Nokia’s location and commerce business income dips 6% in third quarter

Telecom Lead India: Nokia’s location and commerce business has posted 6 percent dip in third quarter revenue to 265 million euros.

In the third quarter 2012, decline in external Location & Commerce net sales was primarily due to lower sales to personal navigation device customers as industry volumes continued to decline, almost entirely offset by higher sales of map content licenses to vehicle customers due to higher consumer uptake of vehicle navigation systems.

Nokia said it observed lower map update sales, related to the timing of its update campaigns, and seasonally lower vehicles sales, almost entirely offset by the non-recurrence of a negative sales adjustment related to historical license fees in the normal course of business for a particular customer.

With its global footprint, high quality and broad array of features such as geocoding, routing and traffic, we believe the Nokia Location Platform (NLP) is the world’s most advanced location platform, offering numerous opportunities for third parties to build upon.

During the third quarter, Amazon became an NLP licensee for maps and geocoding.

Location & Commerce released a new version of Nokia Maps for the Lumia range that integrates Groupon Now! deals into the app.

Location & Commerce also brought Nokia City Lens to its Lumia range.

Location & Commerce released an updated version of Nokia Transport, a mobile application for the Lumia range providing underground, tram, suburban train and bus directions for more than 500 cities in 46 countries in a convenient way.

Location & Commerce released an update to the beta version of Nokia Pulse, an application for smarter messaging, automatically tagging even simple messages with location information to make them more useful and powerful.

Nokia announced that Location & Commerce is providing NAVTEQ Traffic services to Spectrum Medya, a leading Turkish broadcaster, for distribution via Radio Data System (RDS).

Location & Commerce continued to deliver automotive-grade maps content and solutions to a number of major industry players.

In indoor mapping, Location & Commerce continued to steadily increase its coverage of venues and buildings around the world and now covers 5100 venues and altogether 18000 buildings in 40 countries.

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