Apple Inc. (AAPL), Nokia Corporation (ADR) (NOK): The Thorn in the iPhone’s Side, Europe

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This Fool thinks a cheaper iPhone is the best way to gain back some of the lost market share in Europe and start fighting the uphill battle against Android and Samsung. Apple has enjoyed selling millions of iPhones worldwide, but if European smartphone consumers continue moving in the direction they’re going now, you can expect Apple to be pushed out even more.

Not finished yet
Though the iPhone may be losing European market share, Apple isn’t likely to take the walloping lying down. The new iOS 7 may held turn the tide for the iPhone once it comes out this fall, and an updated iPhone may help push Android back as well.

But what could really change the game for Apple’s stock right now is if it releases a completely new product all together. The company has a history of cranking out revolutionary products … and then creatively destroying them with something better.

The article The Thorn in the iPhone’s Side: Europe originally appeared on Fool.com.

Fool contributor Chris Neiger has no position in any stocks mentioned. The Motley Fool recommends and owns shares of Apple.

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