It's Official: Nokia Shareholders Are Losing Patience

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Finnish smartphone maker Nokia  (NYSE: NOK  ) recently hosted its annual meeting with shareholders, and they were not pleased with CEO Stephen Elop's turnaround in progress. It's been over two years since the company embarked upon its transition under his leadership, and investors are now demanding results.

Nokia's all-in bet on Microsoft  (NASDAQ: MSFT  ) Windows Phone may be translating into increased Lumia sales, but overall smartphone shipments have plunged as the company abandons Symbian. It also doesn't appear that Nokia has a backup plan, and shifting to yet another platform would take far too long.

In the video below, Fool contributor Evan Niu, CFA, discusses where Elop has done well, but why he ultimately may be running out of time.

Nokia's been struggling in a world of Apple and Android smartphone dominance. However, the company has banked its future on its next generation of Windows smartphones. Motley Fool analyst Charly Travers has created a new premium report that digs into both the opportunities and risks facing Nokia to help investors decide if the company is a buy or sell. To get started, simply click here now.

Read/Post Comments (4) | Recommend This Article (0)

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  • Report this Comment On May 09, 2013, at 10:40 PM, techy46 wrote:

    Those that have lost patience should've load up last July at $1.70 PS and sold shares from 2011 building a tax loss to take against Apple gains when they sold in the Fall of 2012. They would now have a $3 average cost on thousands of shares and could have the patience to wait until 2014 when Lumia 1000 has Intel Atom Inside with WP8.2 running on first 100 million Windows phones.

  • Report this Comment On May 09, 2013, at 11:45 PM, drjekelmrhyde1 wrote:

    Yeah they should have went Android because we all know how well other Android OEMs are faring against the marketing power of Samsung, not to mention the Billion+ Microsoft gave them to stay alive. I love the Fandroids saying "with Nokia hardware I would get a Android model" bull the HTC One is built way better than any piece of crap Samsung has, yet they seem to can't get their heads out of Samsung's butt.

  • Report this Comment On May 10, 2013, at 7:13 AM, john1ash wrote:

    BS. 'Been there, seen that. '

    There were some elderly shareholders who feel losing considerable sums keeping the shares from 30-50$ down to present levels. Most shareholders understand well that the present line has way better prospects than staying with old Symbian or going with Android.

    As Mr.Siilasmaa says: If you haven't sold your shares, you've lost nothing so far.

  • Report this Comment On May 10, 2013, at 7:35 AM, simonlegrue wrote:

    I can't believe this abbreviated junk is considered worth posting anywhere. Niu, I hear McDonalds needs more burger flippers.

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