u.s. market

Dear Stephen Elop: Suggestions for saving Nokia

To: Nokia CEO Stephen Elop Re: Nokia's turnaround

Dear Stephen:

It's clear from your "burning platform" memo--where you compared Nokia to a man on an oil platform in the North Sea who wakes to explosions and fire, but who survives after choosing to leap into the icy sea--that you're upset. And I don't blame you.

While Nokia is still the No.1 seller of mobile handsets in the world, its lead is quickly eroding, especially at the high end of the market. Research firm Gartner reported today that smartphone sales rose 72 percent … Read more

Nokia prepares for major shake-up

Nokia's CEO Stephen Elop is reportedly preparing for a major shake-up at the company as he searches for a way to save the once mighty cell phone brand.

Elop is expected to unveil a new strategy for turning around the company at its investors' conference in London on Friday. Nokia has been slipping in terms of market share the last several quarters as it faces stiff competition at the high end of the market from Apple's iPhone as well as phones running Google's Android platform. And at the low end, the company is also facing competition from … Read more

Is Nokia serious about the U.S. cell phone market?

Nokia wants to be back on top in the U.S. market, but how serious are the company's intentions?

While Nokia's execs are adamant the company, which has only 3 percent of the U.S. cell phone market, wants to make a big push in the U.S., its actions say something different.

At the company's annual Nokia World conference in London, Nokia introduced three new smartphones that use its new Symbian 3 operating system. But none of these new devices will be offered by a U.S. carrier, which means it's unlikely that U.S. … Read more

Nokia to close its two U.S. flagship stores

Nokia, the world's largest maker of mobile handsets, said Thursday that it plans to close two flagship stores in the U.S. as it refines its sales strategy and struggles to get a bigger foothold in the North American market.

Nokia also said it plans to close one of two stores in London. And it will look for a new location for its Sao Paolo store.

The U.S. Nokia stores that will be closed are in New York and Chicago. Nokia has 12 stores worldwide. It opened the first store in Moscow in 2005. Nokia said closing the … Read more