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There Are Too Many Products Out There: Woolcock

3:45 AM ET Thu, 12 April 2012

Keith Woolcock, partner at 5th Column Ideas, told CNBC, "There is too much choice out there, there are too many products and it is telling you something when the company that takes 70 % of the profits available in the smartphone markets i.e. Apple has the smallest R&D budgets, only 2 % and has the smallest portfolio of products."