Nokia Corporation today reported their interim report for Q2 2014 and January-June 2014. Nokia ended Q2 2014 with a strong balance sheet and solid cash position with gross cash of EUR 9.0 billion and net cash of EUR 6.5 billion compared to EUR 6.9 billion and EUR 2.1 billion, respectively, at the end of Q1 2014.
Among the three main divisions in the Nokia, Nokia Technologies group does research and development building on the strength of industry-leading patent portfolio. They license their technologies to other companies. In the financial report published today, Nokia revealed that Nokia Technologies net sales increased sequentially in Q2 2014, primarily due to Microsoft becoming a more significant intellectual property licensee in conjunction with the sale of substantially all of the Devices & Services business to Microsoft.
Nokia Technologies develops and licenses cutting-edge innovations that are powering the next revolution in computing and mobility: the “programmable world” where intelligent connections bring millions of everyday objects online and create exciting new possibilities. Through Nokia Technologies, Nokia will invest in the further development of its industry-leading innovation portfolio. This will include expanding our successful IP licensing program, helping other companies and organizations benefit from our breakthrough innovations, and exploring new technologies for use in potential future products and services.
Our scientists, engineers and licensing experts draw on deep expertise in areas ranging from imaging and sensing, wireless connectivity and power management, to advanced materials and beyond.
I’m sure Nokia Technologies will have some breakthrough imaging technologies such as PureView in the pipeline. Hopefully, Microsoft will license and use them in their devices.