For Nokia, helping the competition find its way is good business

Stefan Mileschin · 1st October 2012, 07:54

Financially, Nokia is in bad shape. It lost a billion dollars last quarter, which is only good news when you look at the quarter before that, which shows a $1.7 billion loss. Despite all this, Christof Hellmis, VP Location Platform at Nokia, doesn't seem to be the least bit concerned. In fact, he's rather chipper as he sits down with us at this year's Mondial de l'Automobile in Paris.

Perhaps that's because his division, Location & Commerce, is doing quite well indeed. Containing the remains of Navteq, L&C pulled down nearly €100 million profits in each of the past two quarters. It's a healthy golden goose in Nokia's rapidly shrinking barn. So why, then, is the company helping its competition improve their own offerings by providing more comprehensive navigation services baked right into Windows Phone 8? And, why is it that Apple's own attempt at mapping has gone oh so poorly? Those are just a few of the questions we asked of Mr. Hellmis, all detailed for you after the break.

http://www.engadget.com/2012/09/28/n...tion-business/

1st October 2012, 07:54	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 144,259	For Nokia, helping the competition find its way is good business Financially, Nokia is in bad shape. It lost a billion dollars last quarter, which is only good news when you look at the quarter before that, which shows a $1.7 billion loss. Despite all this, Christof Hellmis, VP Location Platform at Nokia, doesn't seem to be the least bit concerned. In fact, he's rather chipper as he sits down with us at this year's Mondial de l'Automobile in Paris. Perhaps that's because his division, Location & Commerce, is doing quite well indeed. Containing the remains of Navteq, L&C pulled down nearly €100 million profits in each of the past two quarters. It's a healthy golden goose in Nokia's rapidly shrinking barn. So why, then, is the company helping its competition improve their own offerings by providing more comprehensive navigation services baked right into Windows Phone 8? And, why is it that Apple's own attempt at mapping has gone oh so poorly? Those are just a few of the questions we asked of Mr. Hellmis, all detailed for you after the break. http://www.engadget.com/2012/09/28/n...tion-business/

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