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Nokia to sell Qt software unit to Digia and increase focus on Windows Phone

Nokia Sell Qt

Nokia has reached an agreement to sell its Qt app development tools unit to Digia as it focuses on Windows Phone 8 and its future partnership with Microsoft. Nokia will be placing all its eggs into one basket and will be pushing its next line of Windows Phones harder to continue the increase in platform shipping and sales figures.

Purchasing the Qt technology back in 2008, Nokia provided its developer community with tools to write apps for both Symbian and MeeGo devices, but the manufacturer has since halted expansion on both platforms, favouring its partnership with Microsoft and the Windows Phone operating system.

According to a statement from Nokia, as many as 125 employees will be transferred to Digia as part of the deal. This sale illustrates how Nokia is looking to both strengthen its partnership with and increase its dependence on Microsoft, attempting to drain sales from Apple and manufacturers building Android smartphones.

Nokia hasn't fallen short of job cuts with more than 20,000 being lost with plant closures to help return the company to profit, and the sale of Qt is another step in the direction to thin out units, projects and properties. Janardan Menon, an analyst at Liberum Capital Ltd., had the following to comment on the deal,

“With Nokia smartphones relying on Windows-based applications, which are rapidly increasing in number, Qt no longer has a role to play in Nokia’s smartphone efforts. Nokia is keen to restructure, to squeeze out margin as well as improve cash where possible.”

Nokia is expected to unveil new Windows Phones at Nokia World this year, which will show what the manufacturer can achieve with Microsoft's new vision of Windows Phone under the hood. It'll be interesting to see what Nokia can bring to the table that will be able to capture the public's attention with a "WOW!" factor.

What do you make of the selling of its Qt unit? Do you believe it's time for Nokia to cut deep and focus heavily on its partnership with Microsoft? Let us know your thoughts in the comments.

via: Businessweek



There are 14 comments. Sign in to comment

ZX9 says:

It's a logical step, but likely won't be endorsed by most investors. That could have a serious impact; cross your fingers it doesn't.

Why ? Investors these days are in love with austerity.

ahmadcrofton says:

I believe they are trying to strengthen the pot for Microsoft. If I'm not mistaken, when Microsoft look into buying Nokia, they backed out of the deal when they say Nokias' books... So maybe this is Nokias' way of proving themselves.

Nataku4ca says:

i don't see how this could have serious impact? i mean Qt has no place in Nokia anymore seeing as how both Meego and Symbian went the way of dodo, it's actually better that they get some money back by selling it off rather than keeping it and let it sit there doing nothing
just my 2c

venetasoft says:

Nokia has to decide, 100% WP to be number one again, or continue to waste energies and money on no-future technologies...

VHMP01 says:

"but likely won't be endorsed by most investors"... Unless investors read news and know about HP and they way WebOS went for them!

jake69 says:

as an investor...I'm glad they are trimming away all the unnecssary fat.

MS is not buying Nokia, wish people would stop saying that.

venetasoft says:

Little sad, but a necessary step.
Nokia developers website is 90% on Symbian and qt right now.
I subscribed to Nokia dev newsletters but I think I never received a WP related email, maybe things will change now to prove Nokia is really focusing on WP at 100% now :)
My next first wp8 device will be a Nokia, from day 1 !!

rodneyej says:

I Think MS and Nokia should put striped down versions of WP7, a new OS, on all of Nokias feature phones. This would increase WP market share drastically... Forget fragmentation, were already there!

zacman says:

Nokia also sold a big IP (patents) portfolio, seems they are in serious need of cash now....

dannejanne says:

It really is a shame Nokia dumped MeeGo totally. I have a Nokia N9 now as well and oh my what a fine system it is. "Dead" before it got released though in favor of WP.
Jolla will continue the work with MeeGo though so I'm happy.
Gave my Lumia 800 to my girlfriend for the time being!