Analysts: Stephen Elop must turn around Nokia by early 2013 or else

Analysts: Stephen Elop must turn around Nokia by early 2013 or else
Some analysts are counting down the days that Nokia CEO Stephen Elop has left to turn around the Finnish based handset manufacturer. Magnus Rehle, a partner in Greenwich Consulting, said that the executive has been at Nokia for two years and has not been able to get enough customers even though Nokia sells nearly a million phones every day. The poor response to the introduction of the Nokia Lumia 920, Nokia's first Windows Phone 8 model, led to a 25% decline in Nokia's stock in the two days after the introduction of the device. Along with the Nokia Lumia 820, the two Windows Phone 8 models were seen as merely refreshed versions of Nokia's current Windows handsets. The executive had told the investment community to expect new phones and the analysts feel let down.
While Nokia will ship the new models before Christmas, (the latest rumor has the Nokia Lumia 920 being released October 21st via AT&T) the two phones will be hard-pressed to compete against the red-hot Apple iPhone 5, which has sold 2 million units in the first 24 hours of accepting pre-orders, and the Samsung Galaxy S III. The latter has sold in excess of 20 million units in its first 100 days. And you can't forget the Samsung GALAXY Note II. The original sold over 10 million phablets.

Interestingly enough, in the quarter that end in June, Nokia sold 6 million Symbian powered handsets which beat out the less than 4 million Windows Phone powered handsets Nokia sold in the same time period. Some analysts are already writing off this coming Christmas and say that it won't be until Spring 2013 before Nokia has a chance for a turnaround. Gartner analyst Carolina Milanesi says, "It will certainly be an iPhone Christmas."

Nordea analyst Sami Sarkamies says it is hard to say if someone else would have done a better job than Stephen Elop, but he sees the CEO as having until the end of the first or second quarter of next year to prove that his strategy will work. In the midst of a major restructuring, Nokia has lost 3 billion EUR ($3.9 billion USD) in the last year and a half.

Also looking bad for Elop is the recent revelation that the company used professional photographs and claimed that they were taken by the camera on the Nokia Lumia 920. Compared with the slick introduction of the Apple iPhone 5, this "black eye" is the type of setback that could lead to Elop's dismissal from Nokia.

source: Reuters

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Lumia 920
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62 Comments

1. wendygarett unregistered

Just fired him already :D

9. wendygarett unregistered

Elop shouldn't kill symbian and meego in the 1st place, instead elop should develop it to compete and negotiate with Google so symbian and meego can play Google play apps...

48. neutralguy

Posts: 1152; Member since: Apr 30, 2012

Being a WP exclusive means letting go of other OSes. I think, it's a good move based on Nokia's state by now. And hey, a free OS for them plus a billion dollars every year is not a bad at all. Besides, WP is starting to gain track. And that's a proven fact. :)

49. pikapowerize

Posts: 1869; Member since: May 03, 2012

yeah its a fact but hey... iPhone just sold 2 million in just 24 hours and it will be available this october... how about WP? still on november... and might be push back again... (hope not true) i really wish that microsoft act fast! but make it feature-rich! and it wont be half-baked! im really hoping that WP8 to have a REAL Voice assistant like Siri and google now!! so hoping to see one! coz if not, they're delayed in the competition! even RIM is addressing this too!! and making a solution for the upcoming BlackBerry 10!!

60. neutralguy

Posts: 1152; Member since: Apr 30, 2012

fastest selling phone is iPhone 5 with 2 million in 24 hours? nahhh. here's a phone that really sells like hotcakes. http://www.gsmarena.com/xiaomi_sells_300000_mione_s_phones_in_4_minutes_12_seconds-news-4833.php

15. Angkor

Posts: 108; Member since: Jul 05, 2012

Bankruptcy is best for Nokia unless Microsoft buy it.

24. pikapowerize

Posts: 1869; Member since: May 03, 2012

actually they are only unimpressed coz they dont bring what people expect on the lumia 920, a monstrous 41 mp pureview... but actually the 8.7mp pureview phase 2 is enough on lumia 920... it just remove the loseless zooming but at least it has the best camera! and its prove to be a worthy smart-cameraphone... i believe nokia can turn around the odds! they can get what they lost! and android wasnt really the answer... it will never gonna be the answer! coz there's a lot of android player but struggling to get a market share! even that optimus G that has better specs than the s3...but it wont have the same glory and fame that s3 receive! and yes, they shouldn' abandon symbian and meego... well atleast on meego it is still supported through jolla, how about symbian? symbian is really capable now of doing great stuff!! stuff that is a "requirements" on a smartphone today! the only s**tty about it is its app store and browser! but its really an awesome OS now! and the sales of symbian is still impressive even elop wanted to destroy it! so i hope nokia shouldnt play blind and dumb again!!! i want them to work with symbian... work with it... you make a symbian smartphone that was 5 years advance in the competition before and i believe that they can do it again!! on the camera department they already did it with 808 pureview so just develop symbian more and more! but yeah.. in order to do this... fire elop first!

61. xtplnet

Posts: 61; Member since: Mar 03, 2012

You are right Man!!! At all this time Nokia promises customers that they bring extraordinary devices and customization with windows Phone 8 but , Nokia 920 is defiantly a big letdown. They used familiar terminology like pureview for Nokia Lumia 920 but Nokia 808 Pureview has totally different implementation which sometimes let you forget you are using mobile and not d-slr Camera , and don't let me start with abandoning Meego platform. Just give that Elop Pink Slip already!!

56. AeroPrime

Posts: 175; Member since: Feb 21, 2011

Yes and maybe not..... Nokia need someone that could really market their phone better than how iPhone did it? Need to give a little bit push of excitement make sure people know about it... I still see people who still does not know about Lumia phones.

62. AppleHateBoy unregistered

Turn to Android already. It will bring them back in the game. Think: the Pureview 808 with Jelly Bean. :D

66. chaoticrazor

Posts: 2347; Member since: Aug 28, 2012

android cant handle the sensor and pureview at the moment yes lots would like a nokia android phone but its not a guranteed solution, give wp8 its shot. android has a way to go too

2. InspectorGadget80 unregistered

OR ELSE YOU'RE FIRED!!! How bout using ANDROID OS for once then you can sell LOTS OF HAND SETS

3. chaoticrazor

Posts: 2347; Member since: Aug 28, 2012

well no, android isnt the key to instant success, besides its a crowded market with sony, samsung etc maybe if nokia become a major player again they can look at that but until then it would be a bad move

26. -box-

Posts: 3991; Member since: Jan 04, 2012

There is no guarantee with any OS. HTC, LG, Motorola, pretty much everyone except Samsung have been less than successful with Android. If apple made iPhones with their current equipment they'd be second-tier devices. If folks could get their ios apps on another OS fewer would buy iPhones. There are many who are loyal to Samsung Android phones, so it would be difficult for another company to crack that. Nokia's strategy is sound, but its sudden abandonment of Symbian and MeeGo was surprising and slightly irrational, unless it was a condition of their getting Microsoft's money.

50. Whateverman

Posts: 3295; Member since: May 17, 2009

I gotta disagree dude. A Nokia with Google Android would be a huge hit! Nokia is a name that people know and trust. All the companies you mentioned make really good phones, but all have serious issues with either hardware or their custome UI's. Not to mention that Samsung is the only OEM that adding anything of real value in terms of features. S Beam and Phonton share my not be the most ground breaking features, but it makes people go "Ooooh, I want that!". I think if Nokia put out a vanilla Android device with top notch specs and the Nokia name across the top, customers will flock! Everyone had a Nokia 8100 back in the day because they looked great (at least back then), they were almost bullet-proof, and they would lock onto a signal like a pitbull on a rawhide bone. Their reputation alone is enough to attract customers, but for me... Their unwillingness to make CDMA phones and the Windows OS just kills any hope I have for ever another one. Hopefully that will change someday.

55. D-Saif

Posts: 1; Member since: Sep 20, 2012

I was a loyal Nokia customer until I saw Ice Cream Sandwich!!! They need to make Android Phone to gain those old customers back!

59. TechPsycho

Posts: 32; Member since: Sep 05, 2011

i totally agree with you man.

63. AppleHateBoy unregistered

Yeah. Nokia phones still have unmatched signal quality in any phone ever made. And there is the brand name, the Nokia Maps. Plus they have lots of patents which they can also use(read that somewhere).

4. Apple_Royally_

Posts: 42; Member since: Sep 15, 2012

Fire him right now and the boards. Eflop hates Linux and was an ex Microsoft employe. Finland public should boycot him.

5. TheRetroReplay

Posts: 256; Member since: Mar 20, 2012

Why hasn't that guy been fired yet? He's been running it into the ground since he was in charge. Then when Microsoft said they weren't going to buy Nokia he still didn't do anything to turn it around. The only thing that will save Nokia now is Android and that will only happen when Elop is thrown out on his duff.

6. rusticguy

Posts: 2828; Member since: Aug 11, 2012

It's long overdue. Elop has to Elope :)

7. metalpoet unregistered

An Android powered nokia phone would be pretty sweet as long as they throw everything they can into the device without holding back, i hate it when companies present a phone as a high end premium phone just for it to have last years technology*cough Iphone 5*

8. threed61

Posts: 259; Member since: May 27, 2011

Gotta love a keen grasp of the obvious.

10. downphoenix

Posts: 3165; Member since: Jun 19, 2010

Elop is the worst CEO since whoever the CEO of Enron was, forgot their name.

12. Doakie

Posts: 2478; Member since: May 06, 2009

I highly disagree. He's no where near as bad as Leo Apotheker was for HP and webOS. Leo was a special kind of a$$hole, he nuked HP and left with gobs of money.

31. downphoenix

Posts: 3165; Member since: Jun 19, 2010

He did cost HP a few billion, but he didnt also cause their stock to tank 85+% lie Elop did. Elop also has costed the company more.

36. -box-

Posts: 3991; Member since: Jan 04, 2012

I think any of the managers of GM in the last 5 years have been pretty horrendous. Also the guy who was in charge of Lotus cars until recently

11. Giggity

Posts: 147; Member since: Nov 17, 2011

I would be surprised if his final act as Nokia CEO is to sell off his Nokia shares to Microsoft

13. snowgator

Posts: 3621; Member since: Jan 19, 2011

Nothing official from Nokia, and no real rumors from them. This is another analyst looking to grab headlines. I am not arguing his days HAVE to be numbered if things do not turn around, but no one knows what that number is. I still believe in Nokia and love that WP 8 is being embraced by most major carriers in most markets. Sand glass is emptying, but if sales are good and continue to trend up Elop has a fair chance of surviving. Side note: Of course it will be an iPhone Christmas. How stupid of a prediction is that? The bigger challenge for the iPhone will be matching the those sales all year.

14. krimHD

Posts: 106; Member since: May 23, 2012

are they still giving him till next year??? whats with them?

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