The Evolution Of Nokia : Timeline and Infographics

Nokia‘s quarterly financial results once again show what was obvious throughout 2010: The company needs to step up its smartphone business and it needs to do it fast.

Nokia reported a 21% year-over-year decrease in net profit, dropping from €948 million ($1.3 billion) a year ago to €745 million ($1.02 billion) in the last quarter, and a mere 31% share of the smartphone market — a significant decrease compared to Q4 2009′s 40%

Nokia also announced today that it has signed agreements with China's two leading Internet service providers, SINA and Tencent. Both SINA and Tencent services will be seamlessly integrated with Nokia's Ovi Maps in China, inviting millions of people to share their location with friends and communities through Ovi Maps on their favorite social network.

Users of SINA microblog and Tencent's online community (QQ) will be able to share their location through Nokia mobile devices, check-in to locations and be able to upload location based content such as recommendations and comments of restaurants, shops and movie theatres. The first location based services for SINA and Tencent customers through Ovi Maps are planned to be available during the first quarter of 2011.