Nokia’s Ollila Promises New Products To Investors

Posted on May 3 2012 - 7:34am by Editorial Staff

With the continuous troubles – bad quarter results and the rival Samsung ousteding the mobile giant; Nokia’s Jorma Ollila promised a range of new products ahead of a meeting on Thursday with shareholders who are increasingly seems worried and losing patience with the company recovery efforts. Ollila told the Financial Times (via Reuters) the Finnish company would launch a range of tablets and “hybrid” smart mobile devices, but did not say when. He added, Nokia had been too slow at the start of the smartphone revolution, but said the combination of new products and Nokia services 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. The company has lost out to Apple and Google in the smartphone business and is now pinning hopes of a turnaround on Lumia, a new range of smartphones which use Microsoft software (the company is in partnership with Microsoft for adopting Window Phone). “Tablets are an important one, so that is being looked into, and there will be different hybrids, different form factors in the future,” he said. The company recently seems its ranking downgrades to junk status by Standards and Poors and Flitch.

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