Nokia CEO Admits Firm was Caught NappingVW Staff
Nokia Corporation (ADR) (NYSE:NOK) chief executive Stephen Elop as good as admitted on Tuesday that the firm had been wrong-footed by the sheer speed of changes that took place in the mobile phone industry.
Talking to Finnish newspaper Aamulehti, Elop said: "We had moments in the past year and a half when we could have done some things differently had we known that the industry was changing so rapidly."
exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email email@example.com and we will get back to you as quick as humanly possible