Friday, January 28, 2011

Nokia Profit Falls 21% as Its Rivals Gain -

I wouldn’t be surprised to see Nokia unveil new devices for both Android and Windows Phone

“Nokia faces some significant challenges in our competitiveness and our execution,” Mr. Elop said. “In short, the industry changed, and now it’s time for Nokia to change faster.”

The candid assessment from Mr. Elop, a Canadian who is the first non-Finn to run Nokia, raised expectations that he would be announcing major changes in how Nokia does business. The announcement could come at an investor conference in London on Feb. 11, when he is planning to discuss Nokia’s “strategy and objectives going forward.”

Some analysts are expecting Nokia to drop its Symbian mobile operating system, seen by some as a major cause of its problems, for systems made by Google or Microsoft. Malik Kamal-Saadi, an analyst at Informa Telecoms in London, said Nokia should discard Symbian for either Microsoft’s Windows 7 Mobile or for Google’s Android operating systems.

Nokia Profit Falls 21% as Its Rivals Gain -

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