Whilst often described as ‘bloated’, last quarter, NSN turned a profit. WSJ notes NSN accounted for 46% of Nokia’s sales last year vs 30% when Elop arrived, NSN appeared to be valuable in this waiting game.
Siemens is however looking to leave the joint venture. WSJ says NSN is one of Nokia’s most valuable assets now, especially with the difficulties facing their handset division. ‘Analyst’ Pierre Ferragu says there probably won’t even be a buyer for the handset division (Good. Keep your mitts off :p).