The latest news from Nokia does not bode well, either: it's closing its Finnish factory.http://www.slashgear.com/nokia-closes-finnish-plant-as-part-of-restructuring-effort-27240594/
Nokia isn't trying right now to win in its market. It's in survival mode and it's going to have to cope with being no longer market leader for a while.
@Himanshugupta, I agree the competition is fierce and may not appear secure. In business world it's all about risk taking. I think Nokia has probably done its homework right this time by making plans to reduce operational cost and hopefully reinvest in vital innovative programmes. It's a risk worth taking. I hope it pays off.
As for Jolia mobile, this was a joint venture I believe with Nokia in 2010 but didn't work. I understand Nokia released the N9 based on Meego smartphone last summer. I'm just curious, what difference can Jolia bring by using Nokia's abandoned OS to create a Meego smartphone? What are your thoughts?
I think Nokia has shown that it meant business by embarking on a serious restructuring programme. The plans to initiate operational changes and focus on cost reduction target are painful but necessary moves. I believe this moves will help to streamline the company and thus refocus on specific key growth areas. These exercises are potential and will prove beneficial in the long run.
Anna, in such fierce competition the future for Nokia does not look secure. I am more hopeful for Jolla Mobiles, who are trying to revive MeeGo and bring smartphones build on this platform.
Anna, Why do you believe Nokia will bounce back? I am not saying it won't but I am interested in your reasons. What will it take in your opinion for this company to regain its footing and is it doing all these?
I so not really think an average customer really worries about company business track. Rather Nokia is suffering in the smart phone segment where the customers actually look at the contemporary and famous phone models. I think Nokia done a decent job with lumia but they should be more aggressive to come out with various models like the Samsung has done with their galaxy. I believe Nokia and its employees are already on this.
@Wale, whichever way we view it, such ratings does impact a company's outlook and equally affect a company's investment opportunities. This rating will not benefit Nokia at a time like this. The company is battling for its survival and I think it will probably regain itself again. It's certainly not the end for Nokia.
This would be a good time for Microsoft to step in and pick up Nokia for a song. Nokia the only mobile phone using their OS, and if Nokia fails, so does Microsoft in the phone market. Nokia's problem is not that they don't have good products, it is lack of faith they will survive their financial problems that will hold the back. No one will buy a phone from a company that cannot be relied on to be in business next week.
EBN Dialogue enables and encourages you to participate in live chats with notable leaders and luminaries. Not only editors and journalists, but the entire EBN community is able to comment and ask questions. Listed below are upcoming and archived chats.
Archived Dialogues
Thailand Stages a Comeback Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Euro-Crisis: What It Means for High-Tech Firms Join EBN Editor in Chief Bolaji Ojo and Contributing Editor Jennifer Baljko on Thursday, July 12, at 10:00 a.m. EDT for a Live Chat on high-tech and Europe's economic difficulties.
Microsoft Surface: Potential Winners & Losers What are the implications for the electronics industry supply chain of Microsoft Corp.'s decision to launch its own tablet PC? Join industry veteran and EE Times' systems and OEM expert Rick Merritt on Tuesday, July 3, at 12:00 pm EDT for a Live Chat on this subject.
Join EBN contributor Jennifer Baljko on Thursday August 23, 2012, at 11:00 a.m. EST for a live chat on how electronic manufacturers in Thailand have shored up their supply chain to reduce the impact of future natural disasters.
Peter Drucker famously said "Trying to predict the future is like trying to drive down a country road at night with no lights while looking out the back window." Yet in the razor's-edge world of electronics—with a lean supply chain and just-in-time demands—the need to know the future is vital.
While no one really can accurately predict the future, we can take guidance from another Drucker saying which is the best way to predict the future is to create it.
You've heard the saying "the No. 1 supply chain risk is your people." That hasn't always been the case. But today's complex global supply chain requires a new type of multitalented employee. It's one who understands, finance, marketing, economics, is savvy with technology, graceful with relationships and can think analytically.
Where are these people? Are universities properly preparing the next generation supply chain professionals? How do train your existing workforce for these new, demanding positions?
Brian Fuller, editor-in-chief of EBN, will lead a 60-minute Avnet Velocity panel discussion that will ask and answer these and other questions swirling around today's supply-chain talent challenges.
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