Nokia today filed its 20-F financial report for the last fiscal year, in which it reiterated its projections for the next year ahead on device sales and margins for both devices and services, as well as for its Nokia Siemens Networks division.
CEO Stephen Elop continues to bet Nokia (NYSE: NOK) on Microsoft’s Windows Phone 8. Some skeptics are losing faith in Elop and Nokia, which has imploded while Apple iPhone, Samsung Galaxy and Google Android smartphone sales soar.
AT&T customers who took the plunge on Nokia’s Lumia 900 have had to sit idly by and watch Windows Phone 8 supercede the software loaded on their own devices, but they’ll soon be able to experience at least part of what WP8 brings to the table.
Relations between Nokia and its former BFF Microsoft are evidently not as cosy as once they were. While the Finnish mobile maker has reiterated it’s “immediately focused” on Windows Phone for smartphones it has also indicated it is keeping an open mind about using alternatives to Microsoft’s mobile OS in future — potentially even considering a move to Android.
The Nokia (NYSE: NOK) Lumia 820 and 920 smartphones, built on Windows Phone 8, earned an incomplete and immediate backlash from investors during a launch event yesterday. The concern: Nokia did not disclose pricing, availability or carrier support for the smartphones, prompting Nokia shares to plummet 16 percent. The VAR Guy’s spin: Don’ worry about investors.
Despite recent suggestions that Nokia is at least keeping an open mind about adopting Google’s Android platform, the company has reiterated that it is sticking to its guns with Windows Phone and its homegrown S40-based Asha devices.
The decision by mobile phones market leader Nokia to replace its very own operating system Symbian with Microsoft Windows Phone 7 on future smartphone products is a dramatic admission that Symbian is obselete. However, the question for many will be is whether Windows is the answer?