Nokia 'slow' to react to smartphone changes, says outgoing chair

Nokia 'slow' to react to smartphone changes, says outgoing chair

Nokia was slow off the mark to react to the smartphone revolution but will launch a range of tablets and 'hybrid' devices to turn around its fortunes, its outgoing chairman has claimed.

Jorma Ollila said he was confident Nokia's partnership with Windows was the right strategy to turn the business around. He said: 'Tablets are an important one, so that is being looked into, and there will be different hybrids, different form factors in the future.'

Ollila leaves Nokia this week after 27 years with the company. The manufacturer has had a difficult couple of months, with a profit warning, poor first quarter results and two credit agencies downgrading its credit rating. Last week, Samsung overtook Nokia as the world's largest vendor of handsets.

However, he told the Financial Times he had confidence in CEO Stephen Elop's strategy. He said: 'When you have such strong competitors in the marketplace it will take a bit of time but things are going well. Four years from mid-2008 to today the returns have not been where they should have been. The company saw it and it was broadly accepted but the sofware capability and particularly the platform software knowhow was not there. The competitors were faster, and bringing their solutions to the marketplace faster.'

Written by Mobile Today
Mobile Today


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