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Can India rescue Nokia?

business Updated: May 03, 2012 23:03 IST
Vivek Sinha

Nokia, the Finnish handset giant that has struggled at the global level amidst plunging sales, is busy defending its turf in India by offering specialised service offerings. The India strategy is being worked upon three major pillars wherein Nokia will work to grab a larger pie of the rapidly expanding smart phone market, provide web services for the next billion and investment in next generation disruptive technologies.

“While on one hand, we continue to break down price barriers by launching innovative and aspirational handsets, on the other, we continue to grow the market by investing ahead of the curve and bringing newer experiences on the mobile platform to consumers through service innovation,” said the company spokesperson.

At global level, however, company’s problems have compounded with its chairman Jorma Ollila announcing to quit the company. He admitted that Nokia had been too slow at the start of the smartphone revolution.