Nokia ▪ September 8
Nokia ▪ July 30
Strategy Analytics has issued its latest estimates of global mobile phone shipments, and reports that Huawei overtook Microsoft (which incorporates the Nokia-designed Lumia) last quarter to become the third-largest mobile phone vendor in the world. The company saw its shipments grow almost 50% to 30.6M units, contrasting strongly with an overall industry growth rate of just 2%.
Ken Hyers, Director at Strategy Analytics, added, “Huawei shipped 30.6 million mobile phones and captured a record 7 percent marketshare worldwide in Q2 2015. Huawei is rising fast in all regions of the world, particularly China where its 4G models, such as the Mate7, are proving wildly popular. Huawei has finally overtaken Microsoft to become the world’s third largest mobile phone vendor for the first time ever.”
The company shared some earnings results earlier this month, showing a 30% increase in revenue and claiming to be on track to hit 100M sales this year.
Samsung retained the number one slot, but saw its market share slip from 22.3% to 20.5% on disappointing Galaxy S6 sales. Samsung earlier revealed an 8% drop in profits, the fifth year running it has reported a decline in profitability …
Nokia ▪ July 8
Windows Phone has not been the greatest success story in the world, and Microsoft’s purchase of Nokia to produce its own handsets looks to have been an even bigger flop. The company today announced that it is writing off $7.6B against the Nokia business – more than it paid for the company in the first place.
Microsoft has also revealed that it will be laying-off 7,800 staff – more than 6% of its workforce – over the next few months, mostly from the Phones business … expand full story
Nokia ▪ April 27
Nokia ▪ April 20
The Nokia Brand phone company that Microsoft subsumed may be on the verge of a comeback to phones if recent rumors prove true. According to a recent report, the new/old Nokia will begin producing phones as soon as it is contractually able to do so and those phones unsurprisingly will run a flavor of Android.
Unlike other patent houses that do little more than license intellectual property, Nokia Technologies has designed new products and licensed them to other companies. So far, these ambitions have been small in scale. The division has released just two products — an Android program called Zlauncher and the N1, an Android tablet design it licensed to another manufacturer that is selling it under the Nokia name in China. Its return to the market is likely to employ a similar tactic.
But insiders said those two products are just the beginning.
“They have a lot of great stuff in development,” said Richard Kerris, a former Nokia executive who also consulted for the company until last year as part of his last startup. “It gave me complete confidence that Nokia is a company that is not going away.”
While Kerris said he couldn’t go into specifics, he said people will be blown away if some of the stuff he saw comes to market.
If you consider Nokia’s N1 Android tablet, the first to use the newly popular USB-C type of interface, which apparently, it can release outside of its Microsoft agreement the rumor isn’t surprising. In fact, it is pretty obvious.
But this whole episode really stinks to me. Microsoft’s Stephen Elop moved to Nokia in 2010 from Microsoft. Within months, he wrote a frightening memo that the company had to shift courses and eventually move to Microsoft’s shifting phone OS which was as disastrous a decision as it could make. Then, as the value of the company was rapidly depleted based off of that poor decision, the smartphone part of the business with Elop in tow gets bought by Microsoft at a steep discount.
Now, a lifetime later in mobile phone years, Nokia is doing what it should have done a long time ago and move to Android. Perhaps there is still some life left in the company. We’ll see. expand full story
Nokia ▪ December 10, 2014