Notes

The smart Trick of Nokia buying NAVTEQ (by Jeremy Zawodny) That Nobody is Discussing


<h1 style="clear:both" id="content-section-0">Getting My Why 3 car giants just bought Nokia's mapping business for $3B To Work<br></h1>
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<p class="p__0">A variety of other big tech companies were also apparently interested, and Facebook's switch to Here maps back in May set some tongues wagging. But it seems the German cars and truck giants were identified to have Here all to themselves. Why was Nokia's Here such a demanded property? And why did Nokia wish to sell? Here's a quick recap of how Here became.</p>
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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://wccftech.com/images/news/Nokia_maps/nokia-maps.png" alt="Navteq shareholders OK acquisition by Nokia - Reuters.com"><span style="display:none" itemprop="caption">Navteq shareholders OK acquisition by Nokia - Reuters.com</span>
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<p class="p__1">Nokia became included in a 3D maps consortium called Tell, Maris, obtaining the underlying software application outright in 2006. It then made an existing mobile app called Smart2Go available totally free download on Nokia and Windows Mobile gadgets. Quick forward to Did you see this? , when Nokia obtained NAVTEQ for $8 billion. NAVTEQ was a company of digital map information for car navigation systems, smart phones, and other platforms.</p>
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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://glimma.com/wp-content/uploads/nokia-header-v2.png" alt="Nokia Does a Map Deal, Signaling Strategic Bet - The New York Times"><span style="display:none" itemprop="caption">Nokia Completes Acquisition NAVTEQ - GIM International</span>
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<h1 style="clear:both" id="content-section-1">3 Easy Facts About Audi, BMW, Daimler buy Nokia's Here digital mapping business Shown<br></h1>
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<p class="p__2">A handful of smaller acquisitions later, Nokia rebranded what had actually been understood as Ovi Maps as Nokia Maps in 2011, prior to altering the name yet once again to Here the list below year. While Nokia has just recently accepted other mobile platforms, with the launch of its GPS navigation app on both Android and i, OS, its big appeal for third-party companies lies in the quality of the mapping technology that underpins it.</p>
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<img width="310" src="https://i.ebayimg.com/images/g/HcgAAOSwlLlhHEY~/s-l225.jpg">
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<p class="p__3">And for numerous, Here is a far more attractive proposition than Google Maps, given that Nokia's offering dishes out full offline access to entire nations and regions for free. However while this was a big selling point for users, it's not what business thinking about acquiring the service would have cared a lot about.</p>
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<h2 style="clear:both" id="content-section-2">Nokia Plots Yet Another Course for Its Navteq Unit - Phone for Beginners<br></h2>
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<p class="p__4">And back in December, Nokia scored a notable handle Chinese Internet giant Baidu Maps. However, Here has been a huge player in the land of vehicles for a while, and it's stated that Nokia's mapping technology powers around 80 percent of in-car GPS navigation systems. Over half of Here's $1 billion revenue in 2014 was generated by the automobile industry.</p>
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<p class="p__5">For Nokia, the deal is everything about cleaning up, consolidating, and restructuring. The business is a various monster from what it was when it acquired NAVTEQ 8 years earlier. It was clear that Here was ending up being a significantly odd suitable for the company. Also, according to Nokia's most current Q2 financials, Here represented less than 10 percent of profits, with just a little operating profit to show for it.</p>
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Read More: https://www.quora.com/Nokia-Why-did-Nokia-acquire-Navteq-at-US-8-1-billion-when-Navteqs-revenue-was-US-853-million/answer/Jorge-Johnson-13?prompt_topic_bio=1