The new Nokia

Synopsis

Mr Siri discusses Nokia's transformation following the sale of its handset business to Microsoft earlier this year. He highlights Nokia's strong financial Foundation and its three leading business sectors: networks, HERE, and technologies. The networks division excels in mobile broadband and services, while HERE is a key player in mapping and navigation, shifting towards location intelligence. Nokia has improved its financial standing, moving from negative cash flow to strong positive cash flow since the April 29th announcement. Despite facing fierce competition from Asian companies, Nokia continues to invest heavily in research and development, allocating 1.8 billion EUR last year to maintain its leadership in 4G LTE and innovate in next-generation equipment. Mr Siri emphasizes the importance of staying ahead in a competitive market.