The iPhone is coming to Nokia’s rescue

For a company that no longer makes mobile phones, it’s odd that Nokia is making almost all of its money from them.

The world’s biggest mobile phone maker before the iPhone came along in 2007, the Finnish company’s main business is now communications networks – in theory. That business was responsible for some 88 percent of revenue in the first quarter.

But even though it sold its cellphone business to Microsoft Corp. in 2013, Nokia retains a lot of the intellectual property that’s essential for connecting devices to cellular networks. It licenses this know-how through its Nokia Technologies business. The division generated six times more operating profit in the three months through March than the networks arm.

Last year it struck a series of licensing agreements with Apple Inc., Huawei Technologies Co. and Xiaomi Corp. It gets royalties too from LG Electronics Inc. and Samsung Electronics Co. Ltd. Revenue at

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