Nokia 2010 Annual Report Download - page 7

8. our ability to increase our speed of innovation, product development and execution to bring
new competitive smartphones and mobile phones to the market in a timely manner;
9. our ability to retain, motivate, develop and recruit appropriately skilled employees;
10. our ability to implement our strategies, particularly our new mobile product strategy;
11. the intensity of competition in the various markets where we do business and our ability to
maintain or improve our market position or respond successfully to changes in the
competitive environment;
12. our ability to maintain and leverage our traditional strengths in the mobile product market
if we are unable to retain the loyalty of our mobile operator and distributor customers and
consumers as a result of the implementation of our new strategy or other factors;
13. our success in collaboration and partnering arrangements with third parties, including
Microsoft;
14. the success, financial condition and performance of our suppliers, collaboration partners and
customers;
15. our ability to manage efficiently our manufacturing and logistics, as well as to ensure the
quality, safety, security and timely delivery of our products and services;
16. our ability to source sufficient amounts of fully functional quality components,
subassemblies and software on a timely basis without interruption and on favorable terms;
17. our ability to manage our inventory and timely adapt our supply to meet changing
demands for our products;
18. our ability to successfully manage costs;
19. our ability to effectively and smoothly implement the new operational structure for our
devices and services business effective April 1, 2011;
20. the development of the mobile and fixed communications industry and general economic
conditions globally and regionally;
21. exchange rate fluctuations, including, in particular, fluctuations between the euro, which is
our reporting currency, and the US dollar, the Japanese yen and the Chinese yuan, as well as
certain other currencies;
22. our ability to protect the technologies, which we or others develop or that we license, from
claims that we have infringed third parties’ intellectual property rights, as well as our
unrestricted use on commercially acceptable terms of certain technologies in our products
and services;
23. our ability to protect numerous Nokia, NAVTEQ and Nokia Siemens Networks patented,
standardized or proprietary technologies from thirdparty infringement or actions to
invalidate the intellectual property rights of these technologies;
24. the impact of changes in government policies, trade policies, laws or regulations and
economic or political turmoil in countries where our assets are located and we do business;
25. any disruption to information technology systems and networks that our operations rely on;
26. unfavorable outcome of litigations;
27. allegations of possible health risks from electromagnetic fields generated by base stations
and mobile products and lawsuits related to them, regardless of merit;
28. our ability to achieve targeted costs reductions and increase profitability in Nokia Siemens
Networks and to effectively and timely execute related restructuring measures;
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