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HIGHLIGHTS-Nokia Q4 results conference call
January 27, 2011 / 1:24 PM / 7 years ago

HIGHLIGHTS-Nokia Q4 results conference call

HELSINKI, Jan 27 (Reuters) - Nokia NOK1V.HE, the world’s top cellphone maker by volume, reported a third profit fall in a row and warned of a weak start to 2011 as it continues to lose ground in the smartphone business.

The following are latest comments from a company conference call with Chief Executive Stephen Elop and Chief Financial Office Timo Ihamuotila.

CEO ELOP ON STRATEGY:

“Nokia must compete on ecosystem to ecosystem basis. In addition to great device experiences we must build, catalyse or join a competitive ecosystem. And the ecosystem approach we select must be comprehensive and cover a wide range of utilities and services that customers expect today and anticipate in the future.”

“Whatever the strategy is we outline on Feb. 11, we very clearly ensuring that it will give us the opportunity to reopen markets such as the U.S. and some others, where we have not recently been present.”

CFO IHAMUOTILA ON COMPONENTS:

“We expect component tightness to continue at least through the end of Q1.”

CFO IHAMUOTILA ON THE E7 MODEL

“E7 product, which was originally expected to ship in Q4, is now estimated to start shipping during Q1 and clearly this will not contribute to Q1. We however expect at the moment that product to contribute to Q2.”

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