Nokia Corporation (ADR) (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V)’s chief executive Stephen Elop at the company’s annual general meeting on Tuesday, said the company would remain focused on Microsoft’s Windows Phone software and there is no plan B.
The company doesn’t plan to deviate from its focus of using Windows Phone to compete in the smartphone markets.
“We make adjustments as we go. It’s very clear to us that in today’s war of ecosystems, we’ve made a very clear decision to focus on Windows Phone with our Lumia product line,” Elop said. “And it is with that, that we will compete with competitors like Samsung and Android.”
According to Reuters, Nokia’s first quarter results marked an incremental rise in the Lumia sales, while a continued decline was observed in its Symbian-powered feature phones.
A declining trend has also been observed for the aggregate demand of Nokia’s Symbian powered phones, which have been company’s primary bread and butter for many years.
Shareholders and investors, at the company’s annual general meeting have shown a slight disappointment over company’s lack of progress.
“Please switch to another road.” said one shareholder to Nokia Corporation (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V)’s chief executive in the meeting.
Another shareholder believes that the Finish mobile company and its management is making a mistake by putting all their fate in one line of phones only.
Notwithstanding the fall of Symbian powered phones in the stock market, the per quarter sale of Windows powered phones have shown an improvement every quarter. However, in comparison to most of its competitors, Nokia Corporation (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V)’s Lumia falls significantly behind in the market share.