Nokia expects 2011 and 2012 to be transition years
The newly announced partnership between Nokia and Microsoft brings a lot of changes to the Finnish company and its financial reporting and future. That is one reason why “Nokia expects 2011 and 2012 to be transition years, as the company invests to build the planned winning ecosystem with Microsoft.”
The company announced that its 2011 yearly prospects are uncertain and doesn't provide any details for its annual targets. Nokia, however, will keep providing quarterly forecasts to mark its progress in adopting Windows Phone.
When the transition is over Nokia aims to achieve better long-term results. Espoo expects:
- Devices & Services net sales to grow faster than the market.
- Devices & Services non-IFRS* operating margin to be 10% or more.
Nokia predicts more competition in the cell phone industry with the adoption of smartphones, but just how is this going to work out for them? Let us know what you think!
1. PhoneLuver posted on 11 Feb 2011, 03:04 1 0
Like someone said.. "Two turkeys don't make an eagle!"
2. rafael.roque posted on 11 Feb 2011, 03:04 1 0
Today is a sad day... Rather than shake up management and expedite Symbian and Meego around QT; Nokia's CEO decided to appeal to the blind masses. I'm sorry to hear this news, because part of the reason why I loved Nokia was having something different than everyone else... Now I'm at a crossroad which I did not want to be at.
Thanks a lot previous Nokia Management and Corporate personnel; you were responsible for this, not Stephen Elop! He didn't force Nokia to loose market share and value; you did!
9. Billcrogenz (unregistered) posted on 11 Feb 2011, 09:51 0 0
Sad, that they give in to mr.big.
Nokia needs to concentrate on what made it big. Regular feature phones, don't get into smart phones if your stuff is not smart enough.
Nokia why don't you come back to America and offer phones like you used too. Oh wait I forgot, we got bored of you and your new stuff. And now with windows 7, still boring.
3. acolyte posted on 11 Feb 2011, 04:29 1 0
Transition indeed, ... of power from Nokia to Microsoft. Let the invasion begin... My heart goes to those who are working very hard & those who are waiting patiently for MeeGo. MeeGo will be sidelined and eventually eliminated.
4. BaiGanyo posted on 11 Feb 2011, 04:35 0 0
This match up makes so much sense for both. A software that doesn't get onto many handsets and a phone maker that has struggled with weak software on smartphones. But I agree, it is kinda sad. I'm no huge microsoft supporter, but WP7 isn't terrible by any stretch. And Nokia had to do something soon. I suspect that Meego is not testing well for them, so rather than bank on something they already knew isn't workable is at least responsible. Hopefully they keep working on something of their own in the meantime. I would hate to see them become nothing more than a windows phone handset maker. Nokia is better than that.
5. OsirisRa posted on 11 Feb 2011, 04:46 0 0
Nokia disappoints once again. Meego had so much potential. Maemo 5 was ahead of the game in terms of multitasking and web browsing. I got my wife a Nexus One and I have to say that Andriod is weak compared to Maemo 5 and its a dead OS! Why the hell was Maemo 6 abandoned for Meego? Nokia has turned there back on the Linux Foundation. Nokia nows makes great hardware no longer with an out dated OS (Symbian), but with a piece of S$#T OS (WP7).
6. bluechris (unregistered) posted on 11 Feb 2011, 08:09 0 0
I thought 2009 and 2010 were already transition years, and 2011 i had thought would be one of further UI transition and market stabalization. Of course Symbian 3 was not all it should have been but i'm not conviced another 2 transition years and another new platform anouncement was the right thing.
To be honest, seriously disapointed that they want to kill SYmbian. Maybe This was his plan all along.
7. ryq (unregistered) posted on 11 Feb 2011, 08:22 0 0
people will now be afraid to buy nokia smartphone even more and will wait for their windows phone instead.
8. Mathew4Maemo (unregistered) posted on 11 Feb 2011, 08:28 0 1
Whatever, N900 with Maemo is the King, Nokia wanted simple software for American-brained people(symbian is too complicated- folder within a folder within a folder thing), I am glad for them that they found. This means that now only software will make a difference. What worries me more, is the fact that MeeGo seems to be designed to work only on Intel processors, someone wanted to eat to birds with one bite. Bad Intel, very bad..... . ;)
10. lubbalots (unregistered) posted on 11 Feb 2011, 10:33 0 0
What is there not to like about MS? WINDOWS OS is widely used. and I don't see what the gripe is with wp7. If you don't like something, don't buy it or even use it. If you like iPhone, keep buying iPhone. If you like android, go buy it, but good luck with that os. There's so many Android phones, people will be buying Android every couple months just to keep with the updates and technology. And for what Android is, its just an iPhone copycat . This is why its a good thing for Nokia to partner with MS.
11. rafael.roque posted on 11 Feb 2011, 16:44 0 0
I find this insulting, for Nokia to try to spin this off as "exciting news"!... I bought a Nokia for its Symbian OS, if I wanted Windows Phone OS I would of bought something from HTC or Samsung! Nokia and Symbian was a choice for us, now we are left with no choice! Symbian isn't broken, it's the upper management that failed to plan and execute that's broken. Meego was also miss-managed, it was meant to compliment Symbian in the tablet/netbook segment; thus creating a complete eco-system with the Qt framework as the link to manage both platforms growth. Mr. Elop was suppose to shake up management and expedite this plan, not kill it off and give up Nokia's assetts to microsoft!
12. lubbalots (unregistered) posted on 11 Feb 2011, 18:11 0 0
Symbian is not being killed off people. Read! Meego is to become a "test subject.". Hey if they something that works from meego, who knows what could happen with Symbian and wp7. Anyway Nokia and MS did the right thing. Android and those who build for it are all iPhone copycats. This is not what Nokia and MS is all about. and now that iPhone and ipad has spread , who'd want to invest in a cheaply made Android vs iPhone at the same price. Now with Nokia and MS, you'll get hardware plus a noncopycat software that will rival Apple. You know the Asian manufacturers are building new android phones left and right nonstop. At this rate, just like the housing market, there will be an "android burst."