Seems like Nokia’s Lumia phones not able to make a mark on many specially the one to which matters a lot about the company well-wished – the European carriers. Four major telecom operators in Europe, where the phones have been on sale since before Christmas, told Reuters the new Nokia Lumia smartphones were not good enough to compete with Apple’s iPhone or Samsung’s Galaxy phones. “No one comes into the store and asks for a Windows phone,” said an executive in charge of mobile devices at a European operator, which has sold the Lumia 800 and 710 since December.
“Nokia have given themselves a double challenge: to restore their credibility in terms of making hardware smartphones and succeed with the Microsoft Windows operating system, which lags in the market,” the executive said. He said Microsoft’s software worked nicely with PCs and allowed you “to do tonnes of cool things” but few customers knew this. “If the Lumia with the same hardware came with Android in it and not Windows, it would be much easier to sell,” he said.
Moody’s Investor Service yesterday downgraded the senior debt ratings of the Finnish mobile giant Nokia to Baa3 from Baa2 and its short-term debt ratings to Prime-3 from Prime-2. All ratings continue to have a negative outlook. As soon as the rating announced, Timo Ihamuotila, Nokia’ Executive Vice President and CFO responds back by saying, “Nokia is quickly taking action. Nokia will continue to increase its focus on lowering the company’s cost structure, improving cash flow and maintaining a strong financial position.” Nokia will report its first quarter 2012 results on April 19, 2012.