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Nokia's OPK is out, Microsoft exec in as President and CEO (updated)
The rumors were true. Nokia just announced a change in leadership: Olli-Pekka Kallasvuo is out, Stephen Elop, the current head of Microsoft's Business Division, is in. That's right, the very Finnish Nokia will now be led by a Canadian. Before Microsoft, Elop, a computer engineer by education, held senior executive positions at Juniper Networks, Adobe Systems, and Macromedia. The embattled OPK will vacate his position as President and CEO on September 20th and will continue to chair the Board at Nokia Siemens Networks. Money quote: "His (Elop's) strong software background and proven record in change management will be valuable assets as we press harder to complete the transformation of the company." Naturally, OPK leaves with a severance package honoring his 30 years of service. That translates to 18 months gross base salary and target incentive totalling about €4.6 million plus 100,000 restricted Nokia shares that will vest on October 1, 2010. Once again, proof that it's good to be king. Update: Click through if you'd like to gaze into the hopeful eyes of Nokia's new CEO. Update 2: Nokia just introduced Stephen Elop to the world in a live press conference (available now for replay) from Espoo. Jorma Ollila, Nokia's Chairman and former CEO, confirmed that the CEO search had been ongoing since late May and OPK, for his part, has been very professional and "very gallant" throughout the process. Jorma then praised Stephen for his "very strong cultural sensitivity," a question that's very near and dear to Finns concerned about a North American taking control of their beloved Nokia. Elop will be moving to Helsinki in the very near future and his first order of business will be to "listen." Elop said that Nokia is well aware of the challenges it faces as well as the solutions to those challenges. It's his job, then, to surface those solutions and to execute on them going forward. Understandably, Stephen refused to talk about specific next steps. Stephen did say that the North American smartphone market is absolutely critical to Nokia and will be an emphasis under his leadership (as it had under OPK, unfortunately, with poor results). Hopefully, Elop's contacts in the US can help. One final tidbit of interest. When Stephen sat down with Ballmer to express his intention to leave Microsoft for Nokia, Ballmer was said to be disappointed but supportive due to his respect for Nokia as a company. He even helped with the transition. Don't you hate it when your stereotypes are debunked?
Nokia quarterly profits drop 40 percent year-on-year as CEO says speculation must end 'one way or another'
Olli-Pekka Kallasvuo was already a man in a hot seat and these latest numbers will do little to lower the temperature. Nokia's net profit for Q2 2010 was €221 million, which most companies would be happy with were it not for the fact that this company pulled in €380 million in the same quarter last year -- and that's with 2009, as Nokia's own report indicates, representing an economically tougher environment. Average selling prices for Nokia handsets used to be €64 back then, which dipped to €62 in the first quarter of this year, and is now at €61. Nokia says this has been caused by price pressures, "particularly in certain high-end smartphones," and though the change may appear small, a Euro's difference tends to be amplified when you're shifting upwards of 111 million units each trimester. For his part, OPK has said that the speculation about him being replaced isn't doing Nokia any good and he's determined that it "must be brought to an end one way or another." Guess we better keep an eye on this one then.
Nokia looking for new CEO to replace Olli-Pekka Kallasvuo, says WSJ
It doesn't come as a complete surprise, but the Wall Street Journal is reporting (care of "people familiar with the matter") that the search is on for a new Nokia CEO to replace Olli-Pekka Kallasvuo. Investor confidence and falling stock prices are to blame as the company has had -- and we're being nice here -- great difficulty competing in the smartphone market against the likes of Apple and Google. Espoo isn't commenting on the matter (yet), but we'll keep you up to date. Better start updating that resume now, dear reader.
Nokia reshuffles management looking for gold
We're not alone in grumbling about Nokia. Investors are miffed -- to put it gently -- over Nokia's inability to ignite the industry (and profits) with innovative, high-margin handset sales since the launch of Apple's iPhone some three years ago. And let's not forget about that feisty upstart Google, Microsoft's revamped Windows Phone OS, or HP's new-found love for mobile devices. Investor unrest was made clear last week as Nokia shareholders gave CEO Olli-Pekka Kallasvuo an earful. But as slow moving as Nokia can be, it's not immune to the situation by any stretch. Following up on its announcement to combine services and devices, we now have details about Nokia's planned re-org, the second in seven months. The goal, as described by OPK, is as follows: "Nokia's new organizational structure is designed to speed up execution and accelerate innovation, both short-term and longer-term." The heat will be on Anssi Vanjoki (pictured) to deliver as he'll be assuming responsibility for the Mobile Solutions group on July 1st. That gives him direct control of Nokia's MeeGo Computers (led by Alberto Torres), Symbian Smartphones (headed by Jo Harlow), and Ovi Services (led by Tero Ojanpera) -- the holy trifecta that interests us the most. Mary McDowell will head the Mobile Phones unit while Niklas Savander will head up the Markets unit. The loser in all of this appears to be Richard Simonson, the former CFO currently leading the Mobile Phones unit, but soon to be retired. Full press release after the break.
Nokia 'combining services with devices,' says the board approves
Late last month, rumors began to swirl that Nokia's fearless leader may be closer than ever to grabbing hold of his golden parachute, and with the frustrations surrounding the company's inability to keep pace with other smartphone producers, it's certainly a believable whisper. Today, those sharks are still looking for answers, and CEO Olli-Pekka Kallasvuo attempted to give some during today's address to shareholders. One choice quote came right off the top, with OPK stating the following: "By combining services with devices, Nokia is in a stronger position to grow and create more value for our shareholders. We still have plenty of work to do, but we have built a solid foundation. We believe in our strategy." He then went on to list some of the many, many fruitful things that the company has delivered over the past few months (sadly not elaborating on the business shift), noting that Ovi Mail now has eight million registered users, Life Tools would be headed to China "soon," and that his company shipped some 432 million devices globally last year -- more than its top three rivals combined. Of course, it's not the sum that investors are worried about, it's the apparent inability to seriously chase the Apples, HTCs, LGs and Samsungs of the world in the smartphone space. To that end, Kallasvuo asserted that in 2010, the company will "introduce a new generation of devices that is expected to help close the gap with the competition in high-end smartphones," and he continued by claiming that Nokia's approach "has been to concentrate on fewer, competitive products that bring the features of Symbian-based smartphones to more and more people around the world." The head-honcho certainly understands the rough position his outfit is in, confessing that Nokia is "working hard to reclaim leadership in high-end smartphones and mobile computers," and also informing the world that the company's next "mobile computer" will be humming along on MeeGo. Best of luck out there, OPK -- it's certainly going to take more than a snazzy Symbian^3 marketing campaign to regain the attention of these Android and iPhone OS loyalists. Update: The full speech has now been posted [PDF], and unfortunately, there really aren't any juicy tidbits to extract. Typical corporate speak from top to bottom.
Nokia CEO Olli-Pekka Kallasvuo being replaced to soothe frustrated investors?
Well, here's a surprise: Reuters says Nokia might consider replacing CEO Olli-Pekka Kallasvuo in order to please unhappy shareholders who don't see the cellphone giant effectively competing in the smartphone market. The report is mostly based on analyst chatter and doesn't provide any hard sources, but we've certainly seen analysts swarm around blood in the water like this in the past, so it's not totally out of the question -- especially given core concerns about Symbian^3 delays, stagnant profit growth, and (uh oh) competing against the iPhone. What's more, OPK pledged to build up Nokia's US presence when he took over, and he's obviously failed to deliver on that promise -- US marketshare has fallen from 20 percent to 7 percent, prompting one analyst quoted in the Reuters piece to wonder if "Nokia really has the desire to fix the problem." Ouch. That's a lot of big questions with no easy answers -- OPK is scheduled to speak to shareholders next week, we'll see what he has to say.
Live from Nokia CEO Olli-Pekka Kallasvuo's CES 2010 keynote
We're in the fabulous Hilton Center waiting for OPK to take the stage; CES isn't traditionally a big show for Nokia, but you never know what kinds of wacky surprises the dude might have in store. Here we go!
Nokia promises to take "Symbian user interface to a new level" in 2010, Maemo 6 in 2H
It's Nokia Capital Market Day again which means that the boys from Espoo are fawning over investors and giving them a reason to stick around in 2010. And you know what? It sure sounds promising for gadget nerds. Why the optimism? Easy: Nokia is hell-bent on redefining the user experience of its Symbian devices. To quote CEO, Olli-Pekka Kallasvuo, "In 2010, we will drive user experience improvements, and the progress we make will take the Symbian user interface to a new level." To bolster this proclamation, the very first bullet point listed under Nokia's Devices and Services operational priorities is "improve our user experience" -- something that would thrill us to no end if it happens. The revamped Symbian UI is set to deliver on two "major product milestones" in the first and second halves of the year. Nokia will also deliver its first Maemo 6 "mobile computer" in the second half of 2010 flanked by a significantly increased proportion of "touch and/or QWERTY devices" in its smartphone portfolio. It's worth noting that all the discussion is around Symbian, just a single mention of Maemo and its "iconic user experience" in the forward looking press release. Developers will be happy to hear that Nokia will also continue to scale services geographically while continuing to enhance its developer tools like QT4.6 announced yesterday. Financially speaking, Nokia expects to see the erosion of its average selling price slowed compared to recent years. That's good as Nokia attempts to grow its margins. However, while Nokia expects mobile device volumes to be up approximately 10% in 2010 across the industry, it sees its own mobile device volume market share as flat in 2010, compared to 2009. Be clear on this though: our incredibly frustrating S60 5th user experience was by far the biggest complaint we had when reviewing Nokia's flagship N97 -- having the most bullet points on a list of features is not what it takes to lure consumers anymore (if ever). If Nokia can better the best in class experiences carved out by Apple, Palm, and HTC with its Sense UI then consumer mindshare, and our hearts, will follow. [Original image via Vladstudio]
Nokia N900 is now shipping!
Nokia's Maemo-based future has begun: the N900 is shipping. According to Nokia CEO, Olli-Pekka Kallasvuo, the eagerly awaited handset is now en route to at least some pre-order customers. We'll soon see if this new generation of Nokia smartphones will be enough to generate the type of mass-market / high-margin appeal that Nokia needs at the top end of its product portfolio or if it's just a tentative first step on a potentially wobbly new platform. Update: Nokia's official blog says to expect the Maemo 5 device to land in "Europe, the Middle-East, Russia and North America" shortly. However, it won't be compatible with the new 3G SIM cards from 3 in the UK, Ireland, Sweden, Denmark and Austria until a software update hits sometime later this year. [Thanks, Juhana J.]
Nokia N97 sells two million units in three months, Nokla sells two dozen
Well, maybe Nokia recently announced a 66 percent yearly drop in Q2 profit. And perhaps N97 reviews have been, how we say, less than stellar. But there definitely seems to be a fan base for the handset: according to Mobile News, sales of both this guy and the 5800 XpressMusic combined to total 10 million in the last 10 months, with sales for the former adding up to a whopping two million since its launch three months ago. In fact, half of the XpressMusic sales were generated since the launch of the N97 -- certainly suggesting that the younger sibling successfully raised the company's profile and brought its fellow handset along for the ride. Does this make Nokia the "undisputed leading player in the smartphones space," as the company's chief executive Olli-Pekka Kallasvuo put it? By sheer volume of devices, perhaps -- but mindshare continues to be a problem that we're guessing they're eager to see if Maemo 5 and the N900 can solve. The CEO of Nokla could not be reached for comment. [Thanks, David D]
Nokia CEO Olli-Pekka Kallasvuo live at D7
Here we go again! Olli-Pekka (or OP, as Walt just told us he likes to be called) has taken the stage... read on for more!Thanks to our editor-at-large and gdgt co-founder Ryan Block for handling photo duties during the show!
Nokia working on laptops, ARM-powered MID?
If you were looking for proof that the line between smartphones and laptops is rapidly starting to blur, look no further -- Nokia CEO Olli-Pekka Kallasuvo told Reuters today that the Finnish company is "looking very actively" at making a laptop, since "what we we know as a cellphone and what we know as a PC are in many ways converging." Sounds about right to us -- but even more interestingly, we're also getting word from the generally-reliable Mobile-Review that Espoo's working on a MID powered by the new multicore ARM Cortex A9 Sparrow chip. If M-R is to be believed, the new device will only somewhat resemble the current N-series Internet Tablets, instead featuring a slide-out keyboard with diamond-shaped keys and a new widget-based interface. That's a mockup from Unwired View above, and we think it looks pretty nice -- although we're hoping Nokia's moved well beyond this hybrid N97 / Internet Tablet design language by the time this thing launches in 2011. This sort of convergence is definitely the next big trend, so we've got to ask: smartphone, MID, netbook or laptop -- what's in your (potentially giant) pocket?[Via Electronic Pulp]Read - Unwired View on ARM-powered MIDRead - Reuters on Nokia laptops
Nokia CEO: No plans for Windows Mobile, S60 touch-screen launch in 2H 2008
After Sony Ericsson's big move into Windows Mobile territory (with help from HTC) you can be forgiven for thinking that Nokia might follow suit. Nevertheless, Nokia CEO, Olli-Pekka Kallasvuo, brought down the hammer on those rumors by saying, "We don't have plans to do Windows in mobile at the moment." Read into that time-boxed, English-as-a-second-language statement what you will. Better yet for S60 series fans, he committed to launching the S60 touch-screen platform in the second half of the year. More on the S60 Touch interface as the Mobile World Congress unfolds.
Nokia, like Apple, will seek its slice of the revenue sharing pie
The argument of the iPhone being an industry "game changer" repeatedly suffers the same pitfall: people end up arguing about the device, not the deal. Fact is, the oh-so-secretive, revenue-sharing model which Apple struck with AT&T, O2, T-Mobile, and Orange as part of their non-subsidized, carrier exclusive has changed the rules of carrier / device maker dance. Now Nokia, as you'd expect with their 40% market share, is asking for their slice of the pie. "As far as mobile phones are concerned we are sticking with our old business model," said Nokia CEO Olli-Pekka Kallasvuo, "that is, we get paid for our devices. But for providing new services we are seriously considering a shared turnover model." Hear that carriers, Nokia just put you on notice. With this and carriers now fighting to be seen as more open than their peers, well, we have a feeling that in a few years we'll barely recognize the US cartel of today. [Via MocoNews.net]
