Notes

The Single Strategy To Use For As Nokia Looks To Sell HERE Maps, The Map Wars Are


<h1 style="clear:both" id="content-section-0">The Single Strategy To Use For Nokia Buys Navteq For $8 Billion, Bets Big On Location-Based<br></h1>
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<p class="p__0">A number of other big tech companies were also supposedly interested, and Facebook's switch to Here maps back in May set some tongues wagging. But it appears the German car giants were figured out to have Here all to themselves. Why was Nokia's Here such a searched for home? And why did Nokia desire to sell? Here's Nokia acquired Navteq of how Here came to be.</p>
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<img class="featurable" style="max-height:300px;max-width:400px;" itemprop="image" src="https://www.techtree.com/sites/default/files/styles/story_page_315_236/public/2014/5/drive.jpg?itok=9IYEHAJu" alt="German Carmakers Buy Nokia's Here Mapping Unit for $3 Billion - The New York Times"><span style="display:none" itemprop="caption">Nokia's Navteq buys mobile ad firm Acuity - Telecoms.com</span>
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<p class="p__1">Nokia became associated with a 3D maps consortium called Tell, Maris, getting the underlying software application outright in 2006. It then made an existing mobile app called Smart2Go readily available totally free download on Nokia and Windows Mobile devices. Quick forward to 2007, when Nokia acquired 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://www.geoawesomeness.com/wp-content/uploads/2015/08/HERE-Nokia.jpg" alt="Nokia to acquire digital mapping firm Navteq"><span style="display:none" itemprop="caption">Here, a division of Nokia Success Story - Progress</span>
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<h1 style="clear:both" id="content-section-1">The Ultimate Guide To Navteq Sale Approved - WBEZ Chicago<br><img width="308" src="https://tek.vgc.no/805/805468/original.956x538.jpg"><br></h1>
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<p class="p__2">A handful of smaller acquisitions later, Nokia rebranded what had actually been called Ovi Maps as Nokia Maps in 2011, prior to changing the name yet again to Here the list below year. While Nokia has actually just recently embraced other mobile platforms, with the launch of its GPS navigation app on both Android and i, OS, its huge appeal for third-party companies depends on the quality of the mapping innovation that underpins it.</p>
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<p class="p__3">And for lots of, Here is a much more appealing proposition than Google Maps, considered that Nokia's offering dishes out full offline access to whole nations and areas free of charge. However while this was a huge selling point for users, it's not what business interested in obtaining the service would have cared so much about.</p>
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<h2 style="clear:both" id="content-section-2">All About Navteq - Wikipedia<br></h2>
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<p class="p__4">And back in December, Nokia scored a significant offer with Chinese Internet giant Baidu Maps. Nevertheless, Here has actually been a huge gamer in the land of cars 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 income in 2014 was generated by the car market.</p>
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<p class="p__5">For Nokia, the deal is all about tidying up, combining, and restructuring. The business is a different monster from what it was when it obtained NAVTEQ eight years back. It was clear that Here was ending up being an increasingly odd fit for the company. Likewise, according to Nokia's most current Q2 financials, Here accounted for less than 10 percent of incomes, with just a small operating revenue to reveal for it.</p>
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Here's my website: 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