By Allen Tsai | Mon Jul 19, 2010 6:19 pm |
Nokia has started the search for a new chief executive, after failing to keep up with smartphone specialists Apple and Google, people familiar with the matter said.
Current chief executive Olli-Pekka Kallasvuo may be ousted as early as the end of the month, that person said, adding that the company has already flown in at least two U.S. executives to interview for the top job.The move comes as the Espoo, Finland-based company struggles to find traction in the fiercely-competitive market for high-end smartphones. While it still sells more devices than any other manufacturer, it has been slow to innovate amid an explosion of application-rich gadgets from Apple and makers of Google's Android-based devices. In April, Nokia pushed back the release of Symbian 3, the new version of its mobile operating system, citing delays in development. A month later, the company reshuffled its management, replaced key executives and formed a new division specifically tasked to focus on smartphones. Although Nokia is still the worldwide leader in mobile phones, with a 40 percent share of the market, its phones are mostly lower-priced models with limited profit margins. The company has been struggling for market share in the lucrative high-end smartphone sector, which analysts say is a result of poor software offerings. Last month, Nokia said it was dropping Symbian for Linux in its N-series smartphones. In February, it teamed up with Intel to develop Meego, a new mobile operating system, which it plans to use in its highest-end units.
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Thu Jan 26, 2012 2:39 pm | By
Nokia's recent loss in profits highlights the company's difficult transition, as it shifts towards Windows phones and gears up for big changes in this year.
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Thu Jan 26, 2012 11:14 am | By
Nokia's Windows Phone-powered Lumia 900 will sell for $100 when it launches at AT&T later this year, according to reports, in a move that will raise the profiles of the maker and the OS.
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Tue Jan 24, 2012 11:30 am | By
Nokia shipped more than one million Lumia handsets last year, analysts estimate, signaling early success for the company's critical Microsoft partnership.
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Thu Jan 12, 2012 1:02 pm | By
Analysts predict a surge of sales for the Windows Phone platform, as Nokia and Microsoft head into the smartphone market in 2012 with updated hardware and plans for heavy promotion.
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