Wednesday, May 8, 2013

Nokia investors on Tuesday to CEO Stephen elop

Nokia investors on Tuesday to CEO Stephen elop (Stephen Elop) said, for Nokia chase Apple Corp and Samsung speed, they have gradually lost patience.

On Tuesday at the Nokia annual shareholder meeting, many shareholders questioned Mr elop decided two years ago to use Microsoft Windows Phone operating system strategy.

Nokia was planning to Windows Phone system from Symbain system with two years. According to the plan, this stage should have ended now. However, recent results from Nokia, although equipped with WP8 system for Lumia sales has increased, but still can not with the Apple Corp, Samsung's flagship model match, and Nokia feature phone sales have dropped. In addition, Nokia fell to 2.72 euros, while the peak in 2000, its share price was as high as 65 euros.

Nokia achievement is not ideal, and suspend the annual dividend, but some investors did not let go of Nokia stock. Some of the older participants admit, they still have feelings for nokia. The early nineteen ninties, after the disintegration of the Soviet Union Finland reborn, is a symbol of rebirth and Nokia Finland. But institutional investors on Nokia is not so good. Nokia second largest shareholder of Finland pension fund Ilmarinen recently announced the first quarter of the fund, reduce the proportion of Nokia 27%.

No plan B
Elop reiterated on Tuesday, the company will continue to adhere to the strategy of using WP system. He said: "we will be adjusted in the process. In the present ecological system in the competition, our Lumia product line focused on WP platform, it is quite a clear decision. And we will by competitive Android system this decision and rival Samsung and Google."

Danish investment agency Danske Capital senior fund manager Juha Wallis (Juha Varis) said, elop may make a wrong decision. Wallis said in a telephone interview: "elop closed the door, Nokia has no new ideas, they will all future bet on WP." Some analysts also believe that, Lumia sales cannot let Nokia recovery. The first quarter of Lumia sales of 5600000 units, a quarter to 4400000, but its market share is still only about 5%, while the Apple Corp and Samsung's market share has reached more than half.

Low-cost mobile phone strategy
Analysts believe that, in the absence of a B program, the best way is Nokia low-cost smart mobile phone sales in emerging markets, or similar intelligent mobile phone feature phone, such as the Asha series of mobile phone.

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