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Nokia big crisis

motormafia

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http://www.smh.com.au/digital-life/...a-prepares-for-iphone-war-20100914-159je.html

Heads roll as Nokia prepares for iPhone war

Will the N8 save Nokia from high-end smartphone obscurity?

Nokia has been thrown into disarray, with its top two executives announcing they will be leaving the company on the eve of its biggest event of the year, Nokia World in London.

The Finnish handset maker is still the number one mobile manufacturer globally but its position has come under significant threat over the past two years with the rise of Apple's iPhone, RIM's BlackBerry and Google's Android platforms. Later this year it will have a new competitor: Microsoft's Windows Phone 7.

It is widely held that Nokia has failed to innovate in the high-end smartphone market and has lost significant mindshare. Its share price has lost more than half its value since the iPhone launched in 2007.

Anssi Vanjoki, Nokia's executive vice president of mobile solutions, announced his resignation today just days after the company dumped its CEO, Olli-Pekka Kallasvuo, for Microsoft executive Stephen Elop.

Further, Nokia's chairman, Jorma Ollila, may step down from the board after the company's general meeting in 2012, The New York Times reported.

The news comes as Nokia prepares to host Nokia World on September 14-15 in London. Kallasuvo and Vanjoki were slated to give opening keynotes at the event.

Vanjoki's abrupt resignation is curious given he only started in the job in July this year and vowed in a blog post at the time to "fightback" and ensure Nokia remained on top of the smartphone market.

"I am committed, perhaps even obsessed, with getting Nokia back to being number one in high-end devices," he wrote at the time.

In a statement released today Vanjoki, who will serve a notice period of six months before departing, did not comment on why he was leaving other than to say "the time has come to seek new opportunities in my life".

"At the same time, I am 100% committed to doing my best for Nokia until my very last working day," he said.

Elop, who was previously head of Microsoft's business software devision, is the first non-Finn to lead Nokia. He starts in the position on September 21.

The purge of Nokia's executive ranks is an apparent acknowledgment that the company has gone off track in recent years.

It comes on the heels of a Gartner report forecasting that Android would be the second largest mobile platform this year, before finally overtaking Nokia's Symbian for the number one spot in 2014.

In Australia, Apple's iPhone is on the verge of overtaking Nokia in smartphone sales this year, according to research firm IDC.

The Symbian platform is older than both Android and the iPhone OS, and falls behind in a few key areas including user interface and apps. It wasn't designed from the ground up to be a touch screen interface.

Nokia will now be under significant pressure to unveil a change of direction and exciting new handsets at Nokia World this week.

Several analysts, including most recently Merrill Lynch, have predicted Nokia's upcoming N8 handset will give it a much-needed leg-up in the high-end smartphone space. Others have said Nokia should dump the Symbian platform and adopt Google's Android, which Motorola has done to strong effect this year.

The N8, which will be on sale in the coming weeks, is an entertainment-oriented smartphone with a 3.5-inch touchscreen (640x360 resolution), a 12-megapixel camera, the ability to shoot 720p high definition videos and 16GB of onboard memory, which can be expanded by an extra 32GB using the memory card slot.

The N8 supports Adobe Flash and multitasking. It includes an HDMI output for hooking it up to a flatscreen TV set and is capable of outputting Dolby Digital Plus Surround Sound.

Asher Moses travelled to London as a guest of Nokia.
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Ash007

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Nokia has never been about "innovation". They have always been about the cheapest, most reliable phones around. Having said that, I'm still using my 8800 from 2005. Nice solid phone that just doesn't die.
 

Rogue Trader

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No problem lah. At least Nokia can always go back to their original business of cutting timber wood in the Finnish forrests. ha ha ha

Companies come and go - Pan Am, Atari, AT&T were all 80s household names like microsoft and pepsi. Tech companies in particular are like comets - a passing bright flash that only leaves a luminous trail behind. How many people remember Wang Computers today?
 

johnny333

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I still have an old basic Nokia phone somewhere in storage. Bought it after loosing 2 expensive Sony Ericsson phones. As phones go, it was a reliable phone.

Apple has changed the expectations of what people expect from phones. Nokia obviously failed to adjust to the market.
 

johnny333

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How many people remember Wang Computers today?

Doubt anyone is old enough to remembers the Wang brand :smile:

A better example is the more recent DEC(Digital Equipment) which was a very big company. Many in Spore must remember them as they had many offices in Spore offering their expensive services & computers.

Or anyone still remember Compaq which at one time was a large computer brand but now owned by HP?

When you consider that Apple is one of the old guys of the computer age & still doing so well, its pretty amazing :eek:
 

johnny333

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The telecoms industry is fast paced and expensive. That's why big corporations like GE refuse to touch anything in that business ten years ago, even thought it had the cash.

The successful tech companies are run by individuals & not boards.

Even though GE might be a big & successful company, their share prices haven't moved much :rolleyes:
 

Rogue Trader

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When you consider that Apple is one of the old guys of the computer age & still doing so well, its pretty amazing :eek:

Yes. Apple seemed like a lost cause during the 90s when Microsoft was the ubiquitous OS. Today Apple has not only carved out market share in the PC market (made up of a super loyal fanboys like Sam leong). it has also revolutionalised the smartphone scene.

Kudos to Steve Jobs the acid dropping hippee for all that.
 

Ash007

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When you consider that Apple is one of the old guys of the computer age & still doing so well, its pretty amazing :eek:

I always tell people that Apple is the last "traditional" computer brand that offers a full package from Hardware to Software. It used to be every other Tom, Dick and Harry computer brand does that, till Microsoft came along.
 

Rogue Trader

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The successful tech companies are run by individuals & not boards.

That is an excellent point. A board might not have the risk appetite. Only an autocratic company can focus on a single direction to take and risk everything. Thanks for pointing that fact out!

Even though GE might be a big & successful company, their share prices haven't moved much :rolleyes:

GE is intended to be a safe stock with good dividends. They are not meant to cheong. Their portfolio of industries is quite spread out to maintain their earning cycle. But in general, they usually shun the high tech industry. They are(were?) the kind of stock you want to hold for 10-20 years.

Now after Welch left in 2001, they went overboard with cost cutting and now their operations is affected. Too much outsourcing to ah nehs. Then their favourite money spinner GE Capital got in trouble in the sub prime crisis......
 

eatshitndie

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He might have started as a hippy but that idealism has long been replaced by SJ the businessman & CEO of the 2nd largest company :smile: (1st place is held by Chevron)

largest company by market cap is exxon mobil in 2q10. 2nd is petrochina and 3rd is apple. 3q results are not out yet.
 

johnny333

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largest company by market cap is exxon mobil in 2q10. 2nd is petrochina and 3rd is apple. 3q results are not out yet.

My mistake its Exxon & not Chevron.

I should have qualified that Apple was 2nd in the ranking of US companies . I don't think petrochina is a US company:confused:

And the share market prices is yoyoing these days.
 

gbomega

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Nokia will okay if they got their software right and move fast enough because Symbian OS is not made for touch screen. The N8 may not be the one to turn table though but its 12 MP camera and xenon flash may be a buying factor for geeks.

SE, Samsung lost phone signal in Tuas area while Nokia had full bars. They seems to have good signal most of the time. As for Apple it may not be sustainable if she keeps closing its iOS just like Mac OS days. It went up and then down all the way till OS X was more open software and hardware wise.
 
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