The world’s largest mobile manufacturer is diversifying into telecom solution providers. With the turbulent market conditions and immense increase in competition, Nokia is shifting some gears to reposition itself and pace up its profits by additional sources.
"Services is next big thing…we see people living their life 24×7 through applications on their mobile phones. Whether it is Twitter or Facebook, people live their life online," Nokia India Managing director, D Shivakumar said on company’s future plans.
Nokia has already signed a deal with Social Networking website Facebook. Under this deal, the Nokia users can directly update their Facebook status using a Nokia Ovi account. Apart from this, Nokia is also looking forward to providing solutions like online music downloads, weather updates to farmers, online games and financial services to name a few. Also, Nokia would be entering the financial services model with the Nokia Money Services, to debute next year. The service would provide the basic financial services via Nokia mobiles.
“The service would enable consumers to send money, pay for goods, services and bills, and recharge their prepaid SIM cards using their mobile phone,” Shivakumar said about Nokia Money Services.
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