Video: 23 minutes with Elop: Nearly going Android, Nokia now moving at fastest speed, on par with any other.
- Elop talks about content changing to suit the new unique mediums. Not just old content from one medium stacked on the new medium
- On “dropping” Symbian and going MS: Symbian is the world’s most successful operating system platform. We have huge reach with that platform….HOWEVER…from analysis we could move faster, reach more customers, generate more value by entering into that partnership with MS/WP (than Symbian) ????????????? I really wanted nitty gritty. Though he possibly couldn’t say downsides of MeeGo/Symbian as it might hurt sales.
- Elops Three Questions to All Nokia Staff – What do you want changing; What don’t you want changing; What do you think I might miss in my analysis
- Nokia would have gone with Android if developers only developed on Android and iPhone. Study showed it was more 2.8-3 platforms.
- Last question is most promising – Elop talks about Nokia’s old slow lumbering ways in decision making. He says that Nokia is now moving faster than ever, and on par with Any other (even Apple). Read it or watch the video to get a better sense than this summary.
Recent stuff on the media describes a man standing on a burning platform – but this is a company that sells 111 million handsets last year? Last QUARTER. That doesn’t sound like much of a burning platform to me.
Let’s start of with the big vision – trying to work with how content fits with the mobility story and how ultimately we see what we get on our handsets change and evolve – where are we going at the moment.
That’s a great question. I think what’s important to recognize – in the mobility journey, we are in the very beginning. It has just begun. So its helpful to look back historically when we have gone through similar fundamental transitions in the mediums that are being used to serve content.
E.G. radio to TV – what we saw was radio programmes but people talking. Only with a period of time TV showing unique capabilities, expression, non verbal cues, things that didn’t work in radio but unique in TV. See this pattern, the same thing moving from on stage plays to very first movie production. Very much taking old content on new platform without innovation.
If you think about mobility today, in most cases, you see content, you see media, you see applications which are re-purposing the things which have traditionally been done either classic media environments (tv/radio so forth) even on old internet as we know it. What we really have to think about is what are the unique properties of mobility that change how we interact, create, participate with content. e.g. that mobile device in every pocket, knows where you are, what you’ve been doing a while, sensors in acceleration, around photography – content in the future of mobility will change rapidly because of the unique capabilities of mobility.
e.g. foursquare. WE’re just in very early days of that.
Can you describe some of the trendsyou’re seeing in content, social networking where it’s involving handsets and use of tech you create.
Same theme I’ve discribed works in this area as well where the application, e.g. facebook on many mobile platforms – we’re just beginning to see implementation of places where location is important. But the trend extends well beyond that. One of the unique attributes of mobility is that it empowers billions of people to more actively take content (receive) and create it. Nokia is in one of the most unique position because of market reach. So much of our business is in emerging markets, China, INdia, I’m visiting here in the middle east and Africa. People are having their first digital experience – never mind internet, tv, telephone – the very first experience with techonolgoy is the mobile phone. So as it relates with social media it’s things in developed markets, we’re changing people’s lives, as through a bit of social interaction – disposable interaction goes up 50c a week. Those types of patterns are fundamentally going to change the economics of the world and the livelihood of many people.
In my world, analysts have been looking at Nokia, scratching their heads and looked at the dominance you have at the low end and say “it’s a liabilty – the company hasn’t moved upscaled quickly enough”. From what you are saying it’s like there’s a way you can use that install base of customers in emerging world that have perhaps less sophisticated handsets to move them along that you can generate revenue and provide opportunity for content creators. How do you turn what financial communities sees in risk in owming your stock into a virtue.
I think the financial community as we have gone through our recent strategy announcements have come to recognize that a key aspect of our strategy (we have three pillars) the second pillar of our strategy is increase investment in the next billion. Helping people in these emerging markets have that first experience.
The reasons for that is quite simple. It’s good for business – it’s a very profitable and growing aspect of our business. So from a business perspective it makes a great deal of sense. If you think about what’s happening in the industry those early first adopters of technology are the people who are going to be using devices that are just a bit further up the price scale with a bit more technogly . So as smartphone technology comes down the price curve, what we expect to see is some of those early adopters even at the very low end, we can help them cross that divide.
Clearly we want people engaged in the Nokia Experience accross what ever point they find themselves in the economic continuum. So we see it as a critically important part of our business. I think people have come to understand the relationships of those markets.
The dynamics are different – in the low end of pricing portfolio – it’s about massive volumes, supply efficiency and delivering great services that attract consumers.
Some of the people in this room will probably be creators of content whether that’s news material, movies, or something else entirely around social networking. What opportunities are there in the world that you’re describing as a handset maker.
I think a couple of things – first of all, it is the case that as we, along with some of the partnerships we announced like with Microsoft, as we establish this sense of an ecosystem, of the ability of taking content, application, what ever it may be, widely available to markets around the world – for a content creator sitting in NA, Europe, Kenya, India, whatever the case may be the potential for a global market delivered – so that content can be distributed, enjoyed, monetized, that oportunity is blossoming.
That is part of the rationale of our strategic decisions as we saw an opportunity to take our strength particularly in broad world markets (not so much in North American markets – clearly an area of continued focus) but there’s broad footprints we have that for content creators that we can present a market place that reaches corners of the world people can’t even imagine.
As I travel the world, even in the last week visiting places like Moscow or here, you realise the reach and penetration we have is UNPARALELLED. If we can bring that reach to content creators, we create a whole new opportunity for them to improve their business and financial outlook.
You brought up the Microsoft deal – there are still doubters and sceptics in the field who say “Why would Nokia walk away from a platform that has worked so well (Symbian) and adopt the Microsoft alternative which has less penetration in the market palce. How does that fit in to the three pillars that you have described.
Some of the fundamental reason for the strategy we annouced is that the world has changed. The dynamics of the world has changed as I described from a battle of devices to a war of ecosystem. And we recognize the need to bring the best hardware, software and services capabilities we had together with the corresponding elements from microsoft that would change the dynamics of the industry. We clearly recognize that Apple has a certain degree of strength and is well respected, and there’s this android phenomena that is growing. You can see the numbers and so forth.
You see the whole market pivoting. We said from a leadership position, it was time to exert a leadership point of view in terms of how to proceed and how to proceed rapidly. Our assessment was that that could most effectively be done through a partnership with Microsoft. And that’s therefore what we announed.
When you look at that in regards to your question – Symbian is the world’s most successful operating system platform. We have huge reach with that platform. And yet at the same time with our assessment, we could move faster, reach more customers, generate more value by entering into that partnership. That’s why we’ve begun that transition. (This sounds rather ridiculous to me.)
OK, well let’s open up the conversation…(Q&A time):
How do you see the future of satellite to mobile?
Hmm..that’s an interesting question. Because in a variety of markets, there are satellite related specturm (in India/North America) where satellite available spetrum is being leveraged to give new operators to participate in the market. I think it’s too early to say whether fundametally satellite has enough critical mass in terms of incremental reach to make a difference.
I say this because today 80% of the population is within cellphone reach – close enough to a tower to get signal. Only 20% of the world’s population has had internet experience. There’s a big gulf there. Question is – does satellite help you extend beyond or are there enough high paying customers to allow into reach into regions where cellphones will never go. I think the jury is very much out on that. Through our own work and with NSN – it’s early days for that.
You’ve changed recently from long time working for an American company to a company in the far North of Europe. I’ve been wondering – the cultural experience between working with a company like Microsoft to working with Nokia – how difficult was it for you coming from a different type of company, different geographical area and different “ethnic” background to integrate into a new company.
Very, very good question. One other part of the story that’s relevant is that while I’ve worked for an American company for many years, I’ve grown up in the far North of North America as well. That’s actually not insignificant in my personal journey, because it is the case that as a Canadian going to Finland with American experience creates some different dynamics.
A couple of things observed though; there are certain elements of the culture in the technology that transcend every country, every culture that exists. And that is, LOVE of great products, of innovation of engineering dscipline, the passion for the creation of great experience and that’s as much the same at Nokia as it was at Microsoft and other places where I’ve had the opportunity to function (man he’s got a good way with words. Like a politician)
Now at the same time, from a cultural perspective, as I was considering joining Nokia I looked about the research that talked about the different cultures of the world and which cultures were clsoe and which ones were further apart – country by country of many countries on the planet. Interestingly enough, two countries shown the most similar – FINLAND AND CANADA. Side by side on a graphical representation of the cultures of the world. And there’s a lot of reasons for that. Part of the reason for that is that it’s cold and dark for a lot of the year. Sun appearing again in Finland lifts all of our spirits. But it’s also the case that from a geographic perspective – growing up in the shaddow of large neighbours – Russia/USA – all of these thigns tend to affect the culture,so there are many similarities.
Coming into Nokia, the Nokia organization and indeed the people of Finland who care deeply about Nokia have been remarbly welcoming. There was a sense of clear recognition that there was change required, there were some issues that need to be addressed and having someone to help through that is something people have appreciated. Some of the decisions we are making are very hard for employees, have negative impact on their lives and their families. The degree of support I have received all the way through has made it a much smoother transition than I had anticipated before joining.
You mentioned earlier regarding content – you wanted to monetize content from NA, Canada, europe and the rest of the world. What about content produced in rest of the world whether it’s local markets or international markets – especially when we look from a social responsibility for your consumers regarding growth of entries. The last thing, catering for international audience – localization – local markets interested in local production not just north american production.
Absolutely. Very good question. WE happen to use the example of a developer in a developed world having developed market. But if you look at just raw numbers of content creators, there are far more in those emerging markets than there are in those American markets. You can imagine the shift of content, moving out of emerging markets into rest of the world. That’s part of what we’re fostering. You made a point of local production. A great part of the strentgh of Nokia developed over the years is focusing on local aspects , local content, local applications.
e.g. The price of crops at markets in rural india – very simple form of content. What we have in india is a service called Life Tools, that allows a farmer in India to look at his/her mobile device early in the morning to decide where to carry their crops that day to make that little bit more money. Local content, locally consumed, improving the lives of people.
You used the words, social responsibility, I want to focus on that just a second.
When I joined Nokia, I sent an email to every employee around the world and I asked three Questions:
1) What do you think needs to be changed?
2) What do you think should NOT be changed at Nokia? (What do you think I might change that I shouldn’t)
3) What are you afraid I might miss in my examination and consultations?
The second question – thousands of Nokia employees said continue social responsibilities – helping that farmer, helping to deliver neo/prenatal information to disadvantaged women around the world/China. All of these things that when you think about it – it’s good for business because if you think about it, that Nokia experience stands for a life changing experience. It’s good for business, it’s good for people and strongly supports social responsibility.
I’m a Developer. As you know, as a start up with limited resources they have to write a mobile app – they have to decide iPhone/Android and mostly there’s no room for a third platform. What are your Concrete plans to get developers on your platform?
When we consider developers, there’s a series of things which must be true in order to attract developers to that platform.
Certainly there has to be reach. You have to believe that if you build an application on that platform, you can get it to tens of millions of people. Clearly that’s part of the Nokia-Microsoft partnership as we can bring reach to tens of millions of people. Last quarter alone we shipped nearly 30 million smartphone devices around the world. So huge volume opportunity.
You have to believe that you can monetize – that there’s a valid way that you can collect money. Nokia, again, we have 100 direct operator billing relationships. So in regions and countries all over the world you can collect money, which is simply NOT true for the other ecosystems.
3rd – you have to believe you have a valid development platform on which you can build applications. There’s something from microsoft perspective with the platform they’ve built around Windows Phone is ther and of course
4th piece -great developer tools needs to be there.
Interesting enough you say people only have rooms for two platforms. We’ve studied this and asked a lot of developers all over the world, the far majoirty view is that it’s different than that. It’s about 2.8 to 3 platforms. Seriously. This was a critical question for us as has been well documented as we also considered Android. If what you said was absolutely true, that would have influenced the decision. We came to the conclusion that it was NOT true that in fact it’s something more than that.
I have some friends at Nokia at very senior positions inside Nokia – very creative people, who get very frustrated at what they see as very slow and lumbering decision making process because of the structure of the company. You need to get a consensus to make a decision. How are you ever going to compete against a very centralized company like Apple, that can innovate in real time?
The way we address that is changing how we operate. So when we presented our strategy, and what we were doing going forward which was three pillars – smartphone, next billion and future disruptions.
We talked about differentiators, but then the press didn’t spend a lot of time talking about this, fundamentally changing the way we operate.
Look at what’s happening in the last four months. We are moving at a speed that is unparalleled for our company and I would argue that is on par with anyone else in the industry.
And of course, that’s partially my job is to make sure we’re setting a pace and operating differently
So the comments and the frustrations that I ask, by far the number one issue that people talked to me about is improve accountability in this organization, drive faster decision making by those people who are held accountable and move this company forward quickly. And the number of processes, of committees, agencies and boards, agencies and commissions – all these people spending time contemplating instead of aggressively moving forward is something we are already fundamentally changing. Just point to the February 11th announcements, as a first exaple of how quickly we can move.
What’s the next thing that we in the media are going to get really excited about when it comes to Nokia? What sort of annoucement should we be looking out for? A new tablet? A new smartphone?
Hopefully you won’t have to work too hard to keep your ears atuned to the success that Nokia has in implementing its new strategy, aggressively executing, moving the abiguity around if that exists and driving the company forward. That is the story that we want to see written.
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Category: Nokia, Windows Phone
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Hey, thanks for reading my post. My name is Jay and I'm a medical student at the University of Manchester. When I can, I blog here at mynokiablog.com and tweet now and again @jaymontano. We also have a twitter and facebook accounts @mynokiablog and facebook.com/MyNokiaBlog. Contact us at tips(@)mynokiablog.com or email me directly on jay[at]mynokiablog.comSubscribe
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Crap, you guys are thorough and fast. #Winning
#Tigerblood !
Oh sorry…
Well trolled my friend, well trolled
I like Elop as the CEO.. he wins here and wins there.. he is Bi-winning!!
But is he banging 7 gram rocks? Because I don’t know how he rolls.
The more I read about Stephen Elop the more I like the guy, he has already proven he is not just talk but also action by switching to WP 7. I just hope he gets to fully implement his vision for the future of Nokia.
his hands still annoy me
I like that social responsibility part.
Interviews must be tricky right now for the guy:
He can neither bash symbian, or talk about it’s updates with too much optimism. He has to talk up WIndows Phone and Symbian both, making sure that somehow Symbian is talked up just a little less and is all past tense not future.
In the last few questions, he didn’t talk about the fantastic community at Forum.Nokia, about the reach of Qt and QtQuick (which I’ve been trying out and is great). He can’t say – “well, You’ll see a new device this year, we’re looking at a zoom lense on a camera phone, and dual core 1Ghz+ processors with (for example) Nokia Big Screen built in”. The next thing he would have to admit (apart from cluing the competition in and breaking his promise to announce devices close to release) that it will be either a Symbian or Meego device.
I think this is a shame, because the message that is getting lost is that through this strategic announcement about the future, there is still a present and Symbian and QT are still being used to make and develop for cell phones. Nokia needs to push the message from the top (the guys at the conversations blog are trying hard and could do with the help). If they don’t Sales and profits in the meantime will suffer so much as a lot of folks (not nokia fans, but tech enthusiasts, cell phone salesmen, tech bloggers and reviewers and reporters) will see Symbian and Qt as dead. And then consumers (you know – the masses who like nice products but are less techie than the above list) look to those folks for advice and reviews, and don’t buy Nokia because – we’re not sure how much support this phone will get, if you want Nokia sir, you had better wait until they make Windows phones, which will get long suport, or how about one of these android devices instead.
His answer about developer and platform reach is TOTAL crap when you consider they’re abandoning the platform that has an installed base of roughly 250 million (and yes, most of that IS addressable with QT) for the sake of a platform that had what? – 5 million at Christmas!? That is fricking INSANE. UNLESS of course there is something not right about this whole thing, some corruption, some master plan for Microsoft to take over Nokia, some plan for Nokia to ultimately fail in order to save Microsoft (who would not have a future without mobile).
That same developer reach issue and caring about developers is also crap because if that was the case they would have allowed developers a smooth transition from Symbian to WinPho by putting QT on WinPho. There is NO technical reason this could not be done (don’t give me any lame bullshit excuses please).
Have any of you actually followed Microsoft for the last 20 years or so? Or read biographies of them? Or even just their behaviour with many technologies like the Open Document Format? I have. I bet those of you supporting Windows Phone on Nokia have not. Which is why you don’t have a clue what you’re talking about.
Microsoft come to OWN things – own as in totally control, absorb, destroy them, not just be the financial owners. They have done it over, and over and over again. That is why developers are getting TOTALLY shafted here.
Developers, like users, should stick solely to Symbian, and stick 2 fingers up to Nokia’s transition plans.
The only thing I care Elop and Nokia do is keep Symbian going simply because when the big Windows Phone plan fails as it almost certainly will, Symbian will still be going strong until they get Son of Meego up and running.
On the basis of that nonsense about developers and reach, I think we can dismiss most of what else Elop says or at least view it with real suspicion.
@Tinkle: I.Dont.Care! As soon as the Nokia WP7 devices hit the market, I am purchasing one
You could still go get WP7 today. Yes I know not a Nokia WP7 but still you could get one for a decent price.
But the big question is why isn’t Elop showing, and talking repeatedly about the importance of Symbian and QT for Nokia today and the future.
> I.Dont.Care! As soon as the Nokia WP7 devices
> hit the market, I am purchasing one
Blood diamonds?-) Those who have disrespect to MS have it on moral grounds.
I share the same views…
Yeah?
No-one cares. Windows dominates because it works and Office is the most used productivity suite because it’s miles better than anything else out there. It really is that simple.
If the WP devices are good I’ll get one, if they’re not I won’t. Frankly I don’t give a shit what MS have been up to over the last 20 years. It’s really not that important or interesting.
Let me commence on yet another crusade for the sake of MS, for I am a the knight in shining armor for both Elop and Ballmer.
Anyway, installed base of 250 million? Come on, it’s cumulative sales. Probably only half of that number has moved on to another device or it was a device like the N97/N96 that was crap to begin with thus making it far less likely to be used as a phone that brings in revenue. It will be more used like a phone and not more. Same goes for devices like the E51/E71 etc.
Good phones, but not potential for developers, because the people who buy those phones are less likely to install numerous apps. Not to mention games that can’t be played on such devices.
The real deal for developers is with S3 which means 10 million devices or so by now.
Games are proven to be the best sellers in the app world.
Regarding MS and pwn2own mentality; they did do that a lot and still do it. But not to the extent they used to back in the Wintel days. The evil days aren’t what they used to be at MS. Still though, could be a potential danger.
But then again what does MS want with a HW manufacturer? They don’t do that kind of stuff, MS doesn’t make any hardware themselves.
‘On the basis of that nonsense about developers and reach, I think we can dismiss most of what else Elop says or at least view it with real suspicion.’
Why the suspicion? Could be that the man was planted to ‘acquire’ Nokia but it seems far fetched.
I’m not saying WP is the best thing to happen to Nokia because of the jagged edge transition that was announced and it is just unproven. But what could have happened with MeeGo/Symbian? Only time will tell what WP will be and if it will succeed or fail.
No that is not cumulative sales, that is installed base. Cumulative sales far exceeds that.
Hmm, guess you’re right since Nokia sold 111 million phones last quarter alone even if 25 million of those were Symbian devices than it would exceed that.
But still, on what are those numbers based? Quarterly sales times 6 (ie 18 months use period)
If I use that method I come to about 120 million, 20 million on average over the past 6 quarters. (based on Nokia Q4 results)
That’s far less than Smith/Roger’s/Decent/Tinkle’s number of 250 million.
Guess my point of halving his number still stands than.
Anyway, of the entire line up Nokia sells/sold during 2010 a lot of devices are less app-friendly so to speak. The good games can only realisticly be played on S3 (GPU) since gaming is the prime market for apps that already diminishes the opportunity for dev’s.
The iPhone has been capable of gaming for at least 2 generations (3GS, 4) and so is Android. So the potential for dev’s is higher on those platforms.
Rant, this is why I can’t take ANYTHING you say seriously, and why you’re just another blind Microsoft shill. Because you constantly spout some crap to support your position and next moment someone is proving you completely wrong.
Will you ever learn!?
How about I say that last WinPho update bricked every Windows Phone already sold in the world. And then I say Elop has been proven to be a trojan horse for Microsoft. And then I say Windows Phone has only sold 1 million in 6 months.
And then you correct me. And then I say, well I was kind of right, MS is still shit. And come out with some more exaggeration and half truths.
Please man, learn that if you’re going to defend Microsoft and Windows Phone you will carry a lot more weight if you research what you’re saying and state facts rather than spouting crap that is easily proven wrong. It’s unfortunate that Andre and Jay don’t know enough to correct you and are turning into Windows Phone fanboys.
And for the record, Symbian has over a quarter billion people using it every day. Windows Phone had 5 million end of 2010, so a bit more now.
I must admit: I LOL’ed at that. Your spouting is obviously not crap. Ranting about what MS did in the past and being evil and being gutted because Ballmer and Elop are buttbuddies.
I said in reply to your comment that 250 million is far higher than the actual number. http://www.asymco.com/2011/02/21/platform-sunk-costs/ I see 190 million in that and not 250 as you state.
After that I say 120 million installed base. Canalys calculates installed base by 18 months period sold units. Thus making it 6 time average quarter results (20-22 mil) 120-132. If you take 8 quarters it could rise to 154-176 million installed base.
Way less that the 250 you say. I don’t know who is wrong here now?
I don’t know why I even bother replying to your comments anymore. I make some assumptions and mistakes perhaps. But you rant on and on about Trojan Elop, MS being Evil and what not.
Yes, WP7 is f far more restricted than Symbian, Symbian is better at the moment in technical terms. Fair is fair, but be a little more open towards another platform. You seem to hate WP just because of MS, and that;s wrong.
Andre and Jay don’t know enough? Be happy they provide this blog and write some articles for you to read and comment on. Otherwise you’d be stuck on Engadget for your fix. Instead of ripping on Jay and Andre be happy they do this in their own time. Have some respect!
Adding to the above, http://www.asymco.com/2011/02/21/platform-sunk-costs/ also has a figure about cumulative units shipped. 290 million. Pretty close to that 250 you say, and I’m judged for misinterpreting that number for cumulative sales?
Since Q2 2007. Symbian is far older than that.
True, but the percentage of phones from before that that still work is very small. And most of them are very old in terms of hardware so they are less likely to be capable of running newer apps.
That’s my whole point with the installed base, a large portion of it is not relevant to game developers. The biggest app market in terms of revenue.
Correction, the Windows Phone update majoritatively bricked Samsung’s devices as a result of faulty Samsung firmware.
The rest were related to a silly (Not enough disk space) oversight.
But the rest of what you has been shot down mostly by Rant so I won’t get into that.
In any case, it’s fair that you LOVE Symbian but it is far from the best in anything but frugality with regards to hardware resources
“In any case, it’s fair that you LOVE Symbian but it is far from the best in anything but frugality with regards to hardware resources”
Of the top of my head, it runs with the best of them in functionality, flexibility and localization.
“Windows Phone had 5 million end of 2010, so a bit more now.”
At the end of 2010, there were 1.5 million devices shipped, so even if all those were bought by end users, it’s a far cry from 5 million.
http://mobilized.allthingsd.com/20110126/windows-phone-7-shipments-topped-two-million-units-last-quarter/
That says it was 2 million shipped (indeed not sold) by the end of 2010 that’s 25% more than what you say. 1.5 million were supposedly shipped in 6 weeks time.
Still not really impressing figures but considering that WP7 is only available in certain country variants it’s not so bad.
Don’t forget that WP7 isn’t available in most countries yet or in specific language variants. On top of that MS has rstricted access to the Marketplace to US residents only. If we start comparing Symbian/iOS/Android numbers to WP sales it isn’t accurate.
Not defending WP by any means here, but it appears this FACT! is overlooked sometimes when comparing stats to stats.
@Rant
I conceed the 2 million shipped.
“Still not really impressing figures but considering that WP7 is only available in certain country variants it’s not so bad.
Don’t forget that WP7 isn’t available in most countries yet or in specific language variants. On top of that MS has rstricted access to the Marketplace to US residents only. If we start comparing Symbian/iOS/Android numbers to WP sales it isn’t accurate.
Not defending WP by any means here, but it appears this FACT! is overlooked sometimes when comparing stats to stats.”
And people should care because? That OS is presented as the solution that will replace Symbian (you know, the not competitive OS according to Mr Elop) and take on iOS and Android. Why should it be judged on different criteria and be given allowances?
No it shouldn’t be judgedg on differenr criteria OS wise. Rather not, what I mean is stat for stat comparison. How can you compare the numbers from something that is selling worldwide to something that isn’t and doesn’t even provide certain services in the market where it is sold.
The 2 million sold is uncomparable to Symbians 20 million because Symbian has afar broader market. Ofcourse the problem of WP7, but comparing and then saying Symbian is the far better seller and wp is dwindeling doesn’t seem correct. Do you get what I mean?
And Tinkle, the reason no-one takes anything you say seriously is because you’re a troll who has been banned from multiple sites multiple times for being an extremist lunatic.
Do us a favour and move on, ‘k?
Did you write that all yourself? If so, thank you very much! I really didn’t want to watch the vid.
RE the last question, it’s a massive shame that we won’t really get to see what this new fast moving and streamlined Nokia could have done with Symbian and especially MeeGo.
Depends, if PR2.0 hits in the next few weeks I guess we are seeing something of the ‘new’ Nokia.
But if WP7 only comes to market in 2012 we will be back to the ‘old’ Nokia.
To be fair, PR2.0 and maybe even 3.0 are more to do with ‘old’ Nokia. It’s what they would’ve done after that (and with MeeGo if it hadn’t been relegated) that would’ve been interesting.
The American market is the ideal starting place for Windows Phone 7. They like their home grown stuff. If there’s room for a third ecosystem, someone else will take on the mantle if Nokia doesn’t do it. With dedicated devices designed for WP7, Microsoft are highly motivated to get their product in top form. In America, Microsoft have a ready market to sell to.
Nokia is a profit driven company, and therefore will continue to sell Symbian as long as consumers demand it. Most people aren’t as techie as the rest of us, and just want their phone to do simple reliable tasks.
Nokia are planning way ahead, in a scope where most of us can only imagine next week, next month, next year. You gotta have the big picture.
Isn’t it Nokia’s job to make developers imagine. Changing software strategy too many times, in the past 3 years, is beyond imagination for any major successful company.
Interesting interview. You have to give it up to Elop, the guy is well thought out and well spoken. Great communicator, seems fit to be Nokia’s CEO. His decisions on the other hand I might not agree with but only time will tell what he makes of Nokia.
Elop stayed two years max at his last two or three jobs. He’s in it short term for the money. Anybody putting faith in this guy needs to have their head examined.
elop is jumper
nokia stock price down to 7.89 wednesday
keep going down please!
please give up!
look at the bigger picture, stock markets are down around the world due to the events in Japan. Probably has more to do with that than Elop.
NOK closed at around $8.40 the 2/11/2011. It was at around $11 (01/14/2011) well before Mr Elop hinted at the new strategy.
Please read the full comments before replying.
Nocare said it was down wednesday again from earlier this week. I reply that it is probably mostly due to what happened in Japan since it is a worldwide effect.
The drop from 11 to 8-ish did occur after the announcment. But that’s not what I comment on. I merely say that the current (1 week span) drop of stock prices has more to due with world events than with Elop.
“nocare says:
March 17, 2011 at 1:41 am
elop is jumper
nokia stock price down to 7.89 wednesday
keep going down please!
please give up!”
where did it say that “it was down wednesday again from earlier this week” ?
Fine, stock price was at 8 and a half or so for a while now. Someone comments that it was down to under 8. A new low.
Looking back at what the price did you can see a big decline from the 12th of march onwards. What major event happend during that time that could influence the price?
http://www.ibtimes.com/articles/122891/20110315/nokia-samsung-rim-lg-motorola-os-microsoft-windows-phone-7-wp7-software-japan-earthquake-smartphones.htm
Indeed, Japan it was. Couple that with projected poor shipment in Q1 (30-40% of Q1 was before WP deal announcment) and expected increase in material cost due to events in Japan. 10-15% of the BOM is from Japanese manufactured parts in Nokia’s.
And we have a reason why stock declined over the past week.
If the stock is stable over a month and suddenly it drops again you don’t look at events that happened a month back it has to do with recent events.
“If the stock is stable over a month and suddenly it drops again you don’t look at events that happened a month back it has to do with recent events.”
I follow the Nokia stock and the tech sector everyday, I’m aware of the variations.
The stock could reach a new low because someone said something on a Friday that erased all the gains made from the previous low, and made it more vulnerable.
Ah well, I couldn’t care less what the stock does or what happens to Nokia as long is remains to exist.
But I don’t think the WP7 announcment is influencing the share price right now. What probably does is the lack of visible selling power Nokia has right now.
No new 2011 flagship, no WP7 device in the foreseeable future. In fact no real new devices launched/announced over the past 4/5 months.
Coupled with lower profit views by analysts that makes shareholders sell that is a bigger factor of influence right now than the actual announcement.
In a nutshell; lower proift and shipments in Q1, no big sales succes ahead. No materialisation of WP deal.
“But I don’t think the WP7 announcment is influencing the share price right now. What probably does is the lack of visible selling power Nokia has right now.”
I agree. But the damage has been done and the effects are still felt. Let’s wait for Q1 figures.
Why does it seem to me the more Elop speaks the faster the stock drops?
I really want to thank you guys for summarizing these video-clips. This is so helpful when you live in a country where internet speeds are so slow that you actually cry when you try to see a video-clip.
Thanks and keep up the good work!
Something about this deal seems fishy. I think something that has struck me the hardest is the idea that was expressed by Elop a while back where he said something to the effect of “We must switch from MeeGo because it wont be read till the end of the year at the earliest” and then we find out that WP7 Nokia phones wont be out till the “end of the year at the earliest” How is this progress and not BS?
I guess it is just a pet peeve. Maybe Nokia will suprise me and get a WP7 phone out in the next month or 2.
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