Nokia Pulls Out Of Japan

There are huge places and markets where nokia has extended its presence and it has raised its claim to an extent that it is sheer monopoly dominance. But it’s hard to imagine if there is a market that would force Nokia to even move out to pull of its loses. Here is the market anyways, that’s made nokia do so., Japan. Nokia never had a huge presence there anyway [the total market presence was only close to 1%., phew are we talking Motorola or Nokia].

“In the current global economic climate, we have concluded that the continuation of our investment in Japan-specific localized products is no longer sustainable,” Nokia executive vice president Timo Ihamuotila said in a statement.

He added that Nokia’s Japanese business would concentrate on research, development and sourcing for the global market as well as specific projects such as the Vertu brand Continue reading “Nokia Pulls Out Of Japan”