Elop to explain Nokia's strategy for China

Nokia (NYSE:NOK) CEO Stephen Elop will head to Singapore to deliver his first major speech in Asia since taking the reigns of Nokia last fall, and will try and articulate the company's strategy for the region. Elop will make his remarks at Nokia Connection 2011, an annual event held in conjunction with CommunicAsia 2011. Emerging markets in Asia, and China in particular, have long been strong spots for Nokia, even as the company's smartphone position eroded. However, when Nokia issued a profit warning for the second quarter at the end of May, the company said it was in part due to "the competitive dynamics and market trends across multiple price categories, particularly in China and Europe." Nokia has said it will use emerging markets to help connect the "next billion" people to the Internet via mobile phones. Article

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