Nokia and Microsoft Team Up, Stocks Drop
11 Feb 2011 | Microsoft , Nokia , Smartphone , Software | 0 comments
Nokia and Microsoft announced a strategic partnership today that will allow the phone maker to focus more on its hardware division.
Under the proposed partnership, Windows Phone 7 will become Nokia's primary smartphone operating system, while Symbian and MeeGo will take a step back.
Nokia is restructuring itself into two businesses, called Smart Devices and Mobile Phones. Mobile Phones will control the feature phone business, while Smart Devices will work with Windows Phone, Symbian and MeeGo devices.
Other points in the partnership of the two companies:
- Nokia would help drive the future of Windows Phone by offering its expertise on hardware design, language support, and help bring Windows Phone to a larger range of price points, market segments and geographies.
- Bing would power Nokia's search services across Nokia devices and services
- Nokia Maps would be a core part of Microsoft's mapping services and be integrated with the Bing search engine
- Microsoft development tools would be used to create applications to run on Nokia Windows Phones
- Nokia's content and application store would be integrated with Microsoft Marketplace for a more compelling consumer experience.
Not many people were impressed by the news. Nokia's shares in Finland, fell by almost 12% this morning, while their shares in New York fell by more than 9%.
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