Business: Nokia is engaged in the telecommunications sector which has three operating segments: Devices & Services; Location & Commerce, and Nokia Siemens Networks. Devices & Services is responsible for developing and managing the Company’s portfolio of mobile products, as well as designing and developing services, including applications and content. It is divided into two sub-segments: Smart Devices, focusing on smartphones, and Mobile Phones, focusing on mass market feature phones. Location & Commerce focuses on the development of location-based services and local commerce and providing such applications as mobile maps, car navigations systems, and public transport facilities, among others. Nokia Siemens Networks provides a portfolio of mobile fixed and converged network technology, as well as managed services, consultancy and systems integration, deployment and maintenance to operators and service providers.