Thursday, May 3, 2012

Nokia to launch tablets and smartphones to please exasperated investors

Helsinki / London: Nokia's outgoing President Jorma Ollila has promised a range of new products in advance of a meeting on Thursday with shareholders that are increasingly losing patience with the company's recovery efforts.

In an interview published on Thursday, Ollila told the Financial Times, the Finnish company launched a range of tables and a "hybrid" smart mobile devices, but did not say when.

Ollila, who resign at the meeting after 27 years with the company, told the Financial Times that Nokia has been too slow in the beginning of the smartphone revolution, but said the combination of new products and services Nokia would help.

Nokia is widely expected to unveil its first tablet computer later this year when Microsoft's new Windows 8 operating system becomes available.

"Nokia fate in the tables is directly linked to Microsoft, which must also succeed in this space," said Pohjola analyst Hannu Rauhala.

Nokia has lost to Apple Inc. and Google Inc. in the smartphone business, and now linking hopes of a change in Lumia, a new range of smartphones that use Microsoft software.

Once hailed as a national hero in Finland to transform Nokia from a toilet paper-to-rubber boots conglomerate to the world No. 1 cell phone maker in 1998, Ollila then come under criticism for neglecting the appearance of the smartphones.

"Tablets are important, so that is looked at, and it will be different hybrids, different form factors [handset designs] in the future," he said.

Sales of Nokia's new smartphone range so far has been slow and is still to make up for diving sales of earlier products. Nokia also lost his position as the largest volume mobile phone maker Samsung Electronics last quarter.


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