updated 04:55 pm EDT, Thu May 6, 2010
Nokia focus on software backed by board
Nokia chairman Jorma Ollila said the company's management is fully supported by the board in focusing on offering services and slowly shying away from hardware, according to a Thursday report. Nokia has began offering Internet services that include music downloads, e-mail and maps. A chief executive at the company admits there is plenty of work left to do, but a solid foundation has been laid down.
The company is under pressure to compete with a smartphone ecosystem such as Apple's, which includes a comprehensive app store and music delivery service. Nokia's Ovi Store and its music counterpart were formed partly as a response but haven't been enough to stop a decline in smartphone market share as the iPhone, as well as the BlackBerry range, continue to gain ground.
The company's recently unveiled N8 smartphone running the company's latest Symbian^3 operating system was given a poor review and was said to have failed to challenge the iPhone.