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.
Fool contributor Andrew Tonner has no position in any stocks mentioned. Follow Andrew and all his writing on Twitter: @AndrewTonner. The Motley Fool owns shares of Microsoft. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.