[zokier]

Strictly speaking Nokia isn't selling smartphones, HMD is. Nokia itself it primarily an IP company, the Nokia brand being part of that IP. Nokias business-model is about licensing their precious IP to other companies, in this case to HMD.

[ironjunkie]

Not at all. There are more than 100k employees in Nokia as of today.

Nokia is a B2B company that sells most of the backbone equipment for telecom (Those 4/5G stations, every other Service Routers or core routers out there, etc etc ).

The acquisition of Alcatel-Lucent in 2016 helped a lot here.

[zokier]

Oh, right. To my defense, I feel like NSN always has been bit distanced from Nokia proper

[kingosticks]

To be fair, there is Nokia Networks and Nokia Technologies. IP licensing is a very big part of Nokia Technologies.