Daffodil International University

Faculties and Departments => Business & Entrepreneurship => Business Administration => Topic started by: kamruzzaman.bba on June 19, 2015, 04:44:39 PM

Title: Nokia will get back into phones in 2016
Post by: kamruzzaman.bba on June 19, 2015, 04:44:39 PM

Nokia, once the world's biggest maker of mobile phones, plans to start designing and licensing handsets again once an agreement with partner Microsoft allows it to in 2016, its chief executive told Germany's Manager Magazin.

"We will look for suitable partners," Rajeev Suri said in an interview published on Thursday. "Microsoft makes mobile phones. We would simply design them and then make the brand name available to license."

Finland's Nokia sold its phone business to Microsoft in 2014 after years of declining sales as it failed to keep up with innovations led by Apple's iPhone.

But months later it launched a new brand-licensed tablet computer, produced under licence by Taiwanese contract manufacturer Foxconn, with an intention to follow up with more devices.

Many analysts expect Microsoft to write off all or part of the $7.2 billion it paid for Nokia's handset unit, a deal that left Microsoft with a money-losing business and only 3 percent of the smartphone market.

Microsoft manager Stephen Elop, whom the US software giant installed as Nokia chief executive for a time, is now leaving Microsoft in a sign the company is turning away from the hardware devices business he headed and back to its core software business.

Nokia in April announced a 15.6 billion-euro ($17.8 billion) takeover of Alcatel-Lucent in a bid to boost the network equipment business that is now its mainstay.

It is also hiving off its mapping business, which has drawn interest from German premium carmakers BMW, Audi and Mercedes, as well as Silicon Valley and Chinese Internet and technology businesses.

Upon being asked whether there were any preferred bidders for the HERE high-definition maps business, Suri told the magazine, "Anybody who can improve the business in the long run is a good buyer."

Title: Re: Nokia will get back into phones in 2016
Post by: Nusrat Nargis on June 21, 2015, 11:02:56 AM

Thanks for sharing.

Title: Re: Nokia will get back into phones in 2016
Post by: JEWEL KUMAR ROY on June 21, 2015, 11:06:58 AM

important information

Title: Re: Nokia will get back into phones in 2016
Post by: munna99185 on June 25, 2015, 04:01:15 PM

All the very best for NOKIA

Sayed Farrukh Ahmed
Assistant Professor
Faculty of Business & Economics
Daffodil International University

Title: Re: Nokia will get back into phones in 2016
Post by: kamruzzaman.bba on June 28, 2015, 02:13:01 PM

Thank you

Title: Re: Nokia will get back into phones in 2016
Post by: Farhananoor on July 08, 2015, 04:58:18 PM

Good luck for nokia.

Title: Re: Nokia will get back into phones in 2016
Post by: kamruzzaman.bba on July 09, 2015, 11:37:36 AM

It's hoped, Nokia will come up with innovative idea.