In a fascinating and bold note to Nokia employees, CEO Stephan Elop talks candidly about Nokia entirely missing the boat on Smartphones since the iPhone was released.

And..

Read: We are announcing a partnership with Android or Microsoft soon.

The battle of devices has now become a war of ecosystems, where ecosystems include not only the hardware and software of the device, but developers, applications, ecommerce, advertising, search, social applications, location-based services, unified communications and many other things. Our competitors aren’t taking our market share with devices; they are taking our market share with an entire ecosystem. This means we’re going to have to decide how we either build, catalyse or join an ecosystem.

For those of you who said Android, check this:

Vic Gundotra tweets.