Nokia's services biz nets 86M subscribers, according to report

Nokia pushed passed its target of 80 million users of its Internet services for 2009, ending the year with around 86 million services users, according to a Reuters report, which cited unnamed sources with direct knowledge of the figures. The company declined to confirm those numbers.

The figures mark a significant milestone for the world's largest handset maker, which last year made moving into services one of its key goals. Along those lines, the company last year launched its own application storefront, the Ovi Store, and it plans to launch a revamped version of the Ovi Store this year to address user complaints.

Nokia hopes that its services segment will have 300 million users by the end of 2011 and generates $2.88 billion in annual revenues. Last fall, Niklas Savander, Nokia's executive vice president of services, said the company likely will look to acquire additional smaller Internet and technology firms as it expands even more into the services business.

For more:
- see this Reuters article

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