4 ms·

> Should this unlikely chain of events ever occur, Elop would be entitled to an accelerated, $25M payoff. It seems awfully strange that Nokia's board would inc

• apalmer 13y ago
  Perhaps the board was unable to attract a quality CEO because it was generally accepted that the downfall of Nokia (a la RIM) was unavoidable, so they attempted to make it attractive? i mean i dont really understand it just trying to come up with a logical rational
• speeder 13y ago
  How way behind? In brics Nokia had like 60% of smartphone market in 2011... They only lost that market because they made no new cheap smartphones, opening the door for Chinese crap
  • HelloMcFly 13y ago
    Nokia did not have 60% of the smartphone market in 2011. That's absurd. In US: [1] http://www.businessinsider.com/android-versus-iphone-smartphone-share-2011-4 http://www.businessinsider.com/android-versus-iphone-smartph... Global: [2] http://bgr.com/2011/05/19/android-grabs-53-of-global-smartphone-market-share-ios-50-of-application-revenues/ http://bgr.com/2011/05/19/android-grabs-53-of-global-smartph...
    • cwoods 13y ago
      "BRICS is the acronym for an association of five major emerging national economies: Brazil, Russia, India, China and South Africa." http://en.wikipedia.org/wiki/BRICS http://en.wikipedia.org/wiki/BRICS
      • HelloMcFly 13y ago
        I skipped over the BRICS part, but it doesn't change the equation. Anyway meaningful way you slice it Nokia was "way behind", even if they still had a legacy in a few markets that primarily used dumb phones (or "feature phones"). I couldn't find BRICS-specific numbers or I would post them too, but I'd like to see any reputable source that they had anything close to a 60% marketshare in a non-dumbphone category. Edit: Found this link for China. Hard to believe the the other countries would swing the shift so dramatically. http://www.phonearena.com/news/In-China-Android-is-blowing-away-iOS-Symbian-leads-Apple-as-of-the-end-of-last-year_id29137 http://www.phonearena.com/news/In-China-Android-is-blowing-a...
        • speeder 13y ago
          I could not find all my numbers again. Also remember that mid-2011 Symbian manufacturing stopped (thus all new sales at the end of the year were of old phones already shipped). Yet from your own link, it states that Symbian still was ahead of iOS. Anyway, I DO have numbers from Brazil: http://techcrunch.com/2012/09/03/android-smartphone-sales-led-by-big-screens-are-growing-everywhere-except-in-the-u-s-kantar/ http://techcrunch.com/2012/09/03/android-smartphone-sales-le... (some other numbers I had were also from Kantar, unfortunately their site is TERRIBLE) Note that in 2012 Brazil STILL HAD 22% of new Smartphones being Symbian. Also, several other countries in 2011 still had some good Symbian numbers (like first or second place). Suddenly stopping selling Symbian to switch to WP7 made no sense, even worse when claimed it was to make it different (when other manufacturers ALSO made WP7 phones). I just wish I could find the 2010 and 2011 numbers for all the BRICS again, but today that is seemly very hard :(
          • HelloMcFly 13y ago
            I think what I take issue with is referring to any device running a Symbian OS as a "smart phone". Many Symbian phones were just "feature phones", and this is probably (though I can't prove it) especially true in BRICS countries. It's not really a fair comparison. We've got little reason to believe Nokia's fate would have been any different in those markets as they developed than it was anywhere else. Plus, did you ever use an actual Symbian smart phone? I used this one for a bit (http://reviews.cnet.com/smartphones/nokia-e7-dark-gray/4505-6452_7-34176635.html http://reviews.cnet.com/smartphones/nokia-e7-dark-gray/4505-...) and it was just terrible. And it was probably one of the top 5 best Symbian models!
• lanaius 13y ago
  I read the "unlikely" as sarcasm implying that the events were potentially quite likely, particularly given the structuring of the contract.