Microsoft Climbs To The Top After Acquiring Nokia
With its tumbling profits, Nokia seems to have lost ground as the best mobile-phone company in the world. To push matters down, Microsoft announced that it would buy Nokia’s business in the mobile phone world.
International Data Corporation ranks Microsoft's acquisition of the E5.4 billion ($ 7.2 billion) business as one of the most important moves in the history of mobile-phone-manufacturers. The move gives Microsoft some control over Nokia, the second largest mobile-phone-manufacturer. Nokia remains in deep waters despite this.
Nokia no longer retains its position in the top five mobile-phone-manufacturers. Aggregate sale of Lumia smart-phones is growing at a rapidly fast pace, but the fact remains that the rate of growth is not significant when compared with that of iPhone, Samsung Galaxy S4 or Moto X. They seem to have captured all the attention of the layman.
Microsoft would be responsible for the products sold by Nokia after April 25, 2014. It would welcome all claims on warranty. For this purpose, Microsoft would recruit personnel with an in-depth knowledge of mobile-phones. All its factories and sites in about 50 countries the world over would work to keep up the promises made by Nokia to its customers.
The Lumia, Asha and X series, earlier hosted by Nokia, would now be sponsored by Microsoft. All employees who worked for Nokia, designers, those in the supply chain, those involved in marketing, including almost all of the manufacturing locations held by Nokia would be now operated by Microsoft. Several patents owned by Nokia don't fall under the transfer, just as the Solutions and Networks division, the CTO office and Nokia's mapping entity are not supposed to be included in the transfer.