And what it will mean for the company's Windows Phone store later this year.
This article titled “The moment Nokia realised its Ovi Store wasn't going to cut the mustard” was written by Stuart Dredge, for guardian.co.uk on Tuesday 7th June 2011 11.00 UTC
An excellent feature on Nokia CEO Stephen Elop and the company's new smartphone strategy has been published by Business Week, with a series of telling anecdotes from Elop's first few months in charge of the company.
It includes the moment on 3 January this year when Nokia's chief development officer Kai Oistämö shared his concerns with Elop about the MeeGo OS, which had been jointly developed with Intel. “It was truly an oh-shit moment – and really, really painful to realise where we were,” says Oistämö. “MeeGo had been the collective hope of the company, and we'd come to the conclusion that the emperor had no clothes. It's not a nice thing.”