What, Nokia Chairman Worry?
Nokia’s going through a challenging transition, but according to Jorma Ollila, it’s laid the foundation it needs to regain smartphone leadership.
Though its Symbian platform is burning down to ashes and it has lost its title as the world’s largest smartphone maker, Nokia is going to be just fine, says outgoing chairman Ollila. In fact, with the help of Microsoft’s new Windows Phone 7 operating system, the company will remain among the top three players in the smartphone market, despite its plunging market share.
“Nokia will make it into the three,” Ollila told Finnish broadcaster YLE. “It’s completely obvious and the first signs are already there. None of the operating systems have taken off quickly. It will take time, as we have seen and as was expected.”
Well, not completely obvious — particularly after the horrendous 73 percent decline in fourth-quarter earnings the company recently reported. But Ollila says such financial tumult is to be expected from a big transition like this and the earnings slip doesn’t belie its potential for success.
“When looking at the bigger picture, it shows that three operating systems will dominate in the near future and each of them will have one strong manufacturer, with Nokia having a very good chance to be one of the three,” he said.