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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
As long as MS moves their promised updates quickly, don't think this will hurt Nokia moving units and being able to differentiate themselve from HTC and Samsung. Nokia will almost certainly produce a device with a camera and connectivity options better than 99% of what else is on the market (FM Transmitter, large camera sensor, penta-band 3G, HDMI, etc) -- or at least what is on the market right now. The only thing worried about is how MS may make them leave certain features on the cutting room floor...
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