Nokia Reports Net Loss of $522 Million

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It's just sad to see a company like Nokia that used to have such a large presence, fall behind like this. It'd be interesting to find out what was the cause for this company's demise. Was it ignorance? Was it manufacturing problems? I just don't understand how companies these days with all of their employees produce products that have such obvious shortcomings.
 
What does an Os have to dow ith anything, in terms of what would make a phone sell or not? What are people buying phones for almost to say, to have such lose?
 
Hopefully for the sake of the employees, wp7 is a hit. Nokia stubbornly held onto symbian for far too long; all of their efforts should have been focused on android some time ago.

Moving forward, assuming the hardware is comparable, wp7 should pull them out of the hole.

I hate to see anyone lose their job over short-sighted, vision-less management, however the unfortunate reality remains, if you company loses 522mil, the board is going to demand cuts. What makes me sick is that ceo's cio's and the like can drive a company into the ground, resign, and go make more money doing the same thing elsewhere.
 
Nokia is an excellent hardware maker: their build quality is second to none and even in the features department they can easily keep up with the best.

As far as software goes, Symbian is decent and their added OVI features as well. But in a time of iCrap and Android decent software isn't good enough.

But one of the best mobile OS'es, a splash of OVI on top and Nokia's stellar build quality? If customers have half a brain, Nokia's in for a spectacular come back.
 
[citation][nom]dcompart[/nom]It's just sad to see a company like Nokia that used to have such a large presence, fall behind like this. It'd be interesting to find out what was the cause for this company's demise. Was it ignorance? Was it manufacturing problems? I just don't understand how companies these days with all of their employees produce products that have such obvious shortcomings.[/citation]

Simple answer: They don't listen to you and me. Will they buy their own product? no. they will simply receive one for free. would they PAY for their own product? I think this is a question they fail to ask themselves, OR lie to themselves about because of obvious subjectivity.

Adopting Windows Mobile 7 was like betting on the underdog. I take that back, it was not LIKE betting on the underdog, it WAS betting on the underdog. The thing about underdogs is, when they do end up doing well, it's a nice thing to witness. But statistically, it's not gonna happen.

I am sad to see Nokia going down. I know that with a few simple, but harsh decisions, even I could get them back on track...but they have pledged themselves to the wrong things and backtracking on this would simply look bad. THAT is the problem.
 
Dammit Nokia, give em something others don't offer! An e-reader dumbphone for e-books, sms, & calls! You're Nokia, not MSiOSdroid, paying for things with phones instead of credit cards before anyone else...
 
I used to be a Nokia fan, honestly speaking their phones are super durable and last longer than you think. Take the phones today, they all suck ass, especially the phones from the fruity company, one hard drop, end of story.

What Nokia failed to do was they were #1 for too lonng, people in there starts working slower and slower. what happen at the end of Rabbit vs Turtle race ?

and now with a ex-Microsoft employee as their CEO , Microsoft paid them some good money to "don't go Android", but my opinion is that this is another poor decision made by a moron CEO. If they did go Android, with Nokia's name, it will sell easily. Now ? Hmm, WM7 ? no one gives a crap about it.

Time to say bye bye to Nokia.
 
Android would have been a gamble. 20/20 hindsight a good one, but you can't win them all. I suppose they could have at least TRIED to have a PART of their company in Android development. I think that with their superior hardware (integrated FM tuner/transmitter, build qulaity, etc) they could have had a field day cleaning every other mobile phone maker's clocks (sans apple). But, oh well. Their fault for not cutting their losses sooner and switching platforms...
 
we are making better-than- expected progress toward our strategic goals
Click to expand...
which are complete loss of market share and bankruptcy.

It doesn't need a fortune teller to predict Nokia's ill-fated future, alas, they were the best!
 
[citation][nom]jacobdrj[/nom]Android would have been a gamble. 20/20 hindsight a good one, but you can't win them all. I suppose they could have at least TRIED to have a PART of their company in Android development. I think that with their superior hardware (integrated FM tuner/transmitter, build qulaity, etc) they could have had a field day cleaning every other mobile phone maker's clocks (sans apple). But, oh well. Their fault for not cutting their losses sooner and switching platforms...[/citation]

um... yea... betting on Google isn't a gamble, its like if a casino let you bet on red and black spaces on a roulette wheel and come out with more money. there are i think 36 read and black and 1 or 2 green, its not a risky bet.

but betting on microsoft to get s*** dont good, right, and fast? how long did it take from win95 to xp again? than they went vista?
how long did it take android to become a viable ios compediter?

microsoft has one thing going for it, they will get s*** right eventually, but they will get allot wrong before than.

macs... they s*** right from the get go, but no one can get inside the fence without giving out source code.
 
alidan: You're right, but MS can't keep screwing things up forever, these screw ups cost a lot of money. The same thing applies to Intel, how many billions did they waste on Larrabee, Itanium, etc...

Between the colossal OMGWTF fail that is Windows 8 (go find the youtube video if you don't believe me), and the fact that Intel clearly won't survive if heterogenous multicore makes it big, we could finally see more competition and innovation, because the 2 biggest patent trolls in the game won't be there.
 
I could see this coming a mile off... Sticking to Symbian was a bad idea as everyone else moved to Android, Moving towards WP7 is yet another step in that wrong direction.
 
This is just sad. I owned a couple of Nokia phones and they never died on me. Hardware wise, they are one of the best. Software wise...they should keep up with the rest.
 
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