“Nokia has pledged to strike back at Apple and produce mobile phones that will compete effectively with the US technology company’s iPhone,” Andrew Parker and Andrew Ward report for The FInancial Times. “Olli-Pekka Kallasvuo, chief executive of Nokia, the world’s largest mobile phone maker, said that it was aiming to be ‘even more competitive’ following criticism that it had failed to come up with a handset to match the iPhone.”
“Nokia is the world’s largest maker of smartphones – mobile phones that double up as mini computers – but it has been losing market share to rivals led by Apple… Mr Kallasvuo defended Nokia’s N97 smartphone, the company’s main answer to the iPhone, following criticism by some analysts that it is a poor alternative to Apple’s handset,” Parker and Ward report. “He said: ‘We are competitive in the marketplace right now as we speak, and we will make efforts to be even more competitive going forward.’ Apple’s rapidly growing strength as a mobile phone maker is underlined by its securing the second largest share of the industry’s profits in the second quarter.”
MacDailyNews Take: In order to explore the striking dichotomy between pronouncements from CEOs of Apple’s roadkill and actual reality, please see: Gizmodo reviews Nokia N97: ‘If this is the best they can do, Nokia is doomed’ – July 06, 2009
Parker and Ward continue, “In the three months to June 30, Apple took 23 percent of the leading handset makers’ operating profits, compared with 2 percent in the same period last year, say Bernstein analysts… Nokia secured 28 percent of the top handset makers’ operating profits in the second quarter, down from 59 percent in the same period last year.”
Full article here.
MacDailyNews Take: Nokia. The Underwood Typewriter Company of the 2010s.
[Thanks to MacDailyNews Reader “James W.” for the heads up.]