Nokia Announces A Change In Its Business Strategy, As Well As A Logo Redesign After Six Decades

wccftech.com:

Pekka Lundmark, Nokia’s CEO, stated in an announcement today that the Finnish firm was going forth with a shift in strategy, and with that shift comes a change in the logo. The iconic shapes that the company stuck around with for 60 years have gone through a metamorphosis, so let us get into the details.

The previous Nokia logo featured a ‘Yale blue’ look, which stuck around for six decades and provided consumers with some of the most iconic handsets. Unfortunately, not everything lasts, and with the smartphone market dominated by Apple, Samsung, and others, Nokia slowly withered into oblivion, though people still believe that the company exists as a popular mobile phone brand, according to Chief Executive Lundmark.

The shift in brand identity also changes the way Nokia chooses to do business. Lundmark claims that the new brand wants to focus more on networks and industrial digitalization, which is different from launching legacy mobile phones. For those that do not know, HMD Global licenses the Nokia brand name to mass produced Android-powered smartphones in several markets. Apart from launching some decent handsets over the years, HMD Global has found its way to square one again.

This is Nokia, but not as the world has seen us before. Our new brand signals who Nokia is today. We’re unleashing the exponential potential of networks and their power to help reshape the way we all live and work. https://t.co/lbKLfaL2OI #NewNokia pic.twitter.com/VAgVo8p6nG

— Nokia #MWC23 (@nokia) February 26, 2023

Fortunately for Nokia, Lundmark sees a ton of opportunity in the enterprise world, stating that the firm had a 21 percent growth last year, which is equal to 8 percent of its sales, or 2 billion euros, or around $2.11 billion. The CEO