Nokia Admits Difficulties

"The first iPhone shipped in 2007, and we still don't have a product that is close to their experience," says Nokia CEO Stephen Elop. "Android came on the scene just over two years ago, and this week they took our leadership position in smartphone volumes. Unbelievable."

"There is intense heat coming from our competitors, more rapidly than we ever expected," Elop says. "Apple disrupted the market by redefining the smartphone and attracting developers to a closed, but very powerful ecosystem. They changed the game, and today, Apple owns the high-end range."

Also, "Google has become a gravitational force, drawing much of the industry's innovation to its core."

At the same time, "Symbian is proving to be an increasingly difficult environment in which to develop to meet the continuously expanding consumer requirements."

"Our competitors aren't taking our market share with devices; they are taking our market share with an entire ecosystem."

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