Nokia board supports strategy

The chairman of Nokia said its management had the board’s full support as it moves the world’s top mobile phone maker away from hardware and toward offering services. Nokia has started to build a new business by offering Internet services ranging from music downloads to e-mail, but these have gained little traction so far. Management has been under criticism from analysts and shareholders as Nokia’s share price has missed the market’s recovery. The company will be one of the few to miss profit growth in 2010, the year of economic recovery, as software problems continue.