Focus on Nokia

This is less of a commentary of the way you would normally find here but more a reference to a rather good Forbes article on Nokia. It is a glowing review for one but it also recapitulates Nokia's changing fortunes in particular in two areas, namely its various attempts to converting itself into a media company (or a hardware company with a powerful media side to it) and its dealings in the US market (where Nokia has fallen to an astonishingly low market share of only 10% by failing to realise that US Americans love clamshells; its global market share is 39.2%).

On the media front, Nokia has been rather busy recently, both on the buy side (Enpocket, Navteq) as well as with another internally conceived programme (Ovi) and some new investments through the fresh Nokia Growth Partners fund, such as Vollee (streaming rich PC games to mobile phones) and Kyte (in short a multi-platform YouTube). And, as Forbes reports, it now also seems to make strides in the US market: it has entered a deal to supply phones to AT&T (starting with the 6555 tailormade for the US market), and also seems to work with Verizon on improving its footprint there.

Nokia will apparently ship 430m units this year alone. In doing so it grabs 80% of the industry's profits on 39.2% of the market share. Going from strength to strength, it seems.

1 comment:

  1. As a user of Nokia products and kyte.tv, I am eager to see the new developments and where the partnership with kyte.tv will have in store for the companies, and more excitingly, the users!

    With Nokia being a long time successful company, and kyte.tv being an aspiring and unique service, I'm anxious for the future of these two. :)