Financial Times, Wall Street Journal, Dagens Nyheter, Dagens Industri 

NOKIA STRIKES BACK AT CHALLENGERS, CHAIRMAN RESIGNS
Nokia has announced that its chairman Jorma Ollila plans to resign in 2012, marking the most significant turn in the company’s recent history. The exit of the 60-year-old Ollila, who served as CEO for 14 years until 2006, follows in the wake of the resignations of Nokia’s core upper management after the appointment of Stephen Elop as CEO on Monday. Nokia said it hired Peter Skillman, former vice president of design at Palm, to replace Anssi Vanjoki, who resigned Saturday after being overlooked for the position of CEO, writes WSJ. 

Despite these changes, Nokia executives unveiled its new smartphones at the Nokia World event yesterday. With four new handsets built around its Symbian platform, the company aims to challenge the iPhone and Android handsets. "We're not going to apologize for the fact that we're not Apple or Google or Samsung or anybody else. We're Nokia," Niklas Savander, Nokia's executive vice president for markets, told the audience. Savander said Nokia will continue to put smartphone technology into affordable models and criticized Apple and Google for handsets that are too expensive to meet the different needs and budgets of consumers around the world, adding that "offering people just one model will inevitably lead to compromises." Nokia also said it is safeguarding its positions in emerging markets from being challenged by low-cost phones using Taiwan-based MediaTek chipsets.