Nokia CEO 'Paranoid' About iPhone Competition

[ax3]

Increasing competition from Apple and Research in Motion will prompt the cellphone maker to ramp up on research.


Nokia CEO Olli Pekka Kallasvuo said he is "paranoid" about Apple's entry into the cell phone market. Kallasvuo made the comments on Thursday during Nokia's earnings conference call.

Even though Apple's goal is to sell 10 million iPhone's by the end of 2008, Nokia said the significance of the iPhone should not be underestimated.

Kallasvuo went on to say that Nokia will spend more on research to combat the threat from Apple and Research in Motion's BlackBerry product line.

Motorola CEO Ed Zander had quite a different approach to Apple's iPhone. In early September Zander said Motorola's strategy was to be "boringly consistent."

Nokia's net profit jumped in the third quarter, as the company made up for the falling average selling price of its phones by shipping more of them, the company said Thursday.

For the three months ending Sept. 30, net profit increased 85 percent over the third quarter of 2006, to ,1.6 billion (US$2.3 billion). Net sales rose 28 percent to ,12.9 billion. Earnings per share rose 90 percent to ,0.40.

The company shipped 112 million units, 26 percent more than in the same period a year before. Nokia estimates it holds a 39 percent share of the mobile market.


Source : http://www.pcworld.com/news/

Nokia should't worry. It has many models in its arsenal, from the ultra-cheap 1110 to the everything-but-the-kitchen-sink N95 8gb. Apple can't take over the market with just one model, especially one that is so expensive.

[W i d e S c r e e N]

I think these press releases are from the same stable as
out of a coma, into the apple store
How NewYork Times "Throws Apple a Puff Piece"
$ 100 Apple Store Credit For early iPhone Owners
and many others,
courtesy apple(?)

[ax3]

bt IPHONE is a REAL threat 2 all other mobile companies ..........

[venkatx5]

Great to know.. Thanks..

[W i d e S c r e e N]

iPhone is cool looking gadget

if gets Nokia's CEO paranoid it only shows how much he cares about his company future,
if any CEO must get Paranoid it should be of Sony (&Ericcson)

the links only meant that these news releases are part of marketing campaign

[aryayush]

Umm... do you have any idea what you just said?

"if gets Nokia's CEO paranoid it only shows how much he cares about his company future"

Honestly! I can't believe you actually typed that.

What a load of crap!

[ax3]

@aryayush ...... u call this crap ....... sorry frd no personal feelings ....bt if u OWN a company then these things r bound 2 happen ...... dont u thing so ?

[aryayush]

I think his post made no sense. That's what I found funny. I am not dissing the CEO of Nokia.

[ax3]

@aryayush ....... oooh yes yes ..... sorry from my side ......

[Gigacore]

iPhone sucks. . . i dont know why Nokia CEO is worried so much. . . it can never beat nokia. . . . and nokia can never beat apple if they start to manufacture PCs

[aryayush]

Originally Posted by ax3

@aryayush ....... oooh yes yes ..... sorry from my side ......

Hey, no need to apologise. Sometimes it is difficult to express yourself through just text.

[Kiran.dks]

A Smart phone manufacturer paranoid of a brainless eye candy. lol!

[Gigacore]

lol kiran bro

[aryayush]

Uh... you found that post funny!? o.O

What's the world coming to!

[ray|raven]

Originally Posted by aryayush

Uh... you found that post funny!? o.O
What's the world coming to!

Dont ask. Just Dont ask

Regards.
ray

[a_k_s_h_a_y]

of course nokia is now afraid of iphone
it will take away many nokia users.... like all people who need only basic features

people who want all features will stick to nokia.. as iphone can't satisfy them

and people who want real multimedia phones will choose SE.. and SE has no worries !

[Cool G5]

I don't think there should be any worry for Nokia.
They would deliver it if apple makes any move.Already they rule.

[W i d e S c r e e N]

Originally Posted by aryayush

Sometimes it is difficult to express yourself through just text.

+1

[gxsaurav]

OOOOOOOOOOOOOOOOOOOOOO, so tempted to take part in this discussion..but alas! must resist kicking the arse of macboys