Amazon and the Kindle Fire kind of destroy that idea. They beautifully demonstrated with that just how stupid Nokia were.
Also, they're selling Fire tablets at below cost. That'd be horrifying for Nokia's finances. Not to mention that Kindle Fire's sales crashed hard after the initial holiday rush.
http://www.readwriteweb.com/mobile/2012/05/amazons-kindle-fi...
Meanwhile, LG, Sony, Acer, etc. etc. are in losses with Android and HTC is barely ekeing out a small profit. That demonstrates, how smart Nokia was not to just into this pool
This.
Asymco has good data on who is making profits in the industry: http://www.asymco.com/2012/05/03/the-phone-market-in-2012-a-...