By: Michelle (Shuangyan Liu) Crystal (Jingjing Yu) Kristi Rajewsky Cathy (Xiunan He) History - Kristi SWOT Analysis - Crystal Competitors - Michelle Industry Analysis - Kristi Global Market - Cathy Recommendations Short Term - Michelle Long Term - Cathy Conclusion - Crystal PAST Founded in 1865 by Fredrick Idestam Based in Findland Originally Nokia was a Wood-Pulp Mill Manufactured paper near Nokianvirta River 1967 - Three companies merged to form Nokia 1960 - Production of mobile radios CURRENT May 2007, production of Nokia 1100 handset In 2007, Nokia released the new Nokia N82 “COMES WITH MUSIC” 2008 Nokia’s version of the Blackberry, E71 was introduced August 2009 Nokia Booklet 3G was introduced FUTURE Nokia 888 Phone of the Future Still on the drawing board Wear as a watch Carry it anywhere in any form Targets young customers STRENGTH Good Quality Nokia is well known for their good quality for their mobile devices Very Strong Brand Image Nokia has been doing a great job when it comes to brand recognition Nokia's market share was 38.3% WEAKNESS Weak From Going International Nokia is well known nationally Just not as well known in the United States Price Nokia has been known for being a pricier phone In order to make their high quality phones they have to sell them for higher prices OPPORTUNITIES Make a plan to get in to United States Nokia needs to come up with a plan so that they can be big in the United States just like they are for instance, in North Korea Market share of the USA is 10% Plan for Improvement Nokia needs to examine other avenues of services for their mobile devices THREATS Economic Recession As of right now every company is facing an economic recession In 2008, Nokia's net profit of the fourth quarter is $744,000,000 a decrease of 70%. Competitors Every company has their problems with their competitors Nokia’s Top 3 Competitors Motorola Sony Ericsson DOPOD MOTOROLA Established in 1928 The second largest mobile phone producer CEO Edward Zander Advantages in DESIGN Three Business Groups Motorola Mobile Devices Motorola networks and enterprise communications Division Motorola broadband networking division. In China, provides customers Mobility products Solutions MOTOROLA World Wide Share Nokia Motorola Sony Ericsson 29% 44% 4% 18% 5% Dopod Others SONY The young internationally known brand Born in 2001 Advantages in making music players ERICSSON Defeats Nokia’s music players Is in over 40 Countries and Regions In the forefront of the field of mobile multimedia It want to get the first goal of mobile multimedia industry SONY ERICSSON Music Player Phone Market Share 2008 7% 2% 3% 0.4% 6% 11% 59% 12% Nokia Dopod Sony Ericsson Iphone Sumsong Blackberry Motorola Others DOPOD In July 1, 2002, Dopod was established by Taiwan’s HTC and VIA technologies The new born smart phones producer Advantages in 3G technology DOPOD is now in China Taiwan Mainland China China Hong Kong Southeast Asia Main Items of DOPOD Mobile Phones Handheld Devices DOPOD Smart Phone Market Share 2008 7% 5% 7% 44% 12% 8% 17% Nokia Iphone RIM Dopod HTC Sharp Others 3 Billion people in the world have a cell phone Sales in the 4th quarter of 2007: $7.14 billion, down 26%, from $9.65 billion Motorola announced in February its 4th quarter earning for 2008: A loss of $3.6 billion in last quarter Verses a loss of $100 billion year before 2008 Motorola sold 92 million cell phones down 53% from a year ago AT&T sold 1.9 million iPhones while Verizon sold 1 million BlackBerry Storm Verizon gained 1.4 million subscribers compared to a 2 million decrease a year earlier This year the demand for cell phones is down 10% Africa & the Middle East 13% Aisa 33% Americas 16% Europe 38% NOKIA IN AFRICA Current situation: Due 2008, Nokia’s sell has grown 37% Problem: Weakness Communications technology infrastructure Solution: Strengthen technology infrastructure. Make larger growth is in Egypt, North and South Africa NOKIA IN ASIAN-CHINA Current situation: Nokia's global R & D and talent base Problem: 3G era, Nokia updates slow Solution: Technology innovation in 3G Make good relationship with wireless application NOKIA IN SOUTH AMERICA-USA Current situation: Nokia's share has shrunk to below 10% Solution: Catch up with BlackBerry and iPhone. Increase investment in the U.S. market. SHORT-TERM Problem: Slow reaction rate Problem: Slow repairs and after-sales service, especially in the low-end market Solution: Resolving defects on the technical area Solution: Never stop the footsteps of after-sales service Problem: Facing with financial crisis Solution: Keep innovative and investing in products to follow the footsteps of the times LONG-TERM Problem: Nokia’s low speed in the development of 2G-3G Problem: International extension, Different needs of different countries Solution: Keep a stable in the low-end market. Pay more attention to the 3G area Solution: Balance of the world’s sales area Problem: Pursuing interest for the first thing Solution: Enhance cultural and team-building Nokia is one of the oldest enterprises in Europe Mobile devices are one of 13 multi-operating items of Nokia in 1992 Nokia's share of the global mobile devices market is close to 40% and is becoming the world's largest mobile phone manufacturers Nokia is famous for good-quality mobile devices