Nokia Corporation (NOK) To Remain Focused On Windows Phone OS


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.

Nokia Corporation (NOK) To Remain Focused On Windows Phone OS

The company doesn’t plan to deviate from its focus of using Windows Phone to compete in the smartphone markets.

Q2 Hedge Funds Resource Page Now LIVE!!! Lives, Conferences, Slides And More [UPDATED 7/3 17:55 EST]

Q2 Hedge Funds Resource PageSimply click the menu below to perform sorting functions. This page was just created on 7/1/2020 we will be updating it on a very frequent basis over the next three months (usually at LEAST daily), please come back or bookmark the page. As always we REALLY really appreciate legal letters and tips on hedge funds Read More

“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.