Editing Nokia (section)

=== 2010–2014 ===
[[File:As Time Goes By (Nokia 9000 Communicator & E7).jpg|thumb|left|A Nokia 9000 Communicator (1996) next to a Nokia E7 Communicator (2011)]]
In late 2009 and in 2010, the music-focused [[Nokia Xseries|Xseries]] and consumer-focused [[Nokia C series (Cricket Wireless)|Cseries]] were introduced respectively.<ref name="auto">{{cite web|url=https://www.theregister.co.uk/2011/08/02/nokia_numbered/|title=Nokia ditches letters for all-number names|last=Andrew|first=Orlowski|date=2 August 2011|website=[[The Register]]|access-date=28 March 2019}}</ref> In April 2010 Nokia introduced its next flagship mobile device, the [[Nokia N8]], which would be the first to run on [[Symbian]].<ref>{{cite web|url=http://www.nokia.com/en_int/news/releases/2010/04/27/nokia-n8-connect-create-entertain|title=Nokia N8. Connect. Create. Entertain. |publisher=Nokia}}</ref> However it was delayed for many months which tarnished the company's image,<ref>{{cite web|url=https://www.reuters.com/article/us-nokia-n8/nokia-delays-flagship-n8-again-shares-hit-idUSTRE68J4VZ20100921|title=Nokia delays flagship N8 again|date=21 September 2010|website=Reuters.com}}</ref> especially after the failure of its previous flagship [[Nokia N97|N97]] and tougher competition from [[Apple Inc.|Apple]] and the rising [[Google]]. On 10 September 2010, [[Olli-Pekka Kallasvuo]] was fired as CEO and it was announced that [[Stephen Elop]] from [[Microsoft]] would take Nokia's CEO position, becoming the first non-Finnish director in Nokia's history.<ref>{{cite web|url=https://www.theguardian.com/business/2010/sep/10/nokia-replaces-kallasvuo-microsoft-stephen-elop|title=Nokia replaces Kallasvuo with Microsoft's Elop|first=Graeme|last=Wearden|date=10 September 2010|newspaper=The Guardian}}</ref> It was claimed that investors pressed Nokia's board to recruit an outsider to shake up management and break from the traditional "Nokia way".<ref>{{cite news|url=https://www.ft.com/content/debd3dce-be8a-11df-a755-00144feab49a |archive-url=https://ghostarchive.org/archive/20221210/https://www.ft.com/content/debd3dce-be8a-11df-a755-00144feab49a |archive-date=10 December 2022 |url-access=subscription|title=Nokia's new chief commits to Finnish culture|website=Financial Times|date=12 September 2010|access-date=28 March 2019}}</ref> Ollila had also announced that he would step down as Nokia chairman by 2012.<ref>{{cite web|url=https://www.slashgear.com/nokia-board-chair-jorma-ollila-reveals-plans-to-step-down-in-2012-13101857/|title=Nokia Board Chair Jorma Ollila reveals plans to step down in 2012|date=13 September 2010|website=SlashGear.com|access-date=28 March 2019}}</ref> On 11 March 2011 Nokia announced that it had paid Elop a $6 million signing bonus as "compensation for lost income from his prior employer", on top of his $1.4 million annual salary.<ref>{{cite news | url=http://www.geekwire.com/2011/nokia-pays-big-bucks-elop | title=Nokia pays big bucks for Elop: Former Microsoft executive receives $6M signing bonus | work=GeekWire | date=11 March 2011 | access-date=11 March 2011}}</ref>

[[File:Nokia & Microsoft Lumia devices.png|thumb|[[Microsoft Lumia|Nokia and Microsoft Lumia]] devices]]
The old Symbian OS became completely [[Open-source software|open-source]] in February 2010.<ref>{{cite magazine|url=http://www.pcworld.com/article/188521/Symbian_OS_Now_Fully_Open_Source.html|title=Symbian OS Now Fully Open Source|magazine=PC World|access-date=21 July 2017|archive-date=4 July 2017|archive-url=https://web.archive.org/web/20170704120257/http://www.pcworld.com/article/188521/Symbian_OS_Now_Fully_Open_Source.html|url-status=dead}}</ref> However, in November 2010 it was announced that the [[Symbian Foundation]] was closing and that Nokia would take back control of the Symbian operating system under closed licensing.<ref>{{cite web|url=http://www.nokia.com/en_int/news/releases/2010/11/08/nokia-reaffirms-commitment-to-symbian-platform|title=Nokia reaffirms commitment to Symbian platform |publisher=Nokia}}</ref> By now Nokia was the only remaining company using the platform, along with carrier [[NTT Docomo]] in Japan, after both [[Samsung]] and [[Sony Mobile|Sony Ericsson]] moved to [[Android (operating system)|Android]]. Meanwhile, in 2010 for Nokia's [[Linux]] ambitions, Nokia collaborated with [[Intel]] to form the [[MeeGo]] project, after the merger of Nokia's own [[Maemo]] and Intel's [[Moblin]].

Nokia's Symbian platform that had been the leading smartphone platform in Europe and Asia for many years was quickly becoming outdated and difficult for developers after the advent of [[iOS]] and Android. To counter this, Nokia planned to make their MeeGo Linux operating system, under development, the company's flagship on smartphones. Shortly after Elop's CEO tenure began, the Nokia board green-lit him the ability to change the company's mobile phones strategy, including changing operating systems.<ref>{{cite web|url=https://venturebeat.com/2010/09/23/nokia-windows-stephen-elop/|title=Will Nokia build Windows phones?|date=23 September 2010|website=Venturebeat.com|access-date=28 March 2019}}</ref> Veteran [[Anssi Vanjoki]], head of the smartphones division, left the company around this time.<ref>{{cite web|url=https://www.engadget.com/2010/09/23/anssi-vanjoki-on-quitting-nokia-i-didn-t-become-the-ceo-it-is/|title=Anssi Vanjoki on quitting Nokia: 'I didn't become the CEO. It is as simple as that'|website=Engadget|date=23 September 2010 |access-date=28 March 2019}}</ref> His final appearance was at Nokia World 2010 when the [[Nokia E7-00]] and other Symbian^3 devices were introduced.<ref>{{cite web|url=https://www.gsmarena.com/nokia_world_2010-review-511.php|title=Nokia World 2010 live coverage: Nokia E7, C7, C6, N8, C3|website=GSMArena.com|access-date=28 March 2019}}</ref>

On 11 February 2011, Nokia announced a "strategic partnership" with [[Microsoft]], under which it would adopt [[Windows Phone 7]] as its primary operating system on smartphones, and integrate its services and platforms with its own, including [[Bing (search engine)|Bing]] as search engine, and integration of [[Here Technologies|Nokia Maps]] data into [[Bing Maps]]. Elop stated that Nokia chose not to use Android because of an apparent inability to "differentiate" its offerings, with critics also noting that his past ties to Microsoft may have also influenced the decision.<ref>{{Cite web|url=https://www.bbc.com/news/business-12427680|title=Nokia and Microsoft form partnership|date=11 February 2011|website=BBC News|access-date=16 December 2018}}</ref><ref>{{cite news |last=Weintraub |first=Seth |url=http://tech.fortune.cnn.com/2011/02/08/nokias-elop-drops-bomb-the-platform-is-on-fire/ |title=Nokia's Elop drops bomb: the platform is on fire |publisher=[[CNN]] |date=2011-02-08 |access-date=2013-06-14 |archive-url=https://web.archive.org/web/20130627165328/http://tech.fortune.cnn.com/2011/02/08/nokias-elop-drops-bomb-the-platform-is-on-fire/ |archive-date=27 June 2013 |url-status=dead }}</ref><ref>{{cite web|author=Latest Video |url=http://allthingsd.com/20110601/why-windows-phone-instead-of-android-nokia-ceo-stephen-elop-explains/ |title=Nokia CEO Stephen Elop Chooses Microsoft Windows Phone OS Over Android – John Paczkowski – D9 |publisher=AllThingsD |date=2011-06-01 |access-date=2013-06-14}}</ref> Although the MeeGo "Harmattan"-based [[Nokia N9|N9]] was met with a highly positive reception in 2011, Nokia had already decided to end development on MeeGo and solely focus on its Microsoft partnership, although the CEO said that the N9's "innovations" will live on in the future,<ref>{{cite magazine|url=https://www.wired.com/2011/06/nokia-n9-failure/|title=Why Nokia's N9 Smartphone Is Set Up for Failure|first=Ars|last=Technica|date=24 June 2011|access-date=28 March 2019|magazine=Wired}}</ref> which eventually made their way on the [[Nokia Asha platform|Asha platform]] in 2013.<ref>{{cite web|url=https://www.theverge.com/2013/5/9/4314844/nokia-asha-501-new-platform-launch|title=Nokia hedges its commitment to Windows Phone with new Asha platform and $99 phone|first=Vlad|last=Savov|date=9 May 2013|website=The Verge|access-date=28 March 2019}}</ref> After the announcement of the Microsoft partnership, Nokia's market share deteriorated; this was due to demand for Symbian dropping when consumers realized Nokia's focus and attention would be elsewhere.<ref>{{cite book|last1=Cord|first1=David J.|title=[[The Decline and Fall of Nokia]]|date=April 2014|publisher=Schildts & Söderströms|isbn=978-951-52-3320-2|pages=217}}</ref>

The company posted a large loss for the second quarter of 2011 – only their second quarterly loss in 19 years.<ref>{{cite web|url=https://www.theregister.co.uk/2011/07/21/nokia_q2_2011_massive_loss/|title=Nokia posts massive loss, blames 'ambiguity'|last=Andrew|first=Orlowski|date=21 July 2011|website=[[The Register]]|access-date=28 March 2019}}</ref> Nokia's first Windows Phone flagship was the [[Nokia Lumia 800|Lumia 800]], which arrived in November 2011. Falling sales in 2011, which were not being improved significantly with the Lumia line in 2012, led to consecutive quarters of huge losses. By mid-2012 the company's stock price fell below $2.<ref>{{cite web|url=http://seekingalpha.com/article/709681-nokia-is-finnished-prepare-for-bankruptcy|title=Nokia Is Finnished: Prepare For Bankruptcy|first=Kofi|last=Bofah|date=9 July 2012|website=Seekingalpha.com|access-date=1 June 2016}}</ref><ref>{{cite web|url=http://www.businessinsider.com/nokia-bankrupt-2012-4?IR=T|title=And Now Nokia Has A New Problem -- It Might Go Bankrupt|website=[[Business Insider]]|access-date=1 June 2016}}</ref> CEO Elop announced cost-cutting measures in June by shedding 10,000 employees by the end of the year and the closure of the [[Salo, Finland|Salo]] manufacturing plant.<ref name=Register.2012.Struggles>{{cite web|url=https://www.theregister.co.uk/2012/06/14/nokia_job_losses_struggles/|title=Foundering Nokia pushes 10,000 bods, 3 veeps overboard|website=The Register}}</ref> The Finnish prime minister also announced that the government wouldn't subsidize the company from an emergency state fund.<ref>{{cite magazine|url=https://www.wired.com/2012/06/finnish-government-hangs-up-on-nokia/|title=Finnish Government Hangs Up on Nokia|magazine=Wired}}</ref> Around this time Nokia started a new project codenamed "[[Etesian|Meltemi]]", a platform for low-end smartphones.<ref>{{cite web|url=https://www.theregister.co.uk/2011/10/05/nokia_meltemi_for_s40/|title=Meltemi is real – Nokia's skunkworks Linux|last=Andrew|first=Orlowski|date=5 October 2011|website=[[The Register]]|access-date=28 March 2019}}</ref> With the Microsoft alliance and under Elop's management, Nokia also had a renewed focus on the North American market where Nokia phones were, in stark contrast to the rest of the world, almost irrelevant for many years.<ref>{{cite web|url=https://seekingalpha.com/article/303519-nokia-a-look-at-the-global-battle-over-mobile-advertising|title=Nokia: A Look At The Global Battle Over Mobile Advertising|last=TechCrunch|date=30 October 2011|website=Seeking Alpha|access-date=28 March 2019}}</ref><ref>{{cite web|url=https://money.cnn.com/2010/09/16/technology/nokia/index.htm|title=Why Nokia can't crack the U.S. market – Sep. 16, 2010|publisher=CNN|access-date=28 March 2019}}</ref> This strategy began in January 2012 with the introduction of the [[Nokia Lumia 900]] smartphone in partnership with U.S. carrier [[AT&T]].<ref>{{cite web|url=https://www.v3.co.uk/v3-uk/news/2136320/ces-nokia-looks-crack-market-lumia-n900|title=CES: Nokia looks to crack US market with Lumia 900 – V3|date=10 January 2012|website=V3.co.uk|access-date=28 March 2019}}</ref>

In March 2011, Nokia introduced a new corporate typeface called "Pure".<ref>{{cite web|url=https://www.cnet.com/news/nokia-unveils-new-typeface-pure/|title=Nokia unveils new typeface, Pure|first=Damian|last=Koh|publisher=CNET|access-date=28 March 2019}}</ref> On 1 August 2011, Nokia announced that it would adopt a new three-digit naming system for mobile phone products and stop using letters, effectively ending the [[Nokia Nseries|Nseries]], [[Nokia Eseries|Eseries]], and short-lived [[Nokia phone series#List of Cseries devices|Cseries]]. That same day the [[Nokia 500]] was introduced with the new system.<ref>{{cite web|url=https://www.phonearena.com/news/Nokia-changes-its-naming-system-again-goes-back-to-pure-numbers_id20806|title=Nokia changes its naming system again: goes back to pure numbers|first=Victor|last=H|website=Phone Arena|date=August 2011 |access-date=28 March 2019}}</ref> Nokia last used three-digit names on analogue phones in the 1990s.<ref name="auto" />

When the [[Nokia Lumia 920|Lumia 920]] was announced in September 2012, it was seen by the press as the first high-end Windows Phone that could challenge rivals due to its advanced feature set. Elop said that the positive reaction to it had created a sense of hope and optimism in the company.<ref>{{cite web|url=http://mynokiablog.com/2012/12/18/video-stephen-elop-interviewed-by-yle-on-positive-nokia-lumia-920-feedback/|title=Video: Stephen Elop interviewed by YLE on Positive Nokia Lumia 920 feedback|date=18 December 2012|website=My Nokia Blog}}</ref> The company was also making gains in developing countries with its [[Nokia Asha series|Asha]] series, which were selling strongly.<ref>{{cite magazine|url=https://www.informationweek.com/desktop/nokia-lumia-sales-strong-asha-stronger/d/d-id/1108160|title=Nokia Lumia Sales Strong, Asha Stronger |magazine=InformationWeek}}</ref> Although Nokia's smartphone sales and market share greatly increased throughout 2013, including in the North American market,<ref>{{cite web|url=https://techcrunch.com/2013/10/29/nokia-had-a-stunning-q3-in-north-america-with-device-volume-up-367-from-last-year/|title=Nokia Had A Stunning Q3 In North America, With Device Volume Up 367% From Last Year|website=TechCrunch|date=29 October 2013 |access-date=28 March 2019}}</ref> it was still not enough to avoid financial losses.<ref>{{cite web|url=https://www.bbc.co.uk/news/business-22197404|title=Nokia shares fall after sales drop|date=18 April 2013|publisher=BBC}}</ref> Ollila stepped down as chairman on 4 May 2012 and was replaced by Risto Siilasmaa.<ref>{{cite web|url=https://www.bangkokpost.com/tech/computer/291683/jorma-ollila-resigns-as-nokia-chairman-after-13-years|title=Jorma Ollila resigns as Nokia chairman after 13 years|website=Bangkok Post|access-date=28 March 2019}}</ref>

[[File:Ristoonstage.jpg|thumb|left|[[Risto Siilasmaa]], Nokia chairperson from 2012 to 2020]]
In September 2013, Nokia announced the sale of its mobile and devices division to Microsoft. The sale was positive for Nokia to avoid further negative financial figures, as well as for Microsoft's CEO [[Steve Ballmer]], who wanted Microsoft to produce more hardware and turn it into a devices and services company.<ref>{{Cite web|url=https://www.computerweekly.com/microscope/report/The-acquisition-of-Nokia-Steve-Ballmers-last-hurrah|title=The acquisition of Nokia: Steve Ballmer's last hurrah?|website=MicroscopeUK}}</ref> The Nokia chairperson, Risto Siilasmaa, described the deal as rationally correct (in the best interests of Nokia shareholders), but emotionally difficult<ref name="asokan.org">{{cite web|url=https://asokan.org/operation-elop/|title=Operation Elop|website=Asokan.org|access-date=28 March 2019}}</ref> – experts agree that Nokia would have been in a cash crisis had it not sold the division to Microsoft.<ref name="hs.fi">{{cite web|url=https://www.hs.fi/talous/art-2000005845497.html?share=2e1522d55bd58df94c2ea5abdfb7b3c3|title=Jorma Ollila brought Nokia great success. But did he also bring the company down? The former phone giant's current chairman Risto Siilasmaa tells us what he witnessed|date=28 September 2018|website=Helsingin Sanomat|access-date=28 March 2019}}</ref><ref name="asokan.org" /> Analysts believe that Ballmer pushed for the buyout because of fears that Nokia was close to adopting Android and abandoning their alliance with Microsoft.<ref>{{cite web|url=https://betanews.com/2013/09/05/why-microsoft-really-bought-nokia/|title=Why Microsoft really bought Nokia|website=BetaNews.com|date=5 September 2013|access-date=28 March 2019}}</ref><ref>{{cite web|url=https://www.businessinsider.com/analysts-microsoft-bought-nokia-because-nokia-was-going-to-stop-making-windows-phones-2013-9|title=Analysts: Microsoft Bought Nokia Because Nokia Was Going To Stop Making Windows Phones|first=Nicholas|last=Carlson|website=Business Insider|access-date=28 March 2019}}</ref> Indeed, in January 2014 the [[Nokia X]] was introduced which ran on a customised version of Android. It was a surprising and somewhat odd launch coming just weeks away from the finalization of the Microsoft buyout.<ref>{{cite web|url=https://www.theverge.com/2014/2/25/5445150/why-is-nokia-making-android-phones|title=Why is Nokia making Android phones?|first=Tom|last=Warren|date=25 February 2014|website=The Verge|access-date=28 March 2019}}</ref><ref>{{cite web|url=https://www.theverge.com/2014/2/24/5440498/nokia-x-android-phone-hands-on|title=This is Nokia X: Android and Windows Phone collide|first=Tom|last=Warren|date=24 February 2014|website=The Verge|access-date=28 March 2019}}</ref> Others, including Ballmer's successor [[Satya Nadella]], felt that Microsoft thought merging their software teams with Nokia's hardware engineering and designs would "accelerate" growth of Windows Phone.<ref>{{cite web|url=https://www.thurrott.com/mobile/windows-phone/135827/satya-nadella-admits-nokia-acquisition|title=Satya Nadella Admits He Was Against Nokia Acquisition|last=Thurrottfeed|date=25 September 2017|website=Thurrott.com|access-date=28 March 2019}}</ref> The sale was completed in April 2014, with [[Microsoft Mobile]] becoming the successor to Nokia's mobile devices division. Nokia also moved from its [[Tieto Keilalahti Campus|headquarters]] to another building complex located at Karaportti. At the time, Ballmer himself was retiring as Microsoft CEO and was replaced by [[Satya Nadella]], who opposed the Nokia mobile phones purchase, along with chairman [[Bill Gates]].<ref>{{cite web|url=https://www.alphr.com/news/387439/gates-and-nadella-opposed-microsofts-nokia-acquisition|title=Gates and Nadella opposed Microsoft's Nokia acquisition|website=Alphr|access-date=28 March 2019|archive-date=28 March 2019|archive-url=https://web.archive.org/web/20190328184725/https://www.alphr.com/news/387439/gates-and-nadella-opposed-microsofts-nokia-acquisition|url-status=dead}}</ref> The purchased assets from Nokia were eventually [[Write-off|written-off]] by Microsoft in 2015.<ref>{{cite web|url=https://www.businessinsider.com/microsoft-ceo-satya-nadella-steve-ballmer-nokia-2017-9|title=Microsoft CEO Satya Nadella says he voted against Steve Ballmer's $7.6 billion Nokia mistake|first=Matt|last=Weinberger|website=Business Insider|access-date=28 March 2019}}</ref>

By 2014, Nokia's global [[brand valuation|brand value]] according to Interbrand fell to 98th place,<ref>{{cite web|url=https://www.rankingthebrands.com/The-Brand-Rankings.aspx?rankingID=37&year=857|title=Best Global Brands – 2014 (Interbrand) – Ranking The Brands|website=Rankingthebrands.com}}</ref> a sharp slide from the 5th place it was in 2009.<ref>{{cite web|url=https://www.rankingthebrands.com/The-Brand-Rankings.aspx?rankingID=37&year=72|title=Best Global Brands – 2009 (Interbrand) – Ranking The Brands|website=Rankingthebrands.com}}</ref> Nokia's downfall in the mobile phone market has had different explanations from analysts, with many split about the CEO's decision to abandon its in-house operating system and adopting Windows Phone in 2011.<ref>{{cite web|url=https://gigaom.com/2011/02/11/what-the-web-is-saying-nokia-partners-with-microsoft/|title=What the Web Is Saying: Nokia Partners With Microsoft|first=Ryan|last=Kim|date=11 February 2011|website=Gigaom.com|access-date=28 March 2019|archive-date=28 March 2019|archive-url=https://web.archive.org/web/20190328191906/https://gigaom.com/2011/02/11/what-the-web-is-saying-nokia-partners-with-microsoft/|url-status=dead}}</ref> Many researchers have concluded that Nokia suffered from deep internal rivalries within the management.<ref name="hs.fi" /><ref>{{cite web|url=https://www.wsj.com/articles/SB10001424052702304388004577531002591315494|title=Nokia's Bad Call on Smartphones|first1=Anton|last1=Troianovski|first2=Sven|last2=Grundberg|date=19 July 2012|access-date=28 March 2019|website=The Wall Street Journal}}</ref><ref>{{cite web|url=https://www.theglobalist.com/apple-vs-nokia-the-smartphone-rivalry/|title=Apple Vs. Nokia: The Smartphone Rivalry|date=9 August 2010|website=Theglobalist.com|access-date=28 March 2019}}</ref><ref>{{cite web|url=https://knowledge.insead.edu/strategy/the-strategic-decisions-that-caused-nokias-failure-7766|title=The Strategic Decisions That Caused Nokia's Failure|date=23 November 2017|website=INSEAD Knowledge|access-date=28 March 2019}}</ref> Former employees claimed that the management became so swollen by the early success that they grew complacent over time.<ref>{{cite web|url=https://www.huffingtonpost.com/2010/09/27/nokia-bureaucracy-stifled_n_740113.html|title=Nokia Bureaucracy Stifled Innovation, Ex-Managers Say|date=27 November 2010|website=HuffPost|access-date=28 March 2019}}</ref><ref>{{cite news|url=https://www.ft.com/content/9ec857b6-65f7-11e0-9d40-00144feab49a |archive-url=https://ghostarchive.org/archive/20221210/https://www.ft.com/content/9ec857b6-65f7-11e0-9d40-00144feab49a |archive-date=10 December 2022 |url-access=subscription|title=Inside Nokia: rebuilt from within|website=Financial Times|date=13 April 2011|access-date=28 March 2019}}</ref> Some from the Symbian developing team have claimed that the company's upper management rejected hundreds of potential innovations during the 2000s that they proposed, including entirely rewriting Symbian's code. One former Nokia employee claimed that the company was run as a "[[Soviet Union|Soviet]]-style [[bureaucracy]]".<ref>{{cite web|url=https://www.geek.com/mobile/nokia-has-a-soviet-like-bureaucracy-that-stifles-innovation-1286869/|title=Nokia has a "Soviet-like" bureaucracy that stifles innovation|date=28 September 2010|website=Geek.com|access-date=28 March 2019|archive-date=28 March 2019|archive-url=https://web.archive.org/web/20190328193343/https://www.geek.com/mobile/nokia-has-a-soviet-like-bureaucracy-that-stifles-innovation-1286869/|url-status=dead}}</ref>

[[File:Bürogebäude früheres Nokia-Werk Bochum-Riemke (2009).jpg|thumb|Former Nokia plant in [[Bochum]], Germany]]
[[File:Nokia (8111386420).jpg|thumb|left|A Nokia advertising sign in [[Dublin]], Ireland]]
In July 2013, Nokia bought [[Siemens]]' stake in the Nokia Siemens Networks joint venture for $2.2 billion, turning it into a wholly owned subsidiary called Nokia Solutions and Networks,<ref>{{cite web|url=http://www.pcworld.com/article/2046126/nokia-buys-out-renames-nokia-siemens-networks.html|title=Nokia buys out, renames Nokia Siemens Networks|website=PC World|date=7 August 2013|access-date=1 June 2016}}</ref> until being rebranded as [[Nokia Networks]] soon after.<ref>{{cite web|url=http://www.teleanalysis.com/news/nokia-renames-nsn-as-networks-6843.html|title=Nokia renames NSN as Networks – TeleAnalysis|website=Teleanalysis.com|access-date=1 June 2016|url-status=dead|archive-url=https://web.archive.org/web/20160604231037/http://www.teleanalysis.com/news/nokia-renames-nsn-as-networks-6843.html|archive-date=4 June 2016}}</ref> During Nokia's financial struggles, its profitable networking division with Siemens provided much of its income; thus, the purchase proved to be positive, particularly after the sale of its mobile devices unit.<ref>{{cite web|url=https://www.theverge.com/2013/1/24/3910528/nokia-q4-2012-financial-report-lumia-sales|title=Nokia finally reports profit after six quarters of losses|first=Aaron|last=Souppouris|date=24 January 2013|website=The Verge|access-date=1 June 2016}}</ref>