Nokia shareholders approve sale to Microsoft

 

This is the big day the mobile division of Nokia is about to pass under the control of Microsoft , in early 2014, but unlikely refusal of competition authorities. General meeting in Helsinki, Tuesday, Nov. 19 at the beginning of the afternoon, the shareholders of the Finnish group validated the sale of mobile devices business in the U.S. software group.

Nokia shareholders should close this chapter in the history of the group at a good price. Microsoft will pay 5.44 billion euros in the operation.

Is that the mobile is a priority for Microsoft, now in transition: its CEO, Steve Balmer is leaving, the appointment of a new boss is expected by the end of the year.

In recent years, the computer giant tries indeed to implement its Windows operating system on smartphones and tablets. But he accuses an image problem in this area and is struggling to compete in the iOS of Apple and the Android from Google .

With Nokia, which is one of the few manufacturers to use its Windows Phone on his mobile, so Microsoft hopes to increase its presence and activity on the mobile devices. The whole question is to know if this acquisition is the best way to proceed . And if Nokia is the “good horse”.

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SUDDEN LOSS AND FAST

While Nokia was still the world leader in the sector in 2012, when the Korean Samsung has exceeded. But the Nordic manufacturer has never managed to take the wave of smartphones launched in 2007 by Apple. And its fall was brutal and fast.

If Nokia remains the world’s second largest mobile phone “classic” market, it is today the world’s number 8 of the smartphone market, the most profitable, according to Gartner.

The turnover of the group has melted and has suffered losses of 1.2 billion euros in 2011, 3.1 billion in 2012. Since January, he has already “burned” 590 million.

Glimmer of hope, the loss is being reduced: it was divided by ten in the third quarter, including reduced by the good performance of the Lumia range.The sales of these high-end smartphones also rose by 19% between June and September from the previous quarter.

NEW FACE

In late November, Nokia introduced in Abu Dhabi a new range of smartphones, but also a tablet, the first in its history . Gear should fall into the hands of Microsoft.

Without its moving parts, Nokia will change its face. The group will be focused primarily on equipment for telecommunications networks Nokia Services and Networks (NSN), one of the main suppliers worldwide.

Networks should weigh about 90% of Nokia’s future income, with the remainder divided between patent revenues and those from the software maps.

Nokia shareholders approve sale to Microsoft