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Nokia to cut as many as 14,000 jobs as profit drops by 69%
(www.marketwatch.com)
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this post was submitted on 19 Oct 2023
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Last time I wanted to buy a smartphone from Nokia they didn't even have a phone in the higher price segment. I think the highest was 500 Euro and the components were worse or only slightly better than my old phone. If they had better phones, I'd buy them.
I don't think Nokias main business is phones these days but I may be wrong. I was under the impression it was telecommunications. Microwave wireless, networking equipment etc.
Nokia is not making phones anymore. Those on the market are from HMD Global, a Chinese company which bought the brand name Nokia for mobile.
HMD Global is a Finnish company, run by ex-Nokia executives. It's pretty nuch the old Nokia, seperated enough to not bankrupt the original company if it goes bad.
The phones are no more Chinese than Google and Apple.
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If I recall well the phone conception is done in China. The only Finn part is the company itself and its management.
They've fallen so far since the indestructible Nokia 2280