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Nokia SEC filing reveals all the risks ahead

Posted: , by Victor H.

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Nokia SEC filing reveals all the risks ahead
Nokia’s latest filing with the US Securities and Exchange Commission (SEC) is a huge document with a lot of boring numbers, but there’s a couple of interesting things you can take from it. Nokia gives away all the risks coming with its transition to Windows Phone and gives some “forward-looking statements” for the future.

The biggest hurdle Nokia faces? 

"Global ecosystems around the Apple and Android platforms have increased the competitive barriers to additional entrants looking to build a competing global smartphone ecosystem, such as Nokia with the Windows Phone platform," the company admits.

Windows Phone is slow to catch up - Microsoft’s mobile platforms (including the dated Windows Mobile) have only been declining in the last couple of months and are struggling to get traction. Nokia, for once, has sold a not-too-impressive just over 1 million WP devices in the first three months of availability.

At the same time, Nokia publicly and a bit prematurely deemed its Symbian “a burning platform” back in February 2011. No wonder sales of Symbian smartphones declined quicker than the company expected. This is why the Finns now expect to sell "fewer Symbian devices than previously anticipated."

It seems that the focus will be mostly on lower-end devices, though. "Lower-priced smartphones with specifications that are different from Symbian’s traditional strengths" are another reason for the decline of Nokia’s own OS.

What we like and dislike about this report at the same time is its frankness. Nokia openly doubts parts of its Windows Phone adoption plan. In the report you can read lines like "consumers may be reluctant to provide personal data to us as a result of our partnership with Microsoft." Such an openness however at least shows that the company is realistic about its prospects, something that other companies like RIM for instance don't publicly admit.

Most recently, Standard & Poor’s downgraded Nokia’s credit score to BBB- with negative outlook. Still, it's clear that we're in the early days of Windows Phone, and with Windows Phone 8 the horizon could widen for both the platform and the company. Here's to hoping.

source: Nokia (PDF) via TheNextWeb

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1. shy2papa posted on 09 Mar 2012, 03:13 3 1

Hate to say I told you so, Nokia executive should add android and other OS To its line up don't put all your eggs into one basket.

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2. Shubham412302 posted on 09 Mar 2012, 03:48 3 1

if noka would have gone to android,it would have been rocking now.....
but now it's too late for nokia to understand that future is in android not wp....

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5. haseebzahid posted on 09 Mar 2012, 04:27 2 1

and then we would never had a chance to get another OS which is unique and 3rd good option for us unlike before people never had 3rd option and now we have it so give WP7 - 8 a chance to stand out and it is really better in some cases but it is still growing

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3. Bluesky02 posted on 09 Mar 2012, 03:53 3

It is normal that we'll see regular news about Nokia losses. Windows Phone race has just begun. Nokia sales and revenue will be observed by analysist, journalist and whoever related as this year is very crucial for Nokia. I won't be surprised to see more future news about Nokia losses. However by year Windows Phone don't get any traction and Nokia is not turning into even small profit, then we can assume that its over. So far we have till next year early quarter to wait and see.
Yet, Nokia won't fail in the Asian market.

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4. mikocok posted on 09 Mar 2012, 04:03 3 1

fire elop the trojan horse

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6. allen83 posted on 09 Mar 2012, 07:43 1

If they continue the meego os I think they will survive the game. Especially the meego os have a POSITIVE review in regards to functionality and overall use of the phone and os. Am i right?

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10. mattypaul posted on 11 Mar 2012, 05:02 1 1

So does Windows Phone

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7. moneyrockers posted on 09 Mar 2012, 09:38 1 1

Nokia should continue with Symbian and develop its future OS ( Carla & Donna ). Nokia will always rock in Asian market particularly in INDIA. They should also continue thier progress with MeeGo.Windows Phone should be kept as third option by Nokia.

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8. iiiarena posted on 09 Mar 2012, 13:42 1 1

fired elop
fired balmer
fired joe

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9. lubba posted on 09 Mar 2012, 17:50 1 1

You know, Apple has the greatest support system. You'll never see or hear their "fanboys" talk shiit about them. That's why Apple is so successful! Here it is, bitchings nonstop,"Nokia should have done this, done that!" Nokia already made a choice. There is no turning back. If Nokia doesn't have great support system, they will go down and guess what, dont have to bitch anymore. There's only two choices, either STFU or support what Nokia and MS has to offer.

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