Nokia in trouble and banking on WP7
Seems Nokia's problems are worsening with each passing day. Their devices are being out-sold and out-preferred, not to mention conditions arising that is preventing the handset manufacturer to provide 2011 forecasts. While they have joined Microsoft with Windows Phone 7, the journey ashore will be a rough one until Mango is here and upcoming Nokia devices are released.
Symbian is a sinking ship, which Nokia has to milk as much as possible, the company said in a statement that their operating margin “could be around breakeven.” Stephen Elop, CEO of Nokia, said:
"We recognize the need to deliver great mobile products, and therefore we must accelerate the pace of our transition. Our teams are aligned, and we have increased confidence that we will ship our first Nokia product with Windows Phone in the fourth quarter 2011."
Until the time to jump ships arrives, Nokia are to work on adding capabilities to its Symbian portfolio and will up its retail marketing. Do you think Windows Phone enough to save Nokia, and will their WP7 devices sell?