updated 09:15 am EDT, Tue October 4, 2011
Elop tries to upstage iPhone at Helsinki tech show
At a technology fair in Helsinki this week, Nokia CEO Stephen Elop reiterated that the company will introduce several Windows Phone handsets this quarter. The company is expected to formally unveil at least one of its new Nokia Windows Phone 7 models at the upcoming Nokia World trade show in London. Leaks show Nokia has developed at least two Windows Phone handsets, known by their internal codenames "Sea Ray" and "Sabre."
Elop may have been trying to steal some thunder from today's iPhone event. Competition from the iPhone, and from Android handsets, recently pushed Nokia out of the top spot in the smartphone segment. Nokia had been the world leader in the smartphone market for fifteen years.
The company announced a radical shift earlier this year, dropping its proprietary Symbian OS in favor of Windows Phone. The bid to regain momentum in the smartphone market may have backfired and unsettled investors. The company's stock has lost half its value since the announcement.
Nokia also recently announced it would cut another 3,500 jobs in further restructuring. The company eliminated 4,000 positions when it closed the Symbian division. [via Reuters]
Nokia Sea Ray prototype