Nokia says it’s making changes aimed at ‘sharpening its strategy’ and returning to profit.
It’ll be investing in location-based services and making this an area in which Nokia products stand out. The company is cutting up to 10,000 staff, reducing the number of factories its runs, acquiring a new business, selling its Vertu luxury brand and changing its leadership team.
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Mark Bridge writes:
The really big news last week wasn’t good: 17,000 jobs worldwide are being lost at Nokia Siemens Networks (which, incidentally, is a separate company from both Nokia and Siemens). That’s not far short of a quarter of the total workforce. The company is going to focus on mobile network infrastructure and services, with a particular emphasis on mobile broadband, and is likely to sell off other parts of the business.
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Luxury mobile phone brand Vertu has launched its first touchscreen handset.
It’s called the Vertu Constellation - a product name that was originally used five years ago - and is a Symbian-based smartphone with a 3.5-inch display. On the back is an 8 megapixel camera.
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