Thread: Let's talk Nokia stock. Really.
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juiceme is offline juiceme
2013-11-23 , 10:00
Community Council | Posts: 4,920 | Thanked: 12,867 times | Joined on May 2012 @ Southerrn Finland
#2267
Originally Posted by gerbick View Post
Simply stated, he committed an unprecedented Osborne Effect by killing one brand that was still selling (yet not growing in market share which in itself the market was growing) and then coming out with an unpopular mobile OS that meant Nokia had an uphill battle whereas it truly could have been avoided.
I'd say the biggest problem was the lack of a migration path from Symbian to WP. And the immaturity of the WP platform, of course.

It shows up the arrogance and hubris in Nokia management at that time, I think they honestly belived that public was going to eat up everything delivered to them, unquestioningly.


Originally Posted by gerbick View Post
BB is a different story, but with similar ingredients. Bad management, bad decisions, bad delays and a misunderstanding of how the market was going to change. Those are the similar ingredients. BB thought their enterprise inroads would keep them ahead of most; it didn't. BB also thought that nobody wanted a touch screen; they were 100% wrong there. Nokia disregarded touch, but built it anyway. There's some other differences... but BB was just plain arrogant whereas Nokia was just plain disillusioned.
One difference between BB/Nokia strategies is that Nokia still had other legs to support it, like the network business. Over the years it usually has been so that one or other has been the supporting leg while the other rested.