#nokia ceo

Nokia posts surprise Q2 profit rise ahead of CEO change

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Finnish telecom network equipment maker Nokia reported an unexpected rise in its first-quarter underlying profit on Friday, amid the COVID-19 pandemic as its new chief executive Pekka Lundmark takes over on Saturday.

Lagging behind its rivals China’s Huawei and Sweden’s Ericsson in 5G network sales, Nokia said its April-June underlying earnings rose to 0.06 euros per share from a profit…

Rajeev Suri steps down as Nokia President, CEO

New Delhi, March 2 (IANS) After serving for more than a decade as President and CEO of Nokia and Nokia Siemens Networks, Rajeev Suri has stepped down, paving the way for Pekka Lundmark to wear his shoes in the global role, the company announced on Monday.

Suri indicated earlier to the Nokia Board’s board of directors that he was considering stepping down from his role at some point in the future,…

Nokia CEO Stephen Elop thinks that the dual-core and quad-core mobile processors are not really useful to consumers.Dual-core and quad-core mobile processor simply drain battery and are not useful to the consumers,according to Nokia's chief executive officer Stephen Elop."Dual-core,quad-core mobile phone is just a waste of lithium battery,not all so useful," Chinese news daily YangCheng quoted Elop as saying.

At this moment,Nokia and Windows Phone platforms offer smartphones housing single-core mobile processors.As opposed to that,the Android based smartphone makers have already moved to quad-core mobile processors this year.First quad-core mobile processor based smartphones have been announced last month at the Mobile World Congress 2012 and are expected to be available later this year.

Elop's stated that dual-core and quad-core mobile processors bearing smartphones drain lot of battery and are not really useful to the consumers.At this moment,all major operating systems-iOS,Android,BlackBerry OS and Windows Phone offer distinctive features more or less still struggle provide a consistent nimh batteries life benchmark.Respective developers of the mobile operating systems are working day in and out to roll out better power management offering updates.

Nokia chose Windows Phone platform as one of its major high-end smartphone operating system.At this moment,the company offers single-core mobile processor based smartphones under its Lumia series branding.Microsoft's president for Windows Phone,Andrew Lees stated last October that the company has plans to roll out Windows Phone devices with dual-core mobile processors and Long Term Evolution network support.Currently,Windows Phone 8 is being tested with the dual-core Qualcomm Snapdragon S4 MSM8960 mobile processor.

Nokia currently offers Symbian and Windows Phone based devices and is yet to come out with dual-core mobile processor supporting models.Considering Microsoft's promise,we can expect the first dual-core Windows Phone device late this year but there are no such promises being made for Symbian platform.