I think we need to prepare to let go Nokia for this moment.

Q4 is traditionally the best quarter of the year, since the sales are the best for the end of the year holidays.

ok, just a 328€M drop in profits, in 3 months, maybe they lost it under the bed or something, or 33% fall, either way thats generally not regarded as good even for this quarter, not even thinking about the trend or upcoming quarters.

he would have got hell for this alone, even if he had come late to the party and couldn’t affect any of it.

it was going to be bad news anyway, might as well bring it all out and blame something else : previous faulty strategy

What was wrong with Q1 results?

A mere two months into the job, he was already talking to his mentor about bringing in WP7.

It’s interesting that when shit hit the fan, he pledged that the infamous “Burning Platform” would be supported till 2016, if not more. I wonder why?

)

To be fair on him, he was prob at Adobe at that point.

Maybe Elop was the final nail in the coffin ?

I don’t see the Q2 2011 results as all his fault, he may have caused some of it, goes without saying. He may be eventually responsible for either its rescue or demise.

But they wouldn’t have had to get in an outsider unless they had abandoned hope internally, which seems to have occurred.

I don’t really care if Nok makes a profit or not, I hold no shares either (thank god), but Im still pissed @ nok as I really still want a replacement for my N95 8gb, and in 2009,2010,2011 they still haven’t produced it yet. I dont like android,ios,wp7 either. Maybe they will by 2012 ? Can you help them ?

You have to take into account that the announcement came not because the platform was doing great and they were celebrating by throwing piles of euro’s onto the sauna fire while drinking beer in the buff, (beside my ex brother in laws house in finland no less, lovely place).

It came as it had fallen to pieces. And by Q1 the great white hope was realised to be non-existant. The game (that they had been keeping going for over a year) was up. Thinking about it essentially politics screwed them, I dont think anyone doubts that they could have engineered a marvellous OS years ago. But they wanted to keep Symbian going and therefore didnt give enough resource to Maemo or whatever its called.

Damm shame and the wrong call.

Elop went on the offensive, rather than having to defend the Q1 results when they came out.

No, I believe that Elop is responsible for the bas Q2 2011 results. Not the same thing.

“Elop has looked at Nokias Achilles heel which was software development, and canned it for better or worse.”
Or he is an MS dude doing his best to help his mentor’s struggling platform.

“How bizarre that the billions of euros waisted on Symbian was to keep MS from taking over the phone business.”

I’ll add that to the list of things to blame Elop for.

Q4 2010 +1018€ M for 123M handsets, 3 cups ?

For months I’ve been offered a N8 on 24M contract for £14 on O2, total £336 for 2 years. Extract what the network needs to cover a sub (approx £5pm) and you are left with the cost of the handset.

In 2010 many were moved to customers for free with network renewals@£20pm.

You believe Elop is responsible for Nokia Fail, thats fine too. But if you look in the Finnish press, they have printed stories of the rot setting in along time ago.

As for the shares collapsing on the announcement, well they did but they were also boosted artificially before the announcement. Before April 2010 the share price was doing ok as investors believed they had a competitive product portfolio in development. The price dropped by almost 50% when they missed the planned launch date by June, then it picked up as again as there was hope. On the Elop announcement – the share value only dropped 15%.

There is alot of info available if you look for it on channel stuffing, irregularities in some countries.

Elop has looked at Nokias Achilles heel which was software development, and canned it for better or worse. How bizarre that the billions of euros waisted on Symbian was to keep MS from taking over the phone business.

Strange times