Nokia restructuring Business: Merging NAVTEQ and service sectors

Sina Science and technology news Beijing time of June 22, Nokia announced in Wednesday that the company's independent map department Navteq and service business will be merged in order to more effectively tap the market demand for location-based services.　　Elop, the Nokia CEO Elop, appointed Michael Harb (Michael Halbherr), who joined the company in 2006, as head of the newly established Positioning and Business division (Location & Commerce).　　Its share price has been brutally halved in the past 4 months as investors have been sceptical about Nokia's strategy to attack Microsoft's Windows Phone.　　Nokia May 31 issued an early warning of earnings and profits for the current quarter, raising fears that he could lead the company to a revival.　　Nokia's growth in the high-end smartphone market is less than that of Apple's iphone and Android, and it faces the challenge of more flexible Asian rivals in low-end markets. But Nokia still has the world's largest handset sales, thanks to its solid position in the entry-level mobile market. (Ding Macro)