Nokia to push out cheap Windows Phone handsets quickly

Nokia CEO Stephen Elop
Nokia CEO Stephen Elop

Speaking during a meeting with Finnish business journalists, Nokia CEO Stephen Elop said the handset maker would produce inexpensive Windows Phone handsets quickly. The ability to produce smartphones with a very low price point was reportedly on of the key factors in selecting Microsoft as a partner for the future of the Finnish company’s mobile platform. “We have become convinced that we can do that very quickly,” Elop said during this meeting on Friday. The final agreement between Microsoft and Nokia should be inked within the next few months and Windows Phone handsets are expected by the end of the year.

The initial response to Nokia’s decision to drop Symbian and adopt Microsoft Windows Phone has been mixed. The Finnish company’s stock dropped more than 20% and many Finnish employees unhappy with the decision took a voluntary day off when the deal was announced earlier this month. A group of stockholders claimed to be staging a coup to unseat Elop, but this Nokia Plan B initiative was later revealed to be a hoax.

Though many Symbian fans may be disappointed to see their mobile OS of choice disappear, mobile industry executives view the plan as a good move for two companies that are struggling in the mobile marketplace. Nokia is the top manufacturer by volume but is losing marketshare each quarter to Apple’s iPhone and Google’s Android OS. Microsoft is currently on the bottom, trying to fight its way up the ladder. This partnership will give each company a much needed boost.

Nokia CEO Elop also sold all his Microsoft shares on February 17th and purchased 150,000 shares of Nokia. The CEO came under fire earlier this month when it was discovered he held a large amount of Microsoft stock and none in his own company. The battered CEO claimed regulations prevented him from selling this stock during the negotiation period between the two high-profile companies. Now that the deal is public and close to being inked, the former Microsoft executive sold his interest in Microsoft and rightly invested it in Nokia.

[Via Reuters and Engadget]

  • http://yobif.com Yobif

    Then what about symbian…. If windows and android entered into nokia…

  • http://twitter.com/Lisaantony Lisa Antony

    Nokia has the license to customize WP7. Actually, they claim they’ll be working in partnership with MS to that purpose. So, I’m aready assuming that the WP7 OS we’ll find on Nokia phones will be to some degree different (albait compatible, I really hope) from the one on other hardware producers.

    I also think it will be quite likely we’ll see other features I can’t really understand why are currently missing in WP7, such as thetering and Sync with Outlook.
    In other words, I think this degree of exclusivity may be enough to generate that uniqueness that is indeed needed to compete against the iPhone.

    Check this to see what other developers have to say: http://www.youtube.com/watch?v=kfWFvCJJaNs

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