Feeds

New Nokia boss drops grenade: hints at strategy shift

Android in, Ovi out? He won't say...

High performance access to file storage

Nokia's new CEO Stephen Elop dropped a grenade in his first full quarterly earnings conference today. Elop took charge in September.

"We must build, catalyze or join a competitive ecosystem," he told analysts, leading to speculation Nokia will license a third party platform or downgrade its ill-fated Ovi services.

The latter looks more likely. Why? Elop also emphasised that Nokia's products should guarantee "sustainable differentiation"- which may dampen speculation he'll join the Me-Too world of (say) Android licensees. In Android-land, it isn't clear that investment creates any significant profit. It's what investors want to hear though, and Nokia's share price rebounded on the news.

Nokia has scheduled a strategy update for February 11th.

Overall, Elop said all the right things that a new Nokia CEO should - emphasising success is built on the quality of individual products, and highlighting "challenges" ahead for Nokia's competitiveness and execution.

Nokia recorded a net profit of €745m on turnover of €12.65bn. Nokia's shipments fell 3 per cent in a market that grew 12 per cent. The average selling price of smartphones fell from €186 to €156 a year ago. ®

High performance access to file storage

More from The Register

next story
A black box for your SUITCASE: Now your lost luggage can phone home – quite literally
Breakfast in London, lunch in NYC, and your clothes in Peru
Broadband Secretary of SHEEP sensationally quits Cabinet
Maria Miller finally resigns over expenses row
Skype pimps pro-level broadcast service
Playing Cat and Mouse with the media
Beat it, freetards! Dyn to shut down no-cost dynamic DNS next month
... but don't worry, charter members, you're still in 'for life'
EE dismisses DATA-BURNING glitch with Orange Mail app
Bug quietly slurps PAYG credit - yet EE denies it exists
Like Google, Comcast might roll its own mobile voice network
Says anything's possible if regulators approve merger with Time Warner
Turnbull leaves Australia's broadband blackspots in the dark
New Statement of Expectations to NBN Co offers get-out clauses for blackspot builds
Facebook claims 100 MEEELLION active users in India
Who needs China when you've got the next billion in your sights?
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
HP ArcSight ESM solution helps Finansbank
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.