We reported last week that Nokia was likely to enter into a partnership with Microsoft in order to deal with the competition from smartphones running on Google’s Android and Apple’s iPhone. Well, the partnership has finally happened. So now, Nokia would be abandoning its own phone OS Symbian and will embrace the Microsoft OS, which is of course Windows. Analysts are predicting that this partnership favours Microsoft more than it does Nokia, although there is not enough clarity yet about how these two corporate giants wish to tackle with Apple Inc. and Google Inc.
Under this new partnership, Nokia and Microsoft will now be combining their assets in order to develop mobile applications and products. While the developmental tools that MIcrosoft possesses will develop applications for these phones, Nokia’s Maps will become a part of Microsoft.
Anyone out there who still wants to own Nokia’s stocks.