Monday, February 14, 2011

Nokia’s Ice Castle Melts as ‘Boring’ Phones Force R&D Cuts - Businessweek

Check the link below for more Nokia analysis

At $4 billion a year, it is more than twice Apple Inc.’s entire $1.78 billion R&D budget. At least a third of it goes to Symbian and MeeGo platforms that Chief Executive Officer Stephen Elop said last week Nokia is retreating from in favor of Microsoft Corp.’s Windows Phone 7. Elop plans “substantial” R&D spending cuts as he struggles to claw back ground lost to Apple’s iPhone and Google Inc.’s Android-based devices.

Nokia’s Ice Castle Melts as ‘Boring’ Phones Force R&D Cuts - Businessweek

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