Friday, March 24, 2023

Nokia lacks confidence in its OS and CEO

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

Kugan is the co-founder of MalaysianWireless. He has been observing the mobile industry since 2003. Connect with him on Twitter: @scamboy

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