Helsinki. For the Finnish mobile phone maker, Nokia, this year could be a difficult year for them. Their markets increasingly eroded by the insistence BlackBerry and iPhone. No wonder, in the second quarter financial report this year, Nokia cut profits 31%.
Nokia operating profit in the second quarter amounted to 660 million euros, down from last year's operating profit amounted to 775 million Euros. Not only that, when compared to first quarter 2010 results, they also cut profits 40%.
Results are not too surprising. Because, last month they share in the global market has eroded 11%.
"This year really difficult year for Nokia. It is apparent, this time they were in trouble with the company and their business strategy," said analyst Geoff Blaber Insigh CCS.
The financial performance of Nokia which plunged further reinforce this suspicion that Nokia is currently seeking a new CEO, Olli-Pekka Kallasvuo replace. Because, Kallasvuo is considered not able to bring Nokia to compete with other smartphone manufacturers like Research In Motion (RIM) with her BlackBerry, and Apple with the iPhone.
"These past weeks has been much speculation regarding my position as CEO. This is clearly not good for Nokia, and must be immediately stopped," said Kallasvuo.
Rumors about the turn Kallasvuo has existed since many months ago. "But if Nokia decides Kallasvuo remained, the others can be anything. Investors want to change not just a reshuffling," said Gartner analyst Carolina Milanesi.
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