The memo directly addresses how Nokia no longer owns the medium or low-end of the market either. They're being squeezed by smartphone tech making its way down

The memo directly addresses how Nokia no longer owns the medium or low-end of the market either. They're being squeezed by smartphone tech making its way down towards mid-range 'featurephones' (i.e. a cheap Android handset easily beats a mid-range Symbian featurephone), while the low-end stuff is becoming a commodity churned out by Chinese OEMs.