NOKIA: A 14 year era comes to an end.

Remember those days when people always boosted about their Nokia phones ,unfortunately come 2012 this has all changed .What comes as an shocker Nokia has decided to sell its cell phone business to Microsoft for(5.44 billion euros) $ 7.17 billion which is considered to be the best way forward for the company and its shareholders. Nokia will continue to focus on its infrastructure and services. Nokia will grant Microsoft a 10-year non-exclusive license to its patents. Of the total purchase price of 5.44 billion euros, 3.79 billion relates to the purchase of Nokia's devices and services business, and 1.65 billion relates to the mutual patent agreement and future options. The above event is the outcome of the decreasing share of Nokia in the mobile phone market and losing its NO.1 position to Samsung in 2012.

 - Written by Randolph Pereira