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Smartphones or not, Nokia as well as almost all other phone companies can live without twisted and depressing US market, but there are specific manufacturers that are deadly dependent on it. I would be much more concerned of Nokia maintaining good market share and profit portfolio in rest of the markets, and for Apple, keeping US market receptive enough to maintain their sales, especially since their entry to China has been disappointing to say the least. You have to remember that there are operators like China Telecom that have about twice the amount of customers of whole US market...
Apple is at real risk when exclusivity agreements with operators disappear, unless they're able to woo them in those again with new devices, which doesn't actually seem like a bright prospect. Building on continuous lower-segment profits of a global scale Nokia is much less in short-term risk.