Earlier this week, Nokia’s CEO came out and admitted something had to drastically change at Nokia, or they would basically be done…
“We poured gasoline on our own burning platform. I believe we have lacked accountability and leadership to align and direct the company through these disruptive times. We had a series of misses. We haven’t been delivering innovation fast enough. We’re not collaborating internally. Nokia, our platform is burning.” – Nokia CEO, Stephen Elop
Well, Stephen, the former head of Microsoft’s business division, revealed his master plan to reinvent Nokia… and his answer? Windows Phone 7.
Seriously. That’s his answer. To move from one failing platform to another. Excuse me while I catch my breath from laughing so hard and wipe the tears away from my face. This is golden.
During Nokia’s presentation, he presented this ridiculously optimistic graphic, showing what Nokia thinks will happen to phone OS market share:
First, I would like to point out that Symbian has no where near 50% of the market share. It is currently in 2nd place with 31% of the market share (as of Q4 2010), behind Android who has 33% of the market share, and has been exploding over the last year.
Likewise, Windows Phone is currently claiming a gigantic 3% of the market share. Yup… 3%. So how on Earth Nokia thinks 31% of a failing OS added to 3% of a failing OS adds up to over 50% of the market share completely blows my mind. I can’t even fathom how they came up with this fantasy candyland illustration.
Well, I decided to fix up Nokia’s graphic for them with a much more realistic illustration:
Dear Nokia: If you think Windows Phone OS is going to be your saving grace you are sorely mistaken. If I owned any Nokia stock at this point, I’d be selling it asap (Just as an added el-oh-el, Nokia’s stock is down 13% at the time of writing this post… apparently investors agree, terrible decision Nokia). Enjoy failing as a company.