Post by Admin_Vistamike on May 5, 2014 12:57:25 GMT
'IDG News Service' - For years, Nokia sold mobile phones with the slogan "Connecting people," but following the sale of its phone business to Microsoft, the company is looking for the next big thing.
A $100 million investment that Nokia announced Monday suggests that may be "Connecting cars."
Microsoft's acquisition of the phone business leaves Nokia with three activities: its network equipment business, by far its largest remaining source of revenue; its patent portfolio, and the mapping and location services business Here, which accounts for less than a tenth of the company's revenue.
Here is where Nokia wants to put the emphasis, with the creation of a $100 million Connected Car Fund managed by its venture capital arm, Nokia Growth Partners.
Read more
Nokia's $100M investment suggests a focus on 'Connecting cars'>>>>>
A $100 million investment that Nokia announced Monday suggests that may be "Connecting cars."
Microsoft's acquisition of the phone business leaves Nokia with three activities: its network equipment business, by far its largest remaining source of revenue; its patent portfolio, and the mapping and location services business Here, which accounts for less than a tenth of the company's revenue.
Here is where Nokia wants to put the emphasis, with the creation of a $100 million Connected Car Fund managed by its venture capital arm, Nokia Growth Partners.
Read more
Nokia's $100M investment suggests a focus on 'Connecting cars'>>>>>