Nokia Backing Out Of Japan Market

Nokia has announced that it plans to refocus its operations on Japan, meaning that it will stop all sales of all but its extremely-expensive Vertu branded mobile phones. Japan is the 4th largest mobile phone market in the world, though Nokia has always had a very small share of the Japanese market. Apparently these changes will affect 10% of the Nokia staff in Japan, but Nokia’s R&D center in Japan will not be affected.