Monday, March 12, 2012

Nokia SEC Filing Highlights €1.4 Billion Loss in 2011

Nokia SEC Filing Highlights €1.4 Billion Loss in 2011

Handsets FAIL TO PERFORM!!!


Wait, I thought Windows Phone would SAVE Nokia?!!? Even putting in a MSFT Puppet Master.




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The attached negative figure did not help subdue critiques on Stephen Elop’s bold move to switch the flagship smartphone platform from Nokia’s Symbian OS to Microsoft’s Windows Phone 7 on his first year as CEO.
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The decision to endorse the Windows Phone 7 mobile operating system for Nokia’s smartphone lineup apparently fell short of expectations and lost spark to put the firm into action against major OEM rivals in that market.
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Analysts and managers who monitor the company’s performance have varying opinions, especially when Nokia’s graphs are not following the right path.
The critical issue Nokia now faces is that its latest handsets are not faring well against rival smartphone makers, which translates to no quick reprieve from its dull sales figures that continuously hamper it in recent years.

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Microsoft, Your Grandfather's Software Company