Nokia hasn't made a phone in over a decade, and it's still making billions from every one sold

1 week ago 4

Rommie Analytics

Microsoft's purchase of Nokia's Devices and Services unit broke down to about $4.4 billion, while a patent license came in at around $1.9 billion, according to reporting by NBC News at the time. The deal included the transfer of about 32,000 Nokia employees to Microsoft, as well. Unfortunately, Microsoft's purchase didn't really pan out for the company. It wrote off $7.6 billion related to the acquisition in 2015, according to TechCrunch, admitting defeat within a year. Nokia, though, kept its name, its patents, and its network infrastructure business (the bit that keeps making money today), while it handed off the...
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