Nokia 2012 Annual Report Download - page 7

5) our ability to provide support for our Devices & Services business and maintain current and
create new sources of revenue from our location-based service and commerce assets;
6) our ability to protect numerous patented standardized or proprietary technologies from
third-party infringement or actions to invalidate the intellectual property rights of these
technologies;
7) our ability to maintain the existing sources of intellectual property related revenue and
establish new such sources;
8) 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;
9) our ability to keep momentum and increase our speed of innovation, product development
and execution in order to bring new innovative and competitive mobile products and
location-based or other services to the market in a timely manner;
10) the success of our partnership with Microsoft in connection with the Windows Phone
ecosystem;
11) our ability to effectively and smoothly implement the planned changes in our operational
structure and achieve targeted efficiencies and reductions in operating expenses;
12) our ability to retain, motivate, develop and recruit appropriately skilled employees;
13) our dependence on the development of the mobile and communications industry, including
location-based and other services industries, in numerous diverse markets, as well as on
general economic conditions globally and regionally;
14) our ability to maintain and leverage our traditional strengths in the mobile products market,
especially if we are unable retain the loyalty of our mobile operator and distributor customers
and consumers as a result of the implementation of our strategies or other factors;
15) the performance of the parties we partner and collaborate with, including Microsoft, and our
ability to achieve successful collaboration or partnering arrangements;
16) our ability to deliver our mobile products profitably, in line with quality requirements and on
time, especially if the limited number of suppliers we depend on fail to deliver sufficient
quantities of fully functional products, components, sub-assemblies, software and services on
favourable terms and in compliance with our supplier requirements;
17) 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;
18) any actual or even alleged defects or other quality, safety and security issues in our products;
19) any inefficiency, malfunction or disruption of a system or network that our operations rely on;
20) the impact of cybersecurity breach or other factors leading to an actual or alleged loss,
improper disclosure or leakage of any personal or consumer data collected by us or our
partners or subcontractors, made available to us or stored in or through our products;
21) our ability to successfully manage the pricing of our products and costs related to our
products and our operations;
22) the potential complex tax issues and obligations we may face, including the obligation to pay
additional taxes in various jurisdictions and our actual or anticipated performance, among
other factors, could result in allowances related to deferred tax assets;
23) exchange rate fluctuations, particularly 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;
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