Nokia struggles to take a step forward

Source: Internet
Author: User
Keywords Nokia Footsteps
A breather after the Apple settlement but Moody's said in Monday that it could continue to downgrade the company's credit rating, which it announced on May 31 because its product prices and sales were lower than expected, lowered its second-quarter revenue and profit margin forecasts, and the performance warning has led many brokerages and rating agencies to downgrade their ratings, and its share price has also plunged in recent days.  Goldman Sachs believes that a profit warning will stifle Nokia's hopes for recovery and threaten its cash reserves. Xinhua News (reporter Sodongdong) in yesterday's 11th session of Nokia Connection conference, Nokia CEO Elop said that the company has been restructured, confident that this year launched the first Windows Phone, but a large number of shipments to wait until next year. Nokia, on the other hand, has not completely abandoned its Symbian system, saying that Nokia plans to launch up to 10 Symbian terminals in a year, and that its support for the Symbian system will continue for up to 2016 years.  Nokia has also released smartphones and a variety of new handsets based on Meego systems. But the negative news continues.  Moody's said in Monday that it was likely to continue to downgrade the company's credit rating. Nokia and Apple after the settlement of the research and development business it is understood that Nokia last week announced a settlement of patent disputes with Apple, the two sides withdrew to the U.S. International Trade Commission, respectively, the accusations that Apple will pay Nokia one-time compensation and continuing rights.  Analysts calculate that one-off funds are between 600 million and 650 million dollars, while patent licensing fees are equivalent to 1% to 2% of iphone revenue, which will have a positive impact on the performance of the second quarter.  Zacks, a US investment firm, said the conciliatory Nokia could devote more effort to mobile phone research and development, focus on Google, and have more time to deal with patent disputes with Motorola, Samsung and HTC.  Motorola bets on Android Nokia bets that Microsoft's Nokia CEO, Elop, began operating Nokia's strategic transformation, announcing that the company will gradually transform, Symbian system as a transition, abandon the Meego system, and focus on the development of Windows Phone system. Analysts believe that the previous Nokia has focused on the mature market and Apple and other companies to compete, and the market to the broader emerging market focus on inadequate.  On the other hand, to save money, Nokia has also launched several rounds of layoffs. Motorola was successful in betting on the Android system and selling communications equipment to its main mobile phone.  Today, Nokia is betting on Microsoft's Windows Phone system, and Nokia still faces repression by its rivals before the first Windows Phone debut.  Google has also been throwing an olive branch to Nokia, but Nokia is refusing to be a hardware manufacturer of Android. Nokia: Still no fist machine across three systems Nokia now faces the marketThe environment is very sinister. High-end users, including Apple, RIM, Samsung and other a large number of competitors, and Nokia in the high-end machine market almost no advantage to speak of, while the low-end market, is facing Google's Android system pressure, while in emerging markets also face Shanzhai machines and other low-end machines to eat market share.  Nokia's market share fell 5.5% to 25% in the first quarter from a year earlier, to its lowest level since 1997, according to a market research firm Gartner report. Since reaching a strategic partnership with Microsoft, Nokia has announced the use of Windows Phone as its main operating system.  Nokia still has no products to fight against, compared with the full outbreak of smartphones under the Android system. Nokia needs to consolidate its leading position in the low-end market through cost-effective products, said Yang, director of marketing and activities at Nokia's Greater China region.
Related Article

Contact Us

The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion; products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the content of the page makes you feel confusing, please write us an email, we will handle the problem within 5 days after receiving your email.

If you find any instances of plagiarism from the community, please send an email to: info-contact@alibabacloud.com and provide relevant evidence. A staff member will contact you within 5 working days.

A Free Trial That Lets You Build Big!

Start building with 50+ products and up to 12 months usage for Elastic Compute Service

  • Sales Support

    1 on 1 presale consultation

  • After-Sales Support

    24/7 Technical Support 6 Free Tickets per Quarter Faster Response

  • Alibaba Cloud offers highly flexible support services tailored to meet your exact needs.