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Posts Tagged ‘Stephen Elop’

Nokia posts huge $1.7 billion Q1 loss; sales boss resigns as smartphone sales plummet 50%

Thursday, April 19th, 2012

Nokia warned that its first-quarter earnings would be weak, and the numbers are now in. Revenue declined 30% to €7.4 billion, or $9.7 billion USD last quarter, down from €10.4 billion, or $13.6 billion in the same quarter last year. The company posted a massive €1.3 billion loss, or $1.7 billion USD, which breaks down to a loss of €0.25 per share. Smartphone sales plummeted 52% to 1.7 billion units in the first quarter, and net device sales dropped 40% to 4.2 billion units. Read on for more.

“We are navigating through a significant company transition in an industry environment that continues to evolve and shift quickly,” Nokia CEO Stephen Elop said. “Over the last year we have made progress on our new strategy, but we have faced greater than expected competitive challenges. We have launched four Lumia devices ahead of schedule to encouraging awards and popular acclaim. The actual sales results have been mixed. We exceeded expectations in markets including the United States, but establishing momentum in certain markets including the UK has been more challenging.”

Nokia confirmed earlier this month that it sold 2 million Lumia Windows Phones in the first quarter, and it said on Wednesday that sales of its Lumia 900 smartphone at AT&T have been “encouraging” thus far. The Lumia 900 launched on April 8th, so sales are not reflected in Nokia’s first-quarter report.

The company confirmed in a separate statement that Colin Giles, executive vice president of sales, has resigned.

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Lumia 800C unveiled as Nokia’s first Windows Phone for China

Wednesday, March 28th, 2012

Nokia on Wednesday unveiled its first Windows Phone for the Chinese market, the Lumia 800C. The handset is slated to launch in April exclusively on China Telecom. “We’re excited to introduce our first Lumia smartphone, the Nokia 800C, to this important market with our exclusive launch partner, China Telecom. Working closely together, we’ve created a compelling, locally relevant experience on the Nokia 800C especially tailored for people in China,” Nokia CEO Stephen Elop said. The Lumia 800c features a 3.7-inch AMOLED ClearBlack curved display, with a 1.4 GHz single-core processor, hardware acceleration and a separate processor for graphics. The device is also equipped with an 8-megapixel Carl Zeiss camera and 16GB of internal storage, and it will be available in cyan or black. The Lumia 800C will be offered without a contract for 3599 Chinese yuan, equal to roughly $570. Nokia’s press release can be found after the break.

China Telecom and Nokia launch first CDMA Windows Phone in China

Stunning new Lumia smartphone, Nokia 800C, makes everyday moments extraordinary for China Telecom subscribers

Beijing, China – Today China Telecom and Nokia announced the Nokia 800C, the first CDMA Windows Phone in China and Nokia’s first Lumia phone for the world’s largest smartphone market. The Nokia 800C combines head-turning design and the fastest way to connect to the people, places and things that matter most, in an experience uniquely tailored for people in China on the country’s leading 3G network.

“We’re excited to introduce our first Lumia smartphone, the Nokia 800C, to this important market with our exclusive launch partner, China Telecom. Working closely together, we’ve created a compelling, locally relevant experience on the Nokia 800C especially tailored for people in China,” said Stephen Elop, CEO of Nokia.

Wang Xiaochu, Chairman of China Telecom, expressed his enthusiasm for Nokia Lumia: “This grand launch for China’s first CDMA Windows Phone represents our optimism and excitement for the future of Windows Phone and Nokia Lumia in China.”

The partnership between China Telecom and Nokia extends beyond the Nokia 800C with the addition of Nokia’s most affordable Lumia smartphone, the Nokia Lumia 610 also arriving in a CDMA variant to China Telecom’s portfolio in Q2 2012. The Nokia 610C is targeted at a more youthful audience and provides a perfect introduction to Windows Phone with access to the same core signature experiences as the rest of the Lumia range in a package optimized for quality.

Nokia 800C

The Nokia 800C makes it easy to stay in touch with the people that matter most, get instant access to the Web and all the top applications in the Windows Phone Marketplace. Offered by China Telecom in black and cyan, the Nokia 800C features a reduced body design flowing seamlessly into the 3.7″ AMOLED ClearBlack curved touchscreen display. With a 1.4 GHz processor, hardware acceleration and a separate graphics processor, it also features an instant-share 8 Mpx camera with exclusive Carl Zeiss optics, HD video playback, 16GB of internal user memory and SkyDrive storage for accessing pictures and files from anywhere.

The Nokia 800C brings signature Nokia experiences optimized for Windows Phone and available only on Lumia:

- Nokia Maps, providing quick-access, superior, three-dimensional maps in China and over 190 countries worldwide, as well as the ability to discover the top places nearby with local content support from Fantong, Jiepang, Ctrip, Qunar and Soufun. People can easily click on the places to see photos, recommendations and information and quickly dial restaurants to make a reservation.
- Nokia Drive, which delivers a full-fledged personal navigation device with free, voice-guided, turn-by-turn navigation for over 100 countries including China, a dedicated in-car user-interface, free offline navigation and speed notifications.

- Nokia Music which offers a single hub experience for discovering the latest music, including unlimited free music for 12 months for consumers in mainland China. It also includes MixRadio, a free, global, mobile music-streaming application that delivers hundreds of channels of locally-relevant music, including the ability to listen to music offline and build personalized mixes for listening to favourite music from any location.

Exclusive applications and services for a uniquely local experience
China Telecom and Nokia have worked closely together to bring integrated China Telecom services that target young people including music, games, videos, and integrated reading apps right onto the Nokia 800C home screen. To reach this target market, the Nokia 800C will be featured prominently in Tianyi FlyYoung shops, a distribution arm and new, youth-centered sub-brand of China Telecom.

People purchasing Nokia Lumia smartphones in China will have access to exclusive applications such as magazines from Trends and special offers for free downloads of popular gaming titles such as Fruit Ninja and PVZ.

- Trends, a provider of highly interactive fashion magazine applications, will launch Cosmopolitan first forNokia Lumia smartphones and provide people using a Nokia Lumia phone with free access to For Him Magazine (FHM), Harper’s Bazaar and Esquire magazines in Marketplace, opening today.

- As an added incentive for people using a Nokia Lumia smartphone in China, Nokia will soon offer 100,000 free downloads of the hit gaming titles Fruit Ninja and PVZ through the Nokia Collection in Marketplace.

Nokia and Microsoft also announced the Be Top program, which is designed to encourage and support developers in creating great new applications on Windows Phone specifically for people in China.

These exciting offers and the BeTop development program illustrate Nokia’s commitment to the local ecosystem of application developers and service providers. Through joint innovation with leading local providers, Nokia is able to offer Lumia users access to all major Internet services in China including Sina, SOHU, Tencent and Renren. When paired with the choice of nearly 20,000 apps available for download through Marketplace, people using a Nokia Lumia smartphone in China can create a truly personalized and locally relevant experience on their device.

Availability and Pricing
The Nokia 800C will be available for purchase in April through Tianyi FlyYoung shops, a distribution channel of China Telecom; Nokia brand stores; China’s top chain electronics stores including Suning, Gome, Funtalk, D.Phone, and CentreYou, as well as regional channels and online shops such as 189.cn and hicdma.com. The Nokia 800C is offered without contract for 3599 RMB.

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MeeGo gets a stay of execution? Two new Nokia MeeGo phones reportedly in the works

Wednesday, March 28th, 2012

Nokia CEO Stephen Elop had several tough decisions to make when he came on board and replaced former chief executive Olli-Pekka Kallasvuo. Of course the biggest shift for Elop’s Nokia came in mid-February last year when the company confirmed that the burning platform had scorched MeeGo, and Nokia planned to dump its Linux-based mobile operating system for Microsoft’s Windows Phone OS. Nokia still went on to launch the N9, and it was widely believed that the handset would be the only MeeGo device from Nokia to ever see the light of day. According to a recent report, however, the Finnish vendor may have new MeeGo devices works.

Nokia currently has two entry-level MeeGo smartphones in development according to a recent report from Netbooknews.com. The site claims to have learned of the unannounced handsets “directly from Nokia’s Next Billion Group,” which is focused on bringing affordable smartphones to emerging markets. No other details surrounding the supposed devices were provided.

The move would be a curious one at best. Nokia is committed to Microsoft’s Windows Phone platform for high-end and mid-range devices, and BGR revealed exclusive details last year about a secret proprietary operating system Nokia has in development that will address emerging markets. The vendor also acquired cell phone operating system developer Smarterphone AS earlier this year in a move thought to be tied to the development of Nokia’s secret OS.

A Nokia spokesperson declined to comment.

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Microsoft to release Windows Phone 7.5 in China on March 21st

Thursday, March 15th, 2012

Microsoft on Wednesday began sending out invitations to the press for the company’s Windows Phone 7.5 Refresh launch event in China. According to Liveside, the event will be held in Beijing on March 21st. While the invitation doesn’t mention any specific handsets, HTC recently launched the Titan — becoming the first manufacturer to release a Window Phone device in China. Nokia CEO and president Stephen Elop will also reportedly host a separate event on March 28th. The company is expected to launch three Lumia devices, most likely running the refreshed Windows Phone 7.5 operating system. As of the fourth quarter of 2011, Nokia controls 16.1% of the Chinese mobile market, second only to Samsung.

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Nokia Windows Phones won’t hit U.S. shores until early 2012

Thursday, October 27th, 2011

Nokia’s CEO Stephen Elop took the stage at Nokia World on Tuesday and unveiled the Nokia Lumia 800 and Lumia 710, the company’s first Windows Phone devices. Unfortunately, however, the Finnish phone maker said neither phone will land in the United States this year. Instead, U.S. residents will have to wait until “early 2012″ for Nokia to introduce a “portfolio of products” for the U.S. The comments don’t completely rule out the possibility that we’ll see a version of the Lumia 800 device for the U.S., but it is a bit disappointing to learn Nokia won’t have a Windows Phone option here in time for the holiday shopping season. In addition, Elop confirmed Nokia will launch CDMA and LTE devices for “specific local market requirements.” An LTE Nokia Windows Phone? Perhaps that justifies the wait after all.

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Nokia to unveil multiple Windows Phones this year

Tuesday, October 4th, 2011

Nokia has reportedly confirmed that it will introduce multiple Windows Phone handsets this year, rather than just one model as had been rumored previously. Speaking with Reuters, Nokia chief executive Stephen Elop said that the company will introduce multiple Windows Phone-powered products this quarter as the company begins a new chapter in its storied history. Nokia announced earlier this year that it would move away from Symbian and MeeGo, and instead build smartphones based on Microsoft’s Windows Phone platform. ”Our belief is that there is a clear opportunity for an alternative ecosystem,” Elop told Reuters just ahead of Apple’s iPhone unveiling on Tuesday. Nokia is expected to introduce its first Windows Phone devices later this month at its annual Nokia World event in London.

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Nokia cuts 3,500 more jobs

Thursday, September 29th, 2011

Nokia announced on Thursday that it will “continue to align its workforce and operations” by reducing its headcount by roughly 3,500 workers. This new round of personnel reductions is in addition to earlier cuts announced this past April, and it will take effect by the end of next year. Approximately 2,200 of the laid off workers will come from the closure of Nokia’s factory in Cluj, Romania, which began operations in 2008, and another 1,300 cuts will take place within the company’s Location & Commerce unit. “We are seeing solid progress against our strategy, and with these planned changes we will emerge as a more dynamic, nimble and efficient challenger,” Nokia CEO Stephen Elop said in a statement. “We must take painful, yet necessary, steps to align our workforce and operations with our path forward.” Nokia’s full press release follows below.

Nokia continues to align its workforce and operations

Published September 29, 2011

Next phase of changes to improve efficiencies in manufacturing, Location & Commerce, and supporting functions

Nokia Corporation
Stock exchange release
September 29, 2011 at 10.00 (CET+1)

Espoo, Finland – Nokia today announced plans to take additional actions to align its workforce and operations. The measures support both the execution of the company’s strategy and the savings target the company announced earlier this year, and also target to bring efficiencies and speed to the organization.

Earlier this year, Nokia announced changes primarily focused on aligning its R&D operations in Smart Devices and Mobile Phones. Today, the company announced the next phase of operational alignment, which includes plans for reductions in manufacturing, the Location & Commerce business, and supporting functions.

Nokia plans to adjust its manufacturing capacity and renew its manufacturing operations to better serve its global network of customers, partners and suppliers in the following manner:

- Focus its feature phone manufacturing on those locations with optimal proximity to suppliers and key markets. As a result, Nokia plans to close its manufacturing facility in Cluj, Romania by the end of 2011, as Nokia’s high-volume Asian factories provide greater scale and proximity benefits.

- Review the long-term role of its manufacturing operations in Salo, Finland, Komarom, Hungary, and Reynosa, Mexico. These factories are expected to continue to play a key role in serving European and North American smartphone customers, but the plan is to gradually shift their focus to customer and market-specific software and sales package customization. It is estimated this would have an impact on the number of personnel in 2012, with no impact in 2011. Nokia will engage in discussions with employee representatives and stakeholders in these sites, and expects to have more visibility into the possible headcount impacts in the first quarter of 2012.

Nokia previously announced its plans to create a Location & Commerce business consolidating location assets including NAVTEQ and Nokia’s social location services operations. As part of consolidating this business, Nokia has identified potential synergies and opportunities to increase effectiveness through automation. Location & Commerce is responsible for driving the delivery of the world’s best digital mapping content, location platform and social-location experiences. Nokia plans to concentrate its Location & Commerce development efforts in Berlin, Boston, Chicago and other supporting sites, and plans to close its operations in Bonn, Germany and Malvern, US.

Nokia is also starting consultations with employees in Sales, Marketing and Corporate Functions, in line with Nokia’s earlier announcement on April 27, 2011.

“We are seeing solid progress against our strategy, and with these planned changes we will emerge as a more dynamic, nimble and efficient challenger,” said Stephen Elop, Nokia President and CEO. “We must take painful, yet necessary, steps to align our workforce and operations with our path forward.”

“Europe is core to Nokia’s future. In addition to our headquarters, we have a strong R&D presence in Europe. We have four major R&D sites in Finland and two major R&D sites in Germany, as well as Nokia Research Centers and other supporting R&D sites in Europe. Nokia also retains a strong local presence in our many sales offices throughout this region, as well as our operations in Salo and Komarom,” said Elop.

The planned closure of the Cluj factory combined with adjustments to supply chain operations is estimated to impact approximately 2,200 employees. The planned changes in the Location & Commerce business are estimated to impact approximately 1,300 employees. These personnel reductions are in addition to the measures announced in April and are expected to take effect by the end of 2012.

In line with the company values, Nokia will offer employees affected by the planned reductions a comprehensive support program. Nokia remains committed to supporting its employees and the local communities through this difficult change.

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Henry Tirri appointed CTO of Nokia, permanently replacing Rich Green

Thursday, September 22nd, 2011

Not much of a surprise here, but today it finally becomes official: Henry Tirri has been appointed CTO of Nokia, nearly four months after assuming the position on a temporary basis. Tirri, who joined the company in 2004 and previously served as head of its research center, will permanently replace former CTO Rich Green, who took an indefinite leave of absence from Espoo back in June, citing “personal reasons.” At the time, some local media outlets reported that Green’s absence would be permanent, due to disagreements over CEO Stephen Elop’s smartphone OS strategy. Reportedly a one-time Meego advocate, Green will now return to the US to “pursue new opportunities” and, as of today, is no longer a member of the Nokia Leadership Team. Tirri, meanwhile, will be responsible for designing “Nokia’s technology agenda both now and in the future, and driving core innovation to enable business development opportunities.” We’ll have to wait and see where that path leads, but you can find more details about the appointment in the full press release, after the break.

Continue reading Henry Tirri appointed CTO of Nokia, permanently replacing Rich Green

Henry Tirri appointed CTO of Nokia, permanently replacing Rich Green originally appeared on Engadget on Thu, 22 Sep 2011 05:13:00 EDT. Please see our terms for use of feeds.

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Ballmer: Windows Phones aren’t selling very well, but we’re not worried

Thursday, September 15th, 2011

Microsoft’s Steve Ballmer was his usual frank self when he met financial analysts yesterday, admitting that the world isn’t yet as keen on Windows Phone as he’d hoped. To be precise, AllThingsD reported him as saying: “We haven’t sold quite as many as I would have liked in the first year.” His cunning plan? Well, that’s easy: make it all Nokia’s problem. Or, as he put it: “With Nokia we have a dedicated hardware partner that is all-in on Windows Phones.” Indeed, the Finnish manufacturer has now staked far more than Microsoft on the success of this “third ecosystem” and, if its imminent Mango handsets fail to turn things around, we may eventually see Stephen Elop standing behind that silent cash register.

Ballmer: Windows Phones aren’t selling very well, but we’re not worried originally appeared on Engadget on Thu, 15 Sep 2011 06:05:00 EDT. Please see our terms for use of feeds.

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RBC raises Nokia outlook for Q3: ‘Not as dire as feared’

Friday, August 26th, 2011

Nokia’s situation may not be quite as “dire” as initially anticipated according to RBC Capital Markets analyst Mark Sue. Despite Nokia’s rough second-quarter earnings, which were called “clearly disappointing” by Nokia CEO Stephen Elop, Sue sees Nokia in a better position than most. In a note to investors on Friday, the analyst reiterated his Outperform rating on Nokia stock and set a price target of $9. Sue increased his third-quarter unit shipment estimate to 100 million devices from his earlier estimate of 89 million, noting that sales of Nokia’s Symbian devices will likely not drop off as rapidly as had been expected. ”Nokia may be seeing better trends for its dual-SIM devices and less of a decline in its traditional Symbian devices than originally expected,” Sue wrote. “Feedback on Nokia’s new Windows device may be encouraging and we expect Nokia to launch on schedule before the holiday season.” The analyst expects Nokia to announce its first Windows Phone handset, which he says will be based on the N9, at its annual Nokia World show in late October.

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Nokia CEO wary of Motorola/Google deal, warns Google’s Android partners

Wednesday, August 17th, 2011

Speaking during a seminar in Helsinki, Nokia CEO Stephen Elop gave a gloomy response to Google’s planned $12.5 billion takeover of Motorola Mobility. “If I happened to be someone who was an Android manufacturer or an operator, or anyone with a stake in that environment, I would be picking up my phone and calling certain executives at Google and say ‘I see signs of danger ahead,’” Elop said. “The very first reaction I had was very clearly the importance of the third ecosystem and the importance of the partnership that we announced on February 11, it is more clear than ever,” Elop added, noting Nokia’s recent agreement to launch smartphones running Microsoft’s Windows Phone operating system. HTC, Samsung, LG and Sony Ericsson all voiced support for the merger, which Google’s CEO Larry Page said will help it in its patent battles against Microsoft and Apple.

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New Nokia 500 is a race to the bottom [video]

Monday, August 1st, 2011

While the Daytona 500 kicks off a race to the top each year in the NASCAR Sprint Cup Series, the Nokia 500 is a race to the bottom. Nokia on Monday announced a new Symbian-powered smartphone that will aggressively attack emerging markets and smartphone users on a budget. The €150 ($217) Nokia 500 costs about what most popular smartphones do after subsidies, and it features specs we’re not used to seeing on entry-level devices. Highlights include a 1GHz processor, a 3.2-inch 640 x 360-pixel touchscreen display, a 5-megapixel camera, 2GB of storage and HSPA data. It also weighs just 93 grams, making it the lightest Symbian smartphone to date. As attractive as this handset could be in the low-end market, it begs the question: how long will it be until Nokia can attack young demographics and emerging markets this aggressively with entry-level smartphones powered by Microsoft’s Windows Phone OS? Nokia CEO Stephen Elop has said on numerous occasions that Nokia will be able to push affordable Windows Phones out to market very quickly, but €150 before subsidies is not an easy price point to hit. Nokia did not specify a launch date for the Nokia 500, saying only that it will be available before the end of the year. A pair of videos showcasing the new Nokia 500 follow below.

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Nokia ‘Sea Ray’ Windows Phone spotted in video leak [video]

Tuesday, July 19th, 2011

A second video of Nokia’s “Sea Ray” Windows Phone has been leaked online. We first saw the Sea Ray during a company presentation by Nokia CEO Stephen Elop. In that video, Elop described the “pillow shaped” backing of the “top secret” device and discussed its Gorilla Glass display. The new video leak gives us a full 360-degree tour of the Sea Ray and we’re definitely impressed with what we see so far. The phone has a thin form factor, a large display, and metal accents on the volume controls and around the phone’s camera. If you look close enough it looks like there’s the typical Carl Zeiss branding around the camera lens, too. The videographer even powers on the Sea Ray and gives us a quick tour of Windows Phone Mango running on the device. Hit the jump for the video.

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Nokia’s Android flirtations revealed

Friday, June 24th, 2011

We don’t know if this device is “super confidential” or not, but we’ve just come across yet another Nokia N9 lookalike with a non-MeeGo operating system on board. Well, it looks that way, anyhow. There’s no way to verify that the Android homescreen we see above is a legitimate Gingerbread installation and not a mere screenshot (the resolution looks all wrong, for one thing), but the source of this image is the same Chinese fellow that posted a picture of Nokia’s Windows Phone prototype, the Sea Ray, way back in May, so we’re inclined to believe he’s got an inside line on these things. Additionally, the undersized Android UI elements on the screen actually encourage us to believe that this is indeed a Nokia testing device — if we were going to fake something like this, we’d use a regular screen grab for our tomfoolery — and Stephen Elop has openly admitted that Nokia spent a couple of wild seconds contemplating a switch to Android. Well, folks, here’s what that alternate future might have looked like.

Continue reading Nokia’s Android flirtations revealed

Nokia’s Android flirtations revealed originally appeared on Engadget on Fri, 24 Jun 2011 03:58:00 EDT. Please see our terms for use of feeds.

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Nokia’s Separation Anxiety,Visualized [Video]

Tuesday, June 21st, 2011
How do you solve a problem like Nokia? The company has been foundering for years, and at this point may have taken on more water than newish CEO Stephen Elop CEO can bail. But how did a company that once defined the mobile industry fall so far behind? It might be more a matter of distance than ideas. More »


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Nokia’s N9 official: a luscious slab of MeeGo coming later this year

Monday, June 20th, 2011

Stephen Elop said that Nokia would unveil its first MeeGo device this year, and he just made good on his word with the N9 (also known as Lankku). Just as we spotted earlier, the N9 is a solid slab of 3.9-inch AMOLED screen (854 x 480) sans a keyboard or physical switches of any kind (well, aside from that oh-so-necessary volume rocker and camera button). The phone comes with 16GB or 64GB of onboard memory and 1GB of RAM wrapped in a polycarbonate shell that is colored all the way through, so dings and scratches won’t show — unless the wounds run deep, of course. Connectivity comes courtesy of quad-band GSM and penta-band WCDMA radios, plus Bluetooth 2.1, NFC, and GPS. There is also a dedicated camera button for the 8 megapixel wide-angle shooter, which is capable of aperture F2.2 for low light picture taking and true 16:9 720p video recording.

The entire thing measures 116.45- x 61.2- x 7.6-12.1mm and weighs 135 grams, with a battery capable of lasting up to 50 hours (music), 4.5 hours (720p video), or between seven and 11 hours (GSM yappin’). You’ll also get gratis turn-by-turn drive and walk navigation with voice guidance in Maps, a dedicated Drive app, proximity sensor and a choice of hue: black, cyan, and magenta. Other hardware specs include 802.11a/b/g/n WiFi, an ambient light sensor, compass, orientation sensor, a micro SIM slot, tethering support and a 3.5mm “AV connector.” It’ll be humming along on MeeGo 1.2 Harmattan, with apps being compliant with Qt 4.7 and HTML5 support bundled in.

As for software? Aside from Angry Birds Magic, Galaxy on Fire 2, Real Golf 2011 and OpenGL ES 2.0, those who take the plunge will be greeted with a Webkit2-based browser, pinch-to-zoom support, unified notifcations for Facebook, Twitter and RSS feeds in the Events view as well as social networking profiles and status updates merged into phone contacts. MeeGo touts a user interface simplified to three home views — events, applications and open apps — with a swipe gesture able to take you back to the home view. For those looking to expand upon what’s loaded from the factory, Ovi Store access is included, but we’ve no idea what kind of pricing will be affixed.

Continue reading Nokia’s N9 official: a luscious slab of MeeGo coming later this year

Nokia’s N9 official: a luscious slab of MeeGo coming later this year originally appeared on Engadget on Mon, 20 Jun 2011 23:41:00 EDT. Please see our terms for use of feeds.

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Nokia: Apple is a Closed Box, But "Google’s Open Box Still Has Flaps, and We Don’t Know What Those Flaps Will Do" [Block Quote]

Thursday, June 9th, 2011

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