Nokia, the world’s biggest standalone mobile-phone company, has finally signed a deal with Microsoft worth billions of dollars which it hopes will help to reverse its falling share of the fast-growing and lucrative smartphone market.The announcement of its plan to shift over to the software company’s Windows Phone platform for its top-end smartphones came as the Finnish company set out quarterly financial results which showed continuing pressure on both its smartphone and standard mobile-phone products. Profits in the mobile division were down 17% year-on-year to €690m (£607) on revenues up 6% to €7.1bn, and overall profit down 10% to €439m on total revenues of €10.4bn, up 9%.To read this report in The Guardian in full, see:
www.guardian.co.uk/business/2011/apr/21/nokia-microsoft-windows-phone-platform-deal