Soleron said:
kowenicki said:
Those facts alone arent enough. Nokia was a dinosaur and it was in meltdown when he arrived. If they hadnt done what they did, it would now be bankrupt.
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No, it wasn't. Its featurephone business was healthy and in fact growing. Cool =/= healthy.
He sunk all his existing healthy businesses via the Burning Platform memo and pipeline cancellations, well before any new products could have made up the revenue. True inaction would have given them far more time to let the new business become profitable.
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Huh? He had nothing to do with feature phone failing in the market.
Feature phone strategy and performance in 2012 was one of the few things that helped their bottom line and helped their stock recovery. The Asha/Symbian line of phones performed great.
By 2013 though it was all over in the develiping world as Samsung had the distribution and platform to scale low end Android smartphones at feature phone prices. The phones were horrible but you could have them for 50 bucks.