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Nokia sells Here maps to German car makers for €2.8bn for Beginners
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Things about Audi, BMW, Daimler buy Nokia's Here digital mapping business
Jones said, as more makers construct international placing satellite receivers into handsets and ultimately, produce sales from services selling comprehensive mapping details."We are beginning to see this taking off," Mr. Jones stated. "We see a substantial chance for handset suppliers and think that having maps in your pocket and something that can find things or locate you will be a plus." Find More Details On This Page , an expert in London at research firm Informa Telecoms and Media, said Nokia's purchase of Navteq would allow the phone maker to halt the slide in list prices and volume forecast for the market.
6 percent yearly growth from 2007 through 2012. In addition, the average list prices of the majority of handsets is decreasing by an average of 10 percent each year, Mr. Byrne stated. "Against this backdrop, the addition of navigational software application to high- and mid-end phone designs must assist Nokia stop the decline in average sales price," Mr.
Little Known Facts About Nokia's Navteq buys mobile ad firm Acuity - Telecoms.com.
He kept in mind that GPS receivers tend to draw down cellphone batteries quickly and viewing screens are still small. But in the next 2 to 3 years, Mr. Byrne said he anticipated Nokia and other makers to establish designs that will take advantage of GPS tracking functions.
Nokia has actually announced plans to obtain Navteq, individuals behind the maps in your GPS system. The Finnish business is paying $78 per share, less the $400 million money that Navteq has in the bank. That pertains to a massive $7. 7 billion. This shows that Nokia is major about GPS.
Getting My Here (company) - WIKI 2Wikipedia Republished To Work
Nokia is certainly innovating, but it may also be feeling the heat from a particular rival, and some of its current actions resemble panic.News release [Nokia] Nokia sees GPS phone lineup broadening [Reuters]
Navteq, Type, Public, IndustryGPS data and services, Navigation software application, Founded1985 (Karlin & Collins, Inc.)1987 (Navigation Technologies Corporation) 2004 (NAVTEQ)Defunct2011 (2011) (Replaced by Nokia HereFate, Merged into parent Nokia to become Nokia HereHead officeChicago, Illinois, United States, Secret people, Michael Halbherr, EVPRevenue, US$ 853 Million (at 2007-12-31 prior to takeover)US$ 226 Million (at 2007-12-31 prior to takeover)US$ 173 Million (at 2007-12-31 prior to takeover)US$ 1.
