Tech: Three reasons why Microsoft’s Nokia deal really sucks for Nokia
- one Their long-popular Symbian OS was created mostly as a reaction to Microsoft’s plans to enter the mobile market over a decade ago. This move tastes like crow.
- two The profit margins on Nokia phones right now are roughly 30 percent. With a Windows-licensed phone, it’s much closer to 5-10 percent – a huge drop in revenues.
- three This is the worst one by far – 20,000 Finnish Nokia employees will likely lose their jobs due to redundancy – a HUGE chunk of people by any stretch. source