Nokia's Boss Under Fire For Holding On To Microsoft's OS
Bangalore: Nokia chief executive Stephen Elop, faced an angry investors at the company’s annual general meeting held at Helsinki. He was criticized for his 2011 decision for using Microsoft’s Windows Phone platform on the company’s Smartphones, reports Reuters.
Addressing the investors in the meeting, Elop, re-confirmed the company's support for the Windows platform.
“We make adjustments as we go. But it's very clear to us that in today's war of ecosystems, we've made a very clear decision to focus on Windows Phone with our Lumia product line. And it is with that we will compete with competitors like Samsung and [Google] Android." He said
However, Elop's statements received strong rebuke's from some investors. One of the shareholder named Hannu Virtanen told Elop. “You're a nice guy...and the leadership team is doing its best, but clearly, it's not enough," he also added, "Are you aware that results are what matter? The road to hell is paved with good intentions. Please switch to another road!”
Nokia had their peak in 2000, trading at 65 Euros, but currently the company is running under huge crises, Its shares has dropped down, and is now trading at 2.72 Euros. It had a disappointing first quarter results announcing a massive 21 percent drop in mobile phone shipments.
However, some analysts expect that Nokia would soon gain significant share in the Smartphone market. By selling cheaper Smartphones such as higher-end Asha handsets, in emerging markets, and its decision on Android which could change numbers.
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