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Member since:
2008-09-21
When you compare to Apple then even Microsoft is not good in profit margins.
Fact is Nokia made hundred millions of profit every single quarter, year after year. Then Elop took over and a year later they make billions of lose first time in company history. The situation is that worse that nobody believes Nokia can recover. They are rated junk now and have serious cash-problems.
Read again. They made huge profits year by year for more then a decade. Elop took over and within months its billions of lose.
Now the all in one question: How is that better then your unfunded personal "does not look good" impression?
Nokia invested 50 billion in research. That gave them patents which are estimated at 10 billion *AND* successful products that made them the market-leader *AND* billions of dollars of profit resulting from that.
Or do you compare with Apple again? :-) If you do, not forget that it is Apple who pays Nokia 600 million every year cause of that Nokia patent-tressure. And not forget that Nokia was selling more then Apple and Samsung together when Elop took over. Its just now, a year later, that Nokia is a WinPhone-Zombie selling in 4 months what Android sells on 2 days. It is now, a year later, that Nokia lost more then 90% of its value in one year only!!!
Alright. That is why Nokia was number #1 so long till Elop took over?
Not alone, that is correct. All those who where in charge, BOD and management, that supported the CEO where making the errors together. But at the end its the CEO which is responsible. He gets the millions if everything wents well and is the one to blame when it doesn't. For Nokia it does not went well or do you like to argue against that?
No. The Elop-effect is if you combine the Osborn and the Ratner effect at the same time. Elop was the first one testing the fatal effect with the burning memo and killing Nokia within a world record time.
You have to differ. Nokia may had the problem that there leadership was in danger. Others like Apple and Samsung where growing faster and hence the distance shrink. But they did not had the problem to fight to survive! They did not had to fire 1/5 employees, sell assets like patents and divisions and they where not in danger to turn from a global player into a bankrupted emergency case. There is a huge difference between those definitions of "problems". Elop indeed is responsible that Nokia is official rated JUNK now.
I tell you a secret. Its like that in every larger cooperation. Just read those stack-management article that was on osNews some days ago and keep in mind that inside Nokia things where not as bad like they are inside of e.g. Microsoft and yet the first one dies and the second survives.
You need again to differ. Everybody saw that Nokia is loosing ground. That they may in danger to lose there leadership-position some day. But no one predicted that Nokia is going to die in just 1-2 years!
Just look how the forecasts for Nokia where before Elop took over. The common believe was that Nokia may lose 5% marketshare till 2013, not that they are dead that time!
I think you mean Vietnam? That is not where Lumias are manufactored. Nokia does not use there own factories for Lumia. I am not aware of Nokia factories in China but maybe I am mistaken. In nay case that's not where the Lumias are produced. First time in Nokia history Nokia does not use its own factories for its products. Rumors are that it allows Microsoft to easily take over when Nokia aborts Lumia...
A new Nokia R&D in china? Never ever. Not to my knowledge. I doubt that and think you maybe confuse Nokia with something else. Please give sources.
Edited 2012-07-05 13:40 UTC