Former CEO concedes mistakes in Nokia's downturn | Inquirer Technology

Former CEO concedes mistakes in Nokia’s downturn

/ 08:15 PM October 17, 2013

HELSINKI — 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.

Jorma Ollila, former chairman and CEO of Finnish mobile phone maker Nokia, speaks during a news conference on his biography published in Helsinki, Finland, Thursday, Oct. 17, 2013.

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 Thursday at the book publication that Nokia became “painfully aware” that its cellphone platforms lagged behind US 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.”

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

TOPICS: Cell phone, News, Nokia, technology
TAGS: Cell phone, News, Nokia, technology

Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter!

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

© Copyright 1997-2024 INQUIRER.net | All Rights Reserved

This is an information message

We use cookies to enhance your experience. By continuing, you agree to our use of cookies. Learn more here.