Helsinki: Nokia Chief Executive Stephen Elop said the company would remain focused on using Microsoft's Windows Phone software to compete with smartphone rivals such as Samsung.
Nokia's first-quarter results showed incremental gains in sales of Lumia smartphones which use Windows software, while sales of its basic phones - traditionally Nokia's strong point - plunged. That prompted speculation the company may need to adopt a new strategy.
"We make adjustments as we go. But it's very clear to us that in today's war of ecosystems, we've made a very clear decisions to focus on Windows Phone with our Lumia product line.
And it is with that that we will compete with competitors like Samsung and Android," Elop told reporters ahead of a shareholders' meeting....
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05:01 PM, May 07, 2013
![Nokia CEO Stephen Elop's pay package halved in 2012]( "Nokia CEO Stephen Elop's pay package halved in 2012")
Elop earned 4.33 million euros ($5.63 million) in 2012, down from 7.94 million euros in 2011. ...
02:06 PM, Mar 08, 2013
CEO Stephen Elop has effectively put to an end the rumours about Nokia making an Android phone. ...
07:18 AM, Jan 25, 2013
Nokia's stronger-than-expected quarterly results mean the mobile phone maker now has breathing space and better options. ...
07:33 PM, Jan 14, 2013
Nokia's Chief Executive Stephen Elop has replaced most of the top management since he joined in late 2010. ...
06:03 AM, Nov 25, 2012
Helsinki: Stephen Elop only has a few months to show he can turn Nokia around if he is to survive but the new smartphone is unlikely to woo customers back from Apple and Samsung. Investors and analysts say the chief executive has until early 2013 to prove he made the right choice by partnering with Microsoft Windows or his future at the loss-making company will be called into question. Nokia...
06:57 PM, Sep 19, 2012
Helsinki: Phone makers depending on Google Inc's Android software should worry about the Web search leader's deal to buy Motorola Mobility, the head of rival Nokia said on Wednesday. Nokia has teamed up with Google arch-rival Microsoft for mobile phone software, while phone makers such as Samsung Electronics, HTC Corp and Motorola have bet on Android. But Google's plan to buy Motorola for $12.5 billion has generated some analyst concern...
07:57 AM, Aug 18, 2011
Helsinki: Shares in struggling mobile phone handset maker Nokia Oyj jumped on Wednesday in reaction to a web site report that said US-based Microsoft Corp had struck a deal to buy its mobile phone business for $19 billion. Nokia called the report "100 per cent baseless." Nokia shares have been in steep decline in the past two days after its latest failure to deliver on recovery targets. Dealers said Microsoft...
11:25 AM, Jun 02, 2011
Barcelona: Nokia's CEO on Sunday touted its recent alliance with Microsoft, saying it would be worth billions to the Finnish cellphone maker, which is seeking to catch up in the fiercely competitive smartphone market. Nokia announced on Friday that it was teaming up with Microsoft to take on Google and Apple in the smartphone market. "Microsoft is contributing to Nokia substantial monetary value," Stephen Elop said on Sunday in a...
01:04 PM, Feb 14, 2011
London: Nokia and Microsoft have teamed up to take on Google and Apple in the fast-growing smartphone market as the Finnish cellphone maker attempts to regain its leading position in the sector. Nokia said it would use Windows Phone as the software platform for its smartphones as part of new chief executive Stephen Elop's overhaul of the world's biggest cellphone maker. "Nokia and Microsoft will combine our strengths to deliver...
12:49 PM, Feb 11, 2011
London: Nokia's wisdom in picking outsider Stephen Elop to return it to its former glory will be tested on Friday when the new chief executive reveals his plans to transform the world's biggest cellphone maker. Following a leaked memo in which Elop candidly described the need to leap from Nokia's "burning platform," speculation has intensified that he will announce a radical switch to use software from rivals Microsoft or Google....
11:44 AM, Feb 11, 2011
London: Nokia's wisdom in picking outsider Stephen Elop to return it to its former glory will be tested on Friday when the new chief executive reveals his plans to transform the world's biggest cellphone maker. Following a leaked memo in which Elop candidly described the need to leap from Nokia's "burning platform," speculation has intensified that he will announce a radical switch to use software from rivals Microsoft or Google....
08:25 AM, Feb 11, 2011
Helsinki: Stephen Elop, the new chief executive of Nokia, the world's biggest cellphone maker, will unveil his plan to turn around the Finnish company's weakening position in the high end of the market next week. The average forecast for Nokia's 2011 underlying earnings per share has fallen 5 per cent since it flagged a weak first quarter last week, a Reuters poll found. Following are key options Elop has to...
10:09 AM, Feb 05, 2011
Helsinki: Nokia said it would delay again its flagship smartphone N8 model, hitting its shares on the day new chief executive Stephen Elop started at the helm of the world's top cellphone maker. The N8 is seen by analysts as Nokia's first top-range model to challenge Apple's iPhone more than three years after its launch. Its success is seen as being crucial for Nokia's profit margins. "A single device does...
06:46 PM, Sep 21, 2010
London: Anssi Vanjoki, the head of Nokia's mobile solutions unit, is resigning following the appointment of outsider Stephen Elop as chief executive of the world's biggest cellphone maker. This announcement comes only a day before Nokia World, the world's largest mobile phone manufacturer's annual event. Vanjoki, who joined Nokia in 1991, has a six-month notice period and will continue with his current tasks for the time being, Nokia said in...
12:54 PM, Sep 13, 2010
Helsinki: Nokia, the world's biggest cellphone maker by volume, will introduce new smartphone models at Nokia World, its annual media and industry event, aiming to assure investors the company is on track to recovery. Nokia, whose profits and share price have dived in the last few years, is now betting on the renewal of its line of smartphones. The company had recently announced that Stephen Elop, the head of Microsoft's...
11:45 AM, Sep 13, 2010
Helsinki: Nokia Board Chairman Jorma Ollila will stay in his position until spring 2012, helping newly-appointed Chief Executive Stephen Elop's transition into the job, a Finnish newspaper said on Sunday. Daily Helsingin Sanomat cited Nokia as the source of the information, but gave no further details. Nokia announced the hiring of Elop, a Microsoft executive with a Silicon Valley pedigree, on Friday. The Canadian will replace embattled chief executive Olli-Pekka...
10:56 AM, Sep 13, 2010
Nokia, the world's top cellphone maker, brought in Microsoft's Stephen Elop to replace embattled chief executive Olli-Pekka Kallasvuo and lead a renewed effort to compete in the smartphone market. The following are key challenges facing Elop:
Ailing high-end phone portfolio Nokia's long reliance on the Symbian operating system for its smartphones, while profitable given the volume of phones it produces, left it badly exposed when Apple launched its iPhone in...
05:30 PM, Sep 10, 2010
Helsinki: Nokia, the world's top cellphone maker, said Stephen Elop, the head of Microsoft's Business Division, was to be its new chief executive, leading a renewed effort to compete in the smartphone market. "His strong software background and proven record in change management will be valuable assets as we press harder to complete the transformation of the company," chairman Jorma Ollila said on Friday. Elop will take over from Olli-Pekka...
12:40 PM, Sep 10, 2010
