New York, August 9 (FinanceEnquiry.com) – Backing out endeavors of indigenous software, Nokia Corporation (NYSE: NOK) consented to offload its Qt app-tools unit to Digia Oyj (DIG1V).
In order to bring back life to its business, the manufacturer of smartphones started using operating systems (OS) of Microsoft Corporation (NASDAQ: MSFT). Furthermore, to give an ideal platform where tools of developers can easily jot down applications for Symbian and MeeGo devices, the technology of Qt was purchased by the handset giant four years ago. As per the revelation of this Finnish company, almost 125 employees will be shifted to Digia as soon the formalities of deal get completed.
According to Janardan Menon, an analyst at Liberum Capital in London, Qt does not play any significant role in Nokia as company is more inclined towards Windows-based applications, which are actually talk of the town and getting higher in numbers, to maintain its sales as getting tough competition from gadgets of rivals Apple Inc. (NASDAQ: AAPL) and Google Inc. (NASDAQ: GOOG). However, with Digia adding 8.3 percent to 2.60 euros, shares of Nokia grew by 3.8 percent to 2.22 euros today.
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