Tech Analyst Jeff Kagan on Nokia Buying Nokia Siemens Joint Venture
Technology Industry Analyst Jeff Kagan is available to speak with reporters, or may be quoted through this release.
Atlanta, GA (PRWEB) July 01, 2013
Nokia has agreed to buy the Siemens half of their telecommunications equipment joint venture according to the New York Times, June 30.
Wireless analyst Jeff Kagan offers comment on this story.
The Nokia and Siemens joint venture is now over. Nokia has paid Siemens for ownership as it continues to struggle with it’s own challenges in the wireless handset business.
“This will be very helpful to Nokia as it sorts through opportunities in the changing marketplace,” says Telecommunications analyst Jeff Kagan.
What happens next? Does Nokia sell the company? Perhaps according to Nokia CEO Stephen A. Elop.
“The Nokia wireless handset business has been struggling over the last few years,” says Telecom analyst Jeff Kagan.
Nokia used to be the number one handset maker, but then the smartphone wave started and now the leaders are Apple iPhone, Google Android and Samsung with their Galaxy devices.
“The question being asked is what is the future for Nokia? Will it continue as a stand-alone company or will it be acquired. This deal does not answer that question, but it does financially strengthen the company, at least for the short-term,” says Principal analyst Jeff Kagan.
“I get the sense that this is just the beginning of a wave of changes that Nokia will go through. If they can start to succeed again in the smartphone business things could settle down, but without that I think we are going to see Nokia change,” says Kagan.
About Jeff Kagan
Jeff Kagan is a Technology Industry Analyst and consultant who is regularly quoted by the media over 25 years. He offers comment on wireless, telecom and tech news stories to reporters and journalists.
He is also known as a Tech Analyst, Wireless Analyst, Telecom Analyst and Principal Analyst depending on the focus of the story.
He follows wireless, telecom, Internet, cable television and IPTV. He also follows the wide consumer electronics and technology space.
Reporters: Jeff Kagan sends comments by email to reporters and the media. If you would like to be added to this email list please send request by email.
Clients: Call or email Jeff Kagan to discuss becoming a client. Kagan has worked with many companies over 25 years as consulting clients.
Contact: Jeff Kagan by email at jeff(at)jeffKAGAN(dot)com or by phone at 770-579-5810.
Visit his website: at jeffKAGAN.com to learn more and for disclosures.
Kagan is an analyst, consultant, columnist and speaker.
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