Nokia (NOK) will no longer sell phones in Japan, except for its luxury brand Vertu, after...

|About: Nokia Corporation (NOK)|By:, SA News Editor

Nokia (NOK) will no longer sell phones in Japan, except for its luxury brand Vertu, after struggling to expand its presence. "In the current global economic climate, we have concluded that the continuation of our investment in Japan-specific localized products is no longer sustainable," executive VP Timo Ihamuotila says. More here.