Nokia took a sizable hit in last quarter, continuing to lose its dominant place in the global mobile market due to the increasing popularity of higher-end smartphones. The Finnish company saw a 23 percent decrease in smartphone sales, partly due to fallout from its abandonment of the Symbian platform, which shifted users toward Samsung and Apple.
CEO Stephen Elop took the losses in stride, emphasizing the inevitable bumps along the road to change. "We still have a tremendous amount to accomplish in 2012, and thus, it is my assessment that we are in the heart of our transition," said Elop.
This 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.
CEO Stephen Elop took the losses in stride, emphasizing the inevitable bumps along the road to change. "We still have a tremendous amount to accomplish in 2012, and thus, it is my assessment that we are in the heart of our transition," said Elop.
This 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.
No comments:
Post a Comment