Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Apple Inc. (AAPL) Gets Swiped By Nokia Corporation (NOK)

Apple Inc.Apple Inc. (NASDAQ:AAPL) has certainly gotten an awful lot of heat over the last few days over the shortcomings of its mapping application which replaces the Maps app by Google Inc. (NASDAQ:GOOG), which was very effective and popular on previous iPhone versions. For all of the hype over the positives in the initial days after the unveiling last week, now it seems that a lot of the headlines leading up to today’s official launch have revolved around a disappointing Maps feature that Apple created.

While Apple is down on this issue, Nokia Corporation (NYSE:NOK) decided it was time to kick it, as the company – which is putting all of its future success on the backs of Windows Phone 8 by Microsoft Corporation (NASDAQ:MSFT) with the risk of becoming forever irrelevant in the U.S. and other developed markets – decided to use this as an opportunity to not only pick on Apple Inc. (NASDAQ:AAPL), but it also touted its own Maps application which it has on its Lumia handsets and has been used by other smartphone makers.

In a Nokia Corporation (NYSE:NOK) blog post: “Unlike our competitors, which are financing their location assets with advertising or licensing mapping content from third parties, we completely own, build and distribute mapping content, platform and apps. In other words, we truly understand that maps and location-based apps must be accurate, provide the best quality and be accessible basically anywhere. That’s been standard practice at Nokia for the past six years, and we also understand that ‘pretty’ isn’t enough.”

Apple Inc. (NASDAQ:AAPL) wasn’t just part of that note, but it also was the subject of a “comparison” by Nokia Corporation (NYSE:NOK), as the Finland-based company touted its mapping and location services as better than what was on the iPhone 5 and on the Samsung Galaxy S3, an Android phone by Google Inc. (NASDAQ:GOOG).

Apple Inc. (NASDAQ:AAPL) must be having a bad day when its handsets are dominating Nokia Corporation (NYSE:NOK), yet Nokia has the confidence in its mapping service to highlight it. It may take more than a better mapping service for Microsoft Corporation (NASDAQ:MSFT) and Nokia to make significant inroads on the Apple Inc. (NASDAQ:AAPL) market share. Investors in Apple stock, however, like hedge-fund manager Julian Robertson of Tiger Management, are certainly counting on iPhone 5 sales to outpace the disappointment of the mapping application.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.