Why did Nokia change its iconic logo after 60 years?

As part of its drive for bold development in the telecom equipment sector, Nokia revealed its intentions to update its brand identification for the first time in nearly 60 years, including a new logo. The word NOKIA is created using five different forms in the updated logo. The new logo includes a variety of hues based on its intended use, in contrast to the previous logo's distinctive blue colour.

According to Chief Executive Pekka Lundmark, "There was the association to smartphones and today we are a corporate technology firm."  He further said, “In most people’s minds, we are still a successful mobile phone brand, but this is not what Nokia is about.We want to launch a new brand that is focusing very much on the networks and industrial digitalization, which is a completely different thing from the legacy mobile phones.”

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This statement was made in anticipation ahead of a business update that the company plans to provide on the eve of the annual Mobile World Congress (MWC), which will take place in Barcelona from Monday until March 2.

Lundmark created a three-stage strategy comprising of resetting, accelerating, and expanding after taking over as CEO of the faltering Finnish business in 2020. Now that the reset period is over, Lundmark is concentrating on supplying equipment to other companies, even though it still wants to grow its service provider business.

Nokia will be in direct rivalry with major tech companies like Microsoft and Amazon as a result of its expansion into data centres and industrial automation.

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(Photo:@fabianarbor | Twitter)

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