Phoney War

The iPhone Is Coming to Nokia's Rescue

Oddly, the Finnish giant is making much more money from mobile phone tech than its huge networks business.

Photographer: Angel Garcia/Bloomberg
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For a company that no longer makes mobile phones, it’s odd that Nokia Oyj is making almost all of its money from them.

The world's biggest mobile phone maker before the iPhone came along in 2007, the Finnish company's main business is now communications networks – in theory. That business was responsible for some 88 percent of revenue in the first quarterBloomberg Terminal.