Comments on: Nokia on the ropes as it posts $692M loss

By: TwangisKhan

TwangisKhan — Thu, 21 Jul 2011 18:11:58 +0000

The safe harbors of Windows Phone 7 awaits.

Something about frying pans and fires spring to mind.

By: Lava

Lava — Thu, 21 Jul 2011 17:42:47 +0000

I don’t think you know the meaning of the word “sinking”. Sinking means going down, descending, falling in a direction opposite to up, etc

Nokia has been sinking for quite a while. They ard now sinking even more. They don’t even sell as many smartphones as Apple does now (16 million vs. Apple’s 20 million in the last quarter)

That is the definition of sinking, whether you want to believe it or not.

Elop made an elementary mistake with his Burning Platform memo. He basically forced Nokia to jump into the frigid North Atlantic instead of looking for a lifeboat.

Consider what Steve Jobs did with Apple. Apple was sinking too with an aging an dilapidated OS. What did he do? He showed the lifeboat first by showing what the next generation OS would like like.

Unlike Elop, however, he didn’t make Apple and its users jump into the waters before the lifeboat was ready.

Instead, he very publically RECOMMITTED resources to the old MacOS. He announced to the world that the MacOS was still the best thing out there and added more than a hundred engineers to keep the MacOS going for as long as possible. The result was MacOS 9, which improved upon MacOS 8 and 7 enough to keep users and sales afloat until the OS X lifeboat was ready to launch.

Contrast this with Elop who abandoned Symbian as quickly as possible and told everyone else to jump ship too. Except the Windows Phone 7 lifeboat isn’t ready and now everyone, from users to developers, have nowhere to go except onto the welcoming of passing ships called iOS and Android.

Fatal error. Nokia could have kept the Symbian ship afloat long enough despite all the leaks and holes, if he only didn’t set fire to it himself and burned it down. He listened to Nokia’s enemies instead to rallying the crew to keep fighting. It’s like a WWII carrier captain who orders his men to abandon ship in the middke od a battle because the ship got hit by a torpedo, instead of getting the damage control teams out to patch the damage and keep the ship in the fight.

Instead, Nokia is in the water, sinking while waiting for the shi names Windows 7 Phone in the horizon to pick them up.

By: Ex-Nokia Fan

Ex-Nokia Fan — Thu, 21 Jul 2011 15:58:21 +0000

A Company makes losses and the whole world is loosing confidence in it. And in the quarterly results, the company decides to totally ignore the only piece of real good news that can instill confidence on its capabilities. May be it never happened in Corporate history. What a strange fate to hit a great company like Nokia. ( I am talking of N9). I wish no phone ever takes birth with the kind of bad luck that N9 had!

By: Dave

Dave — Thu, 21 Jul 2011 15:39:50 +0000

The company is in the middle of a turn-a-round, decline was built into the market price this quarter, in fact Nokia showed better than expected. Granted they have their work cut out, but WP7 is innovative and shows promise, if Microsoft can effectively market it. Maybe Windows8 will be the visual catalyst that brings WP7 into view, with its release sooner than latter.

By: Legal cash Ideas

Legal cash Ideas — Thu, 21 Jul 2011 15:31:25 +0000

This is a great loss. They need to shore up their marketing reach and sales or else they will be liquidated

By: David

David — Thu, 21 Jul 2011 15:06:47 +0000

“…posted a loss of €487 million — or $692 million — on revenues of €9.275 billion ($13.2 billion)”

“Given that warning, Wall Street had expected overall revenues of $13.04 billion for this quarter. Instead, it fell short of even that mark.”

By: Jon Martin

Jon Martin — Thu, 21 Jul 2011 12:50:03 +0000

Look, we don’t know if Windows phones will be a hit but the ship is hardly sinking. Nokia is still a tremendously wealthy company and could go for a lot longer than six months making this kind of loss. Will they ever regain 40% smartphone share? No, almost certainly not. But hardware-wise they know what they’re doing and software-wise Microsoft know what they’re doing. They should manage to sell some phones next year and will almost certainly return to profitability unless they screw up in a huge way…again.