Nokia has appointed Microsoft business manager Stephen Elop as its new chief executive. The appointment may mark a sea-change in strategy at the top of the mobile phone giant.

In July, Nokia reported a 40% slump in second quarter profits, as it struggled to break into the smartphone market.

Nokia is still by far the world’s biggest phone manufacturer but has fallen behind the likes of Apple, HTC or Samsung for smart devices. It could spell the end for Symbian, the Nokia operating system, though a move to Microsoft, which has also failed in smartphones, is less likely than throwing their lot in with Google’s Android.

Other posts by :

1. Markets braced for SpaceX IPO
2. Eutelsat shares crash despite good news
3. Analyst: Years of subs growth ahead for Starlink
4. SES CEO: “Multi-orbit is now key”
5. More details emerge on SpaceX IPO
6. Viasat confident despite SpaceX threats
7. Blue Origin launch pad destroyed
8. AST SpaceMobile’s story “more than hype”
9. Musk to merge Tesla with SpaceX?

Categories: Articles, Mobile, People