Nokia Shares Drop 14% as Staff Walk Out - gHacks Tech News

Nokia Shares Drop 14% as Staff Walk Out

Nokia is having a turbulent week, first the CEO's secret email to staff about the company being in trouble is leaked to the press, then they announce an historic strategic partnership with Microsoft to exclusively use Windows Phone on its high end smartphones.

Many employees didn't like this announcement though, primarily the 1,500 workers employed on the Symbian side of the company who are now worried about their own futures. Many of these workers all took advantage of flexi-time to leave work early yesterday, apparently in protest at the wholesale move to Windows Phone.

Bloomberg reported that shares in the company fell 14% today, which is the largest drop for the company since last summer.

It's not all bad news though, as the first concept image of a Nokia Windows Phone have leaked to Engadget, you can see it below.  I think you'll agree that if Nokia release handsets that look this good then the fortumes of both Nokia and Microsoft can be turned around.
nokia shares
Nokia has had mixed fortunes in recent years and its CEO was forced to admit they'd fallen years behind their rivals.  While the company was working on a new smartphone OS, MeeGo, it could never have had it market-ready in time to get back in the race.

Nokia is still the world's largest phone manufacturer and needs to maintain this position.  So far uptake of Windows Phone has been lukewarm.  This is due to a combination of factors that include smartphone fatigue, Android's current dominance and a poor set of enterprise features.  Nokia is the partner Microsoft need to make Windows Phone trendy.  It looks very much from this image that Nokia will not be letting them down.


We need your help

Advertising revenue is falling fast across the Internet, and independently-run sites like Ghacks are hit hardest by it. The advertising model in its current form is coming to an end, and we have to find other ways to continue operating this site.

We are committed to keeping our content free and independent, which means no paywalls, no sponsored posts, no annoying ad formats or subscription fees.

If you like our content, and would like to help, please consider making a contribution:

Previous Post: «
Next Post: »


  1. murlidhar said on February 12, 2011 at 8:23 am

    there is only thing i would like to remind to all the readers of this article that wp7 is not as customisable as androidOS is.

    personally i preferred symbian better to WP7.
    nokia should bring android devices into picture.

  2. Grissino said on February 12, 2011 at 9:49 am

    Exactly, why they dont put Android? I like to have MS on my desktop but not on the phone. Nokia loose another customer…

  3. dzw said on February 13, 2011 at 1:26 pm

    i despise the look of the windows 7 phone os and its ofset tiled screen. I have used one a bit and it didnt hep. it was slick thats for sure but i just didnt like it.
    This deal will kill nookia

Leave a Reply

Check the box to consent to your data being stored in line with the guidelines set out in our privacy policy

Please note that your comment may not appear immediately after you post it.

Be polite: we do not allow comments that threaten or harass, or are personal attacks. Please leave politics and religion out of discussions!