Nokia’s result last week confirmed all what we knew or suspected: profit is down, the CEO is on borrowed time and it still doesn’t have a competitive operating system.
Quarterly earnings dived 63% as average handset sale prices fell €3 to €61 and operating margin shrank nearly by a third to 2.9%.
Interviewed on CNBC, embattled CEO Olli-Pekka Kallasvuo declined to comment on his position other than to admit that the speculation was damaging.
Telecom Asia- Full article
