Tags: Finland | Nokia | Ollila | mistakes

Former CEO Concedes Mistakes in Nokia's Downturn

Thursday, 17 Oct 2013 11:57 AM

Ex-Nokia CEO Jorma Ollila says the former No. 1 mobile phone company made several mistakes at its peak, including failure to predict changing customers' needs.

In his autobiography, which translates from the Finnish as "An Impossible Success," Ollila concedes that after 2001 the Finnish company was unable to sustain its role as the main innovator in the wireless industry. Several of its models flopped and it failed to sense popular trends such as folding clamshell handsets and touch screen models.

Ollila said Nokia became "painfully aware" that its cellphone platforms lagged behind U.S. software and the challenges posed by the iPhone.

He also described the planned sale of Nokia's smartphones and services to "arch rival" Microsoft as "dramatic and brave."

© Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

   
1Like our page
2Share
InvestingAnalysis
Ex-Nokia CEO Jorma Ollila says the former No. 1 mobile phone company made several mistakes at its peak, including failure to predict changing customers' needs.
Finland,Nokia,Ollila,mistakes
120
2013-57-17
Thursday, 17 Oct 2013 11:57 AM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved