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Nokia Calls it Quits
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Nokia Calls it Quits - September 2, 2013, 11:35 PM

Blackberry is next. Apple and Samsung took on the 4 giants of the mobile phone world, Motorole, Nokia, HTC, and soon Blackberry and toppled them all.

Nokia Sells Handset Business To Microsoft At A Shockingly Low Price - Forbes

It cannot be said that Nokia ‘s decision to sell its handset unit to Microsoft is a surprise. But what definitely are surprises are the timing and the price. Nokia’s glory days of 110 B euro market cap are long gone – yet it’s a visceral shock to see the Devices and Services unit sold under 5.5 B euros. It’s a particularly stunning turn as it seemed that Nokia had finally turned the corner with its Lumia smartphone business literally just months ago. The model that at last helped Nokia to find some volume traction was the Lumia 520, which debuted last spring. Boosted by its sub-$150 price, the Lumia 520 and its sibling models have recently enjoyed substantial momentum in South-East Asia and even at T-Mobile and AT&T in North America. What has given the budget Lumia series a considerable boost this past summer has been the apparent hesitation of key rivals like HTC , BlackBerry and Sony in pursuing the sub-$200 smartphone category.

Why would Nokia opt to sell the handset operations just as the success of the low-end models is returning the smartphone unit to growth track? It is possible that the feature phone sales collapse has turned into such a red rout that Nokia felt it had to push the panic button right now. The Asha range of premium feature phone models had a surprisingly perky year in 2012, but suffered grievously from low-end Android vendor aggression in Africa, Latin America and Asia in the first half of 2013. It could be that the latest wave of $100-130 smartphones from Google’s Asian allies has pushed Nokia’s feature phone business into such a tail spin that immediate measures were necessary. Apple’s new value iPhone may be about to put pressure on Nokia’s high-end Lumia sales.

Nevertheless, the motivation of Stephen Elop will now come under intense scrutiny. Elop came from Microsoft and decided very quickly that Windows was the only hope for Nokia’s smartphone unit, which was still selling more than 24 M units per quarter in early 2011. After he eliminated all alternative operating system options, he has now decided to sell Nokia’s smartphone unit at a notably low price… to Microsoft, the company he will now rejoin.

You don’t need to be a Finn to take a moment to wonder whether Elop’s loyalties have been entirely undivided over the past few years.



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September 2, 2013, 11:43 PM

Man, Nokia brings back some memories. In the next 100 years maybe a total of 10 corporations are going to own everything.


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September 3, 2013, 07:02 AM

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Man, Nokia brings back some memories. In the next 100 years maybe a total of 10 corporations are going to own everything.
I'll see if I can find the diagram, but someone had put together two charts, the first showing how 6 companies own about 80% of all the film and TV broadcast networks in the country which is a pretty powerful statement in and of itself.

The second illustrated how about 10 companies own almost everything stocked in your supermarket.



“Any man who tries to be good all the time is bound to come to ruin among the great number who are not good. Hence a Prince who wants to keep his authority must learn how not to be good, and use that knowledge, or refrain from using it, as necessity requires”.

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September 3, 2013, 07:10 AM

Blackberry will not be long either.

RIM had several opportunities to read the currents and each time got it wrong. Their first touch screen phone was a flawed, buggy and rushed release which put a stain on their reputation of robust rock solid hardware.

When they began hemorrhaging market share, instead of focusing all efforts on the Z10, they released a Tablet - which did nothing to improve their bottom line, STILL didn't address the market share erosion, and the Z10's release was delayed a year.

Continued insistence on keyboards across 95% of models instead of large format touch screens.

Paltry browser and internet experience when compared to Safari & Android's browser.

The biggest item RIM did not acknowledge which set them on the disastrous path, was that smart phones as a category were changing from a corporate, work mission driven device - to a consumer, app / entertainment driven device. Apple released the first Consumer smart phone in 2007 and that was start of the evolution.



“Any man who tries to be good all the time is bound to come to ruin among the great number who are not good. Hence a Prince who wants to keep his authority must learn how not to be good, and use that knowledge, or refrain from using it, as necessity requires”.

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September 3, 2013, 07:52 AM

How the times change......

Motorola - sold. Nokia - Sold. RIM/Blackberry - Up for Sale.

It will be interesting to see what MS does with them as well as what they do with the MS smartphone OS.


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September 3, 2013, 08:16 AM

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Man, Nokia brings back some memories. In the next 100 years maybe a total of 10 corporations are going to own everything.
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September 3, 2013, 08:55 AM

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I'll see if I can find the diagram, but someone had put together two charts, the first showing how 6 companies own about 80% of all the film and TV broadcast networks in the country which is a pretty powerful statement in and of itself.

The second illustrated how about 10 companies own almost everything stocked in your supermarket.
Your are talking about VIACOM I believe.


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September 3, 2013, 09:39 AM

Nokia's stock went up 40% at the news of the sell.
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September 3, 2013, 10:03 AM

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Yes, this one.



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September 3, 2013, 10:09 AM

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Your are talking about VIACOM I believe.
Viacom/CBS (which is under National Amusement's holding company - take a look and see how much THEY own!) yes, is the powerhouse.

Then Disney/ABC, followed by Comcast/NBC/Universal, and Newscorp/Fox.

There's very little on any cable network that they do not own and increasingly they're pushing into the internet space.



“Any man who tries to be good all the time is bound to come to ruin among the great number who are not good. Hence a Prince who wants to keep his authority must learn how not to be good, and use that knowledge, or refrain from using it, as necessity requires”.

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September 3, 2013, 10:11 AM

wonder how that will work out once they no longer can force providers to carry channels that most folks dont watch. I cant wait for a la carte programming to really be an option.


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September 3, 2013, 10:21 AM

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Yes, this one.
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September 3, 2013, 10:33 AM

Too much big company doom and gloom.

Take a look at what is happening with smart watches and crowd sourcing for inspiration. Pebble and HotWatch beat all the big boys to the market. Samsung is just about to launch with them but Google and Apple are trailing.







Crowd sourcing is an excellent way to allow products that YOU want to see out there become a reality. Will they eventually be bought up? Maybe but that doesn't mean everything COMES from the same big three.

Think microbrews for another great example.

Power to the people only works if the people use their power!

Anarchy now!


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Nokia Calls it Quits
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Nokia Calls it Quits - September 3, 2013, 10:55 AM

So is this (media ownership by few huge corps) why Miley Cyrus is famous/popular?
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September 3, 2013, 02:06 PM

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Too much big company doom and gloom.

Think microbrews for another great example.

Power to the people only works if the people use their power!

Anarchy now!



“Any man who tries to be good all the time is bound to come to ruin among the great number who are not good. Hence a Prince who wants to keep his authority must learn how not to be good, and use that knowledge, or refrain from using it, as necessity requires”.

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