Nokia could well be looking to make the switch from Symbian to Android after CEO Stephen Elop suggested that the company may be falling behind market rivals.
Former Microsoft executive Elop, in a conference call, said that the company “has a fundamental competitiveness problem overall”.
“Nokia faces some significant challenges in our competitiveness and our execution,” Elop said. “In short, the industry changed, and now it’s time for Nokia to change faster.”
He said that customers today buy smartphones based not only on the hardware, but also on the software and services that come with them, something he believes Nokia are failing to take advantage of.
"The game has changed from a battle of devices to a war of eco-systems and competitive eco-systems are gaining momentum and share....We must build, catalyze or join a competitive eco-system," he said.
The company announced profits for the three months had fallen by 21 per cent from €948 million last year to €745 million. Market share was also down, having slipped form 34 per cent in 2009 to 32 per cent in 2010 and the company has warned of weak results for the current quarter, the Wall Street Journal (opens in new tab) reports.