It's a tough world out there for anyone attempting to compete with HTC, Apple, Samsung and LG in the smartphone sector. Even for Nokia, who has held the overall lead from a worldwide perspective for years now. Overseas, Nokia phones are everywhere, but they're becoming less and less common to see in America with other smartphones grabbing the bulk of the mind and market share.

Recently, Nokia released the company's latest quarterly results, and most of the news wasn't exactly rosy. The outfit cut their profit outlet for the key phone unit, and it also lowered some phone prices in a bid to remain competitive in a space that is quickly putting Nokia behind it. Many analysts have even said that the  has put Nokia in a position where it could never really compete at the high-end smartphone level, leaving just the mid- and low-range sectors to compete in.

Another blow for Nokia is the delay of the next generation of their Symbian software, Symbian^3. Previously, Nokia stated that it would be ready for smartphones by Q2 of this year, but now, it won't be ready until Q3. That's after the next generation iPhone will purportedly launch, leaving Nokia in yet another awful position. Too little, too late? Or maybe it's time for Nokia to throw in the smartphone towel and simply focus on their bread-and-better, the low-end candybar, overseas.