John Paczkowski on Nokia:
The company suffered a decline in feature phone sales during the first quarter — a contraction so nasty that there was no way rising Lumia sales could offset it. Nokia sold 55.8 million feature phones in the quarter, down from 70.8 million a year earlier, putting them at their lowest level in at least a decade.
A brutal drop, and one that presents quite a conundrum for the struggling Nokia. The company’s turnaround hinges not just on the success of its high-end Lumia smartphone line, but on the continued success of an old cash cow — its feature phone business.
Time. It’s running out.