The Finnish telecommunications, Internet, and computer software company spent $8.2 billion last year on R&D, a small 1 percent decrease from the preceding year. Net sales at Nokia fell 19 percent and operating profit dropped a whopping 76 percent. This year, the company is focusing on integrating its devices, “including music, maps, apps, email and more,” onto a new brand called Ovi. As of October 2010, Nokia had 140 million service users worldwide and 2.3 million daily downloads on Ovi.
Mahesh Kumar/AP/File
