Olli-Pekka Kallasvuo is probably the most oddly named CEO in the world,
but it's okay, since he's the head of the planet's biggest phone maker
in terms of global market share. But Nokia
isn't the giant they once
were, and holding the lion's share of the phone market is becoming
much, much more difficult with new players like Apple and HTC really
stepping up their game. Nokia has yet to really come out with a
"superphone" that can rival the iPhone
, DROID and HTC
to mention the Google Nexus One), and the company's true smartphone
share has been slipping because of it.
Thankfully for Nokia, they're still selling loads of phones in
developing markets--cheaper handsets with less functionality. But that
song-and-dance may not cut it for much longer, and investors seem to be
growing frustrated while waiting for Nokia to finally take a serious
swing in the smartphone market. The N900 was a dude (Maemo doesn't even
exist any more as a standalone OS), the 5800 XpressMusic turned out to
be a featurephone, and the N8
is getting awful first reviews.
According to a new Reuters report, "Kallasvuo, who has spent more than
half of his life at the company, could give his last speech to
shareholders if Nokia cannot roll out a serious challenger to Apple's
iPhone for the key holiday-sales season at end of the year." That's
right, the Nokia chief may be saying his goodbyes soon unless a 180 is
seen quickly. Also, Nokia's announcement that Symbian^3-based phones
would be delayed from Q2 to Q3 sent shares downward further, as the
next generation iPhone is likely to launch well before then.
Many industry analysts are now predicting that the end is near for Kallasvuo,
but there's no concrete proof just yet. We would understand him
stepping down, but in the end, we just want some real smartphone
competition from Nokia. For a name so big, it's crazy to think that no
Nokia phone really rivals the other top-tier smartphones on the market.