Here’s the meat:
– Plans for a broad strategic partnership with Microsoft to build a new global mobile ecosystem; Windows Phone would serve as Nokia’s primary smartphone platform.
– A renewed approach to capture volume and value growth to connect “the next billion” to the Internet in developing growth markets
– Focused investments in next-generation disruptive technologies
– A new leadership team and organizational structure with a clear focus on speed, results and accountability
Windows Phone to become Nokia’s primary smartphone platform = huge. Microsoft reportedly offered Nokia hundreds of millions of dollars to make that switch.
Nokia will use Bing for search functionality across its devices, while Nokia Maps will become core to Microsoft’s mapping services. Nokia’s content and app store will be integrated with Microsoft’s Marketplace. More info about the partnership is available here.