February 11th, 2011 by Arjan Olsder Posted in Companies & M&A | No Comments »
Nokia will be split up in new business units in order to leverage the overall performance of the company. The main unit will be Smart Devices led by Jo Harlow.
Smart Devices will be responsible for the future of Windows Phone 7, Symbian and MeeGo on Nokia hardware. Though Windows Phone 7 will be the primary OS for the unit, it will not abandon the older systems.
Symbian will become a franchise platform. The company has sold 200 million Symbian smartphones to date and plans to sell a 150 million more of them.
MeeGo is a cooperation with Intel, so Nokia probably has some contracts that will be expensive to get out off. As so, Nokia announced MeeGo will go/remain open source and it still plans to ship ‘a Meego product’ in 2011.
Nokia’s Feature Phone business and pretty much everything else including Navteq will be headed by another Business Unit called Mobile Phones that will focus on bringing connectivity and content to emerging markets.
“Nokia is at a critical juncture, where significant change is necessary and inevitable in our journey forward,” said Stephen Elop, Nokia President and CEO. “Today, we are accelerating that change through a new path, aimed at regaining our smartphone leadership, reinforcing our mobile device platform and realizing our investments in the future.”
