Skip to main content

Nokia still exists. Now it’s a maps, networks, and ‘advanced tech’ company

Nokia Lumia 925 top screen corner

Nokia already outlined how the company would change following the sale of its Devices and Services division to Microsoft, but now, chairman and interim CEO Risto Siilasmaa has provided a few more details on its near-future plans. In an interview published on Nokia’s Conversations blog, Siilasmaa said, “Nokia will look very different without the mobile devices and services business. But it will be a strong company with healthy finances.”

As we already knew, Nokia will be concentrating on three businesses: its Here Maps navigation, Nokia Solutions and Networks (which was formed after the company bought out Siemens’ share of Nokia Siemens Networks earlier this year), and something called Advanced Technologies. Siilasmaa called them all, “Key areas to our reinvention.”

Many of us will be familiar with Here Maps, which Nokia has only licensed to Microsoft, and it’s already making moves into getting the system into more cars, thanks to a newly signed deal with Mercedes-Benz. The importance of Nokia Solutions and Networks can’t be understated, as according to Strategy Analytics, it’s now responsible for 90 percent of Nokia’s revenue.

But what about this Advanced Technologies? Siilasmaa says this is a new business, and has grown from the Chief Technology Office (or CTO, as it’s often known), where along with the Nokia Research Center, many of Nokia’s successful innovations have been developed. Although it’ll be looking after Nokia’s extensive patent portfolio, a spokesperson told TechCrunch it may also build new products, “we could bring to market ourselves or work with a partner.”

One such technology it may spend time working on is graphene, once hailed as the miracle material of the 21st Century, and Nokia has a leading role in a one billion euro EU research program, and has been exploring its uses since 2006. What can it do? It’s light, strong and very flexible, and could be used for creating unbreakable flexible screens for our smartphones, or astonishingly powerful processors. It’s a long way off from becoming reality, but it has enormous potential.

While Siilasmaa didn’t discuss the possibility of Nokia building another phone once its agreement with Microsoft expires, it’s clear we haven’t seen the last of the Nokia name in the mobile industry, even if it’s listed as a component manufacturer. As for Siilasmaa, his next task is to help select the next Nokia CEO, following Stephen Elop’s return to Microsoft.

Editors' Recommendations

You paid too much money for your Pixel Watch — and Google knows it
The Google Pixel Watch's crown.

A new report has revealed the profit margins for the Google Pixel Watch, and it looks like Google is taking home a lot more than its competitors.

According to a report from Counterpoint Research, it costs Google $123 to build a single Pixel Watch (specifically, the 4G LTE variant), which Google charges $400 for. When compared to the profit margins for similar devices, it feels like Google has some explaining to do.

Read more
Digital Trends’ Top Tech of MWC 2023 Awards
MWC 2023 Awards

Mobile World Congress (MWC) is one of the biggest yearly showcases for the ever-changing world of mobile tech. Whether you’re an avid smartphone fan, are fascinated by smartwatches/wearables, or love strange tech that doesn't really fit in a specific category, MWC is the place to be.

MWC 2023 was no different in this regard. Despite Samsung and OnePlus already launching their major flagships earlier this year (the Galaxy S23 Ultra and OnePlus 11, respectively), MWC 2023 was still home to numerous smartphone announcements — many of which push the foldable industry forward in big and exciting ways. In addition to peculiar wearables, new satellite technology, and a whole lot more, MWC 2023 gave us plenty of reasons to be excited about where the mobile tech industry is headed.

Read more
The EU is preparing an App Store change that Apple won’t like
App Store displayed on an iPhone 14 Pro against a pink background

The EU is narrowing its focus on Apple's App Store, a new report says. Coming from the Financial Times, which cites three sources familiar with the matter, the body now plans to focus on Apple's ban against linking to subscriptions off the App Store. The EU confirmed this report in an update to its statement of objections shared on Tuesday morning.

Where this policy might have been merely annoying at first, the color of it changed once Apple began offering competitors to rival services it had banned from advertising in the store.

Read more