In this “sharpening of strategy” Nokia will focus on “products and experiences that make Lumia smartphones stand out and available to more consumers,” invest in location-based services (Nokia Maps) and improve the competitiveness and profitability of its feature phone business.
On the cutting side, besides closing the R&D facilities in Ulm, Germany, Burnaby, Canada and the manufacturing facility in Salo, Finland (the R&D efforts in Salo will continue), Nokia plans to prioritize its key markets, streamline IT, corporate and support functions and reduce…
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