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Flaunte January 2013 Edition - New Delhi Institute of Management

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shrank by 62% from previous year. Although the frontrunner <strong>of</strong> a smart phone was Nokia,<br />

but it was overtaken by Apple and Google with iPhone and Android terminal respectively.<br />

The reason behind this was that it keeps on focusing on their Symbian OS too much.<br />

Currently three-quarters <strong>of</strong> smartphone’s OS is occupied by iOS and Android, but Nokia did<br />

not apply for that mainstream.<br />

Despite <strong>of</strong> this, many market analysts say that Nokia will return back to its numero uno<br />

position because <strong>of</strong> its strong balance sheet and positive aspects <strong>of</strong> the company's other<br />

non- handset businesses. They claimed that the company had bright prospects if<br />

Smartphone sales started picking up. Sales <strong>of</strong> the company's Lumia<br />

smart phones have picked up, and the stock popped up<br />

because <strong>of</strong> it. Nokia also has a strong competitive advantage<br />

over its competitors in china, after it has signed a deal with<br />

world’s largest carrier by subscribers China Mobile. Nokia is<br />

selling its Asha feature phone successfully in India and China.<br />

According to the data, they have sold 9.3 million Asha phones<br />

in India alone which give it a hope <strong>of</strong> continuous strengthening<br />

<strong>of</strong> its market status.The company also has huge opportunities<br />

in emerging markets. The company will be releasing the<br />

Windows 8 powered Lumia 620 in India in February, which<br />

should help generate and meet Smartphone demand in the<br />

growing country and boost sales for Nokia. As Windows 8 picks<br />

up, there should be more sales <strong>of</strong> Lumia worldwide as well.<br />

Nokia has also acquired Navteq,a leading provider <strong>of</strong> mapping<br />

and location data, for $8 billion in 2007. It supplies GPS systems<br />

like Garmin and Magellan, online map services. The Navteq location data is one <strong>of</strong> the best<br />

assets they have, which will differentiate it from others<br />

The Nokia strategy in alliance with Micros<strong>of</strong>t, makes sense. But only, if it is successful, it will<br />

take time and a lot <strong>of</strong> money. Nokia is beating expectations and appears to be successfully<br />

turning itself around, but it still faces many threats. Competition from iOS and Android will<br />

remain intense. Nokia has great future, especially until when its key patents are not being<br />

liquidated Nokia has a bright future if it continuously strives to improve its core business and<br />

introduce new products which is better and more efficient than its competitors.<br />

Raymond – ‘Kamasutra’ gets a new definition<br />

By Himani Mehrotra<br />

Prima facie, one may get carried away<br />

with erotic and sensuous thoughts but at<br />

the end <strong>of</strong> the day it is a mere energy<br />

drink and nothing more than that.<br />

Incorporated in 1925, Raymond Group<br />

is one <strong>of</strong> India's largest branded fabric<br />

and fashion retailers. It is one <strong>of</strong> the<br />

leading, integrated producers <strong>of</strong> worsted<br />

suiting fabric in the world. The Group

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