What's Next for Nokia?

There's major change in the wind at Nokia (NYSE: NOK  ) .

In by far the boldest move the company's made since it decided to ditch its struggling Symbian platform in favor of Microsoft's Windows Phone OS, the Finnish company recently announced it would sell its entire handset division to Microsoft. This one move alone will bid adieu to more than one-third of Nokia's employees and around half its total revenue.

Suffice to say, this will leave the new Nokia looking drastically different, although that isn't necessarily a bad thing. In fact, the company is taking several interesting steps into growth markets that offer major potential payoffs. Nokia's chairman recently detailed the company's future strategy in an interview, which Fool contributor Andrew Tonner examines in greater detail in the video below.

The titans of tech
Acquiring Nokia only helps Microsoft as the biggest tech titans increasingly invade one another's turf. At stake is the future of a trillion-dollar revolution: mobile. To find out which of these giants is set to rule the next decade, we've created a free report called "Who Will Win the War Between the 5 Biggest Tech Stocks?" Inside, you'll find out which companies are set to dominate, and we'll give in-the-know investors an edge. To grab a copy of this report, simply click here -- it's free!

Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2639656, ~/Articles/ArticleHandler.aspx, 12/29/2014 11:38:34 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...