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Investors to Nokia: Switch to Another Road

May 7, 2013, 10:47 AM by Eric M. Zeman

Nokia CEO Stephen Elop is in the hot seat with investors and took fire at today's meeting from impatient shareholders who are waiting for the company's fortunes to turn around. Elop announced Nokia's plans to abandon Symbian, which he referred to as a burning platform, in February 2011. Elop decided then that Nokia would use Microsoft's Windows Phone platform for its smartphones moving forward. At the time, he predicted that the turn-around would take two years. That time has come and gone, and Nokia's share of the smartphone market is still grim. "You're a nice guy, and the leadership team is doing its best, but clearly, it's not enough," said shareholder Hannu Virtanen to Elop. "Are you aware that results are what matter? The road to hell is paved with good intentions. Please switch to another road." Elop defended his decision, citing recent traction with its Lumia Windows phones, but also admitted that there's no Plan B. "We make adjustments as we go," said Elop. "But it's very clear to us that in today's war of ecosystems, we've made a very clear decision to focus on Windows Phone with our Lumia product line. And it is with that that we will compete with competitors like Samsung and Android." Nokia has planned a press conference for May 14, during which it is expected to announce new Lumia smartphones.

Reuters »

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freek1989

May 7, 2013, 12:38 PM

no plan b

no plan b nokia really and ou thing this is the road????
to bad for the company i was loyal tooo...
hope it does not sink!!!

arox413

I'm sorry but to put everything into windows was the first sign of bad leadership.

...

kingstu

He said back in 2011, "Plan B is to make sure that Plan A is very successful”. I guess they switched out the "religion of Symbian" to the "religion of Windows Phone" in Nokia.

Vmac39

May 8, 2013, 8:44 PM

don't hold your breath

Nokia and Microsoft have a partnership that Nokia needed more than simply finding an OS to run on it's hardware. While it can be argued that Nokia would have sold more Android devices than they have WP8 devices, would that have been enough to save them?

Look at HTC, Sony and LG. Neither of those companies have sold a large number of Android devices. Hell, Motorola didn't do all the well, when compared to Samsung. Why would Nokia have been any different? All the OEMs have produced some quality hardware, yet, any of them still have yet to match or come close to the kind of sales numbers that would save a sinking ship.

HTC is the only OEM of the ones I've mentioned, that stands the risk of loosing a great deal. The bulk of their business...
(continues)

worldwatcher

Great point!

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tjobrien21

May 7, 2013, 1:09 PM

Android on Nokia hardware would ROCK.

They should do another line with Android as the OS. I mean, what harm would there be, and it could sell like hotcakes. I remember how good my old Nokia phones were back in the day, we could use some smartphones with good radios on the market now!

Jellz

😎

There's room in the market for more than Android and iPhones. There are only two things holding Windows 8 back: a lack of apps, and the bad taste most people have from trying Windows 8 on a desktop/laptop first. It's an amazing smartphone OS, t...
(continues)

...

freek1989

i swicth to that if that ever happen

zataralee

May 7, 2013, 1:12 PM

Competitors

Android isn't a competitor unless you choose to make it one. You always have the option to build a android phone. I would surely by one... Or 10... 😁 .... As a long standing business with share holders financials on the line, why wouldn't you cover as much of the market as you can. Plus I just want one... NOKIA PLEASE BUILD A ANDROID PHONE!

Advancedtechfl

May 7, 2013, 12:53 PM

Plan B.

Android on Nokia's hardware sounds like a good plan to me. I only have windows phone because of Nokia. I would buy it.

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