With the legendary Nokia name getting scrapped off the mobile market listings, everyone is wondering what’s next for the company. Under the acquisition agreement, Nokia’s phone business is now owned by Microsoft. Nokia is now left with it Nokia Networks, Technology and the Here Maps business. But it seems like the company is contemplating a re-entry into the consumer electronics business.
The new boss who is entrusted with taking the business of the fallen giant spoke of the company’s future plans in London. CEO Rajeev Suri said that the company will make a re-entry into the consumer market. It was his answer to [...]
The Legend has fallen, sounds like a Transformers title, but in Nokia’s case it’s true.
After an indomitable hegemony in the mobile phones market for more than a decade, the company sold its mobile phone division to Microsoft corporation in a $7.2 billion takeover. The takeover happened because of continued losses during the last 3 years, so much so that the company was forced to sell their headquarters and lease the premises. Now the company has decided to put strong efforts in hopes for a turnaround. It has decided to concentrate on its Network, Softwares and Maps divisions. Nokia also has a huge patents [...]
