“Investors are upset that Nokia hasn’t been able to produce a true iPhone rival or take other steps to improve its financial health and are thought to be blaming company leader Olli-Pekka Kallasvuo for much of the trouble,” Electronista reports. “Both Alan B. Lancz & Associates and MKM Partners believe Nokia’s board could be under extreme pressure if there aren’t signs of improvement by the summer, when the N8 ships.”
Electronista reports, “Nokia still has the largest portion of the phone market but has slid to below 37 percent as Apple, RIM, Samsung and other companies have all drawn customers away… Kallasvuo’s performance has been even more in question relating to US performance, as he had promised to address a then-low 20 percent American market share but has left it with just 7 percent.”
Full article here.
MacDailyNews Take: While you’re at it, rename the company Jokia.
@breeze
“Nokia was a king amongst paupers till the iPhone hit the scene.”
Now it will be lucky to still be a queen!
Olli-Pekka Kallasvuo could always fall back on the comparison defense. Sure, we could be doing better. But we are looking pretty darn good compared to Motorola and Palm…
@bizlaw
I was too cheap to pay the cost of the AT&T iPhone plan for my wife and me, along with a teenage son who needed a phone. But I may bite the bullet with the next generation iPhone. My Motorola POS just isn’t worth the monthly savings, although it does have a fair camera.
@bizlaw
“Nokia will die unless it quickly abandons Symbian…”
Close, but not quite. Nokia will die if it does not quickly abandon its stuffy and arrogant attitude of being right even when the world around them clearly suggests it isn´t.
Nokia has had this corporate “quality” for many years. They were excellent in the pre symbian era. Simply the best phones on earth, bar none. Excellent technical build, stunningly sleek interface.
Then already dead Motorola came up with the clam shell. Nokia didn´t “need” to build a clamshell of their own (as they didn´t “need” to build a razor later on). This opened up the market for the weak underdogs, who all of a sudden had something the market leader did not. So the quality wasn´t that good and the os inferior – but they still gave something the users REALLY wanted.
They stuck with symbian when they should have let the terribly flawed POS go and look for a fuctional os. But Nokia can do no wrong.
Even when the iPhone was announced they did not see what was coming. I can understand that of consumers, but not of a company whos business it is to be well informed; to know.
But as I started out saying, Nokias problem is not mainly a technical, but a corporate and management ideology one.
Nokia is very, very, very good at logistics (maybe only surpassed by Apple), and will continue to be able to sell loads of cheap phones. Do not kid yourselves – there is a real business there too, if the company is sleek and streamlined to utilize that opportunity.
While you’re at it, kick that dumbass Ojanpera out of the company as well. He can take his napkins and Pinot Noir with him, arrogant ass.
Your iPad version is very poor it is slow and sometimes when you select an article it never changes or loads. This is bad I
If Nokia were to sell two top of the line phones for say, a minor for $50 and a major (say the coming N8) for $99 respectively, and drop every other low cost/free model in favour of just one damn good feature phone for $25 (free with contract), they could find a way back.
They will never do that though.
Because they know they are right and never question that.
Fatal attitude.
Whereas as Steve Jobs has said he asks himself the same question every morning as he’s shaving (hmmm!), and the answer has led to irresistible success.
Change one guy and everything will be better. Who are they going to hire, Steve Jobs?
I haven’t owned a Nokia since they came out with the first full digital phone! After that, they haven’t even been worth looking at. Their OS hasn’t really changed much in the last decade, and the feel of their interface is still, for some strange reason, frozen in time (from the 80’s). They had some great new products back in the day (flip open phone to show larger screen and keypad) and had some great product placement in hit movies (The Saint, Mission Impossible)…but that was then, this is now. My opinion is that they should stick to their core, simple mobile phones that just make calls. They obviously don’t have the internal know-how or desire to produce beyond that thinking point. Even the N8, although it is forward thinking, still doesn’t present what users really want. If they don’t copy Apple’s iPhone soon, they may end up like Palm in 5 to 7 years.
He’s Finnished.
@Ampar — you made me spray prosecco from my nose : )
What do Nokia expect if they appoint a Lawyer and Accountant as CEO, dose he even know anything about technology???
hmmm lets seee… 107 millions units delivered vs. 8.7 million units for Q1 … you American fanbois seem to think the US == the world.
Early on I had a Nokia phone, a precursor to the smart phone market. I hated it. The buttons were crap. The menu system was crap. The whole phone was huge, so was the display but for all that real estate it gave me very little connection to data or anything useful.
So long Olli. I’m sure you got a good golden parachute to float away on so I don’t feel sorry for you. Happy landing