Nokia Pulls More Than $5 Billion in Business From Contract Manufacturers

30 March 2009

In another blow to the beleaguered electronics contract manufacturing business, Nokia—the world’s largest mobile handset brand—announced that it has stopped using outside contract manufacturers for the assembly of its phones. 

 "This doesn’t help the eroding EMS/ODM industry," Pick continued. "Nokia’s pull-back will shed more than $5 billion in revenue from electronics contract manufacturers. That most means more overcapacity, more headcount reductions and, obviously, more problems." 

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