Nokia CEO’s Leaked Memo Mentions Apple, iPhone Marketshare
An allegedly leaked memo of Nokia CEO Stephen Elop sets the record straight on Nokia’s position on a “burning platform” and the success of Apple in the past three years:
In 2008, Apple’s market share in the $300+ price range was 25 percent; by 2010 it escalated to 61 percent. They are enjoying a tremendous growth trajectory with a 78 percent earnings growth year over year in Q4 2010. Apple demonstrated that if designed well, consumers would buy a high-priced phone with a great experience and developers would build applications. They changed the game, and today, Apple owns the high-end range.
The first iPhone shipped in 2007, and we still don’t have a product that is close to their experience. Android came on the scene just over 2 years ago, and this week they took our leadership position in smartphone volumes. Unbelievable.
Awareness is the first step to build better products. Full memo available here.