the world's cell phone market, has been struggling to develop a smartphone that will let it compete not only with the Android operating system, but also with the iPhone and the BlackBerry, by Research In Motion (RIMM). While Nokia fumbled, the stock, which traded at more than $15 per share in April, has fallen about 38% and now trades around $9.50.
But things could be about to turn around.
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