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Friday, 15 June 2012

5 blunders that put Nokia in the hot seat

Nokia CEO Stephen Elop is in a bind now, but the problems at the company sprung up long before he joined the company.
Nokia CEO Stephen Elop shows off the Lumia 900 at CES 2012

If Nokia goes down, it won't be CEO Stephen Elop's fault.
The company appears to be in a nosedive after it warned again that its financial performance would disappoint. In addition, the company said it would cut 10,000 positions, or nearly 10 percent of its work force, by the end of 2013, as it reshuffles its management team and showed a few executives out the door.

While the clock is ticking, Elop still has a chance to pull the company out of its nosedive. Things don't look good, though, and they could get worse before they get better.
The seeds of Nokia's possible demise were planted long before Elop took the reins. A series of missteps turned the once dominating leader in handsets into a company barely alive.
Here are some of Nokia's biggest blunders:

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