Nokia si Xiaomi today they announced a strategic partnership with extremely high potential, both for the Chinese and for what is left of the Finnish company. Based on the information provided in a press release, Nokia and Xiaomi have confirmed that they will collaborate in a very varied range of fields to launch new products on global markets, although it is not known under which brand.
Nokia will give Xiaomi access to its vast portfolio of patents, which will allow the Chinese to develop a variety of important products. Nokia has many patented smartphone technologies and Xiaomi does not use them in its own products, but thanks to this partnership it will be able to seriously expand the functionality of its mobile terminals.
Nokia will also offer Xiaomi access to its network products, which are used in a variety of important international markets. The companies Nokia and Xiaomi will mutually license various patented technologies, so that each will be able to enjoy technologies that they did not have access to, although the Chinese will gain the most from this new partnership.
Nokia and Xiaomi announce a strategic partnership to launch products together
Nokia will help with its own brand to popularize Xiaomi and its technologies, which are practically unknown on the European market, for example. At the same time, Nokia will also offer access to its data centers that it has in various locations around the world, including technologies for the production of new electronic devices for networking and more.
Nokia is also ready to produce together with Xiaomi devices for the internet of things, augmented reality, or even virtual reality. Another area of interest for Nokia is artificial intelligence, but here the Finns will probably help the Chinese more to develop something that will be really useful, so it remains to be seen what they will announce in a few years.
"In addition, the companies have agreed to explore opportunities for further cooperation, in areas such as Internet of Things, augmented and virtual reality, and artificial intelligence."
Nokia is going to give credibility to a Xiaomi company that has started to decrease in sales and that is not viewed so well by European or American consumers. Nokia still has a strong and globally recognized brand, and Xiaomi wants to take advantage of this to become a real power on the smartphone market, wearables and not only that.
Nokia can only take advantage of the possible sums of money that Xiaomi can pay them, but it's hard to say what kind of great technologies the Chinese and Finns still don't have.
