INFOCHAT NEWS

Nokia to pull out of Japan

Posted by: ADMIN on: November 27, 2008

As part of its effort to sharpen its business focus and priorities, Nokia will discontinue mobile device sales and marketing activities in Japan. Vertu, Nokia’s line of luxury mobile devices will continue with strong focus on the Japanese market. Nokia substantial global R&D and sourcing operations in Japan will also continue unaffected.

“In the current global economic climate, we have concluded that the continuation of our investment in Japan-specific product variants is no longer sustainable. Moving forward, in Japan, Nokia will concentrate on global R&D activities, focused opportunities like Vertu, as well as further development of Nokia’s sourcing activities,” said Timo Ihamuotila, Executive Vice President, Nokia.

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