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ibutor sells the products to the end users. The company records reductions to revenue for special pricing agreements, price protection and other volume based discounts. Service revenue is generally recognized on a straight line basis over the service period unless there is evidence that some other method better represents the stage of completion. License fees from usage are recognized in the period in which the customer reports them to the company.

The company enters into transactions involving multiple components consisting of any combination of hardware, services and software. The commercial effect of each separately identifiable component of the transaction is evaluated in order to reflect the substance of the transaction. The consideration received from these transactions is allocated to each separately identifiable component based on the relative fair value of each component. The company determines the fair value of each component by taking into consideration factors such as the price when the component or a similar component is sold separately by the company or a third party. The consideration allocated to each component is recognized as revenue when the revenue recognition criteria for that component have been met. If the company is unable to reliably determine the fair value attributable to the separately identifiable undelivered components, the Company defers revenue until the revenue recognition criteria for the undelivered components have been met.

In addition, sales and cost of sales from contracts involving solutions achieved through modification of complex telecommunications equipment are recognized using the percentage of completion method when the outcome of the contract can be estimated reliably. A contract’s outcome can be estimated reliably when total contract revenue and the costs to complete the contract can be estimated reliably, it is probable that the economic benefits associated with the contract will flow to the company and the stage of contract completion can be measured reliably. When the company is not able to meet those conditions, the policy is to recognize revenues only equal to costs incurred to date, to the extent that such costs are expected to be recovered.

3. Nokia Company Announcement:
Nokia began operating under its new organizational structure, with its three former mobile device business companies–Mobile Phones, Multimedia and Enterprise Solutions. While following the supporting by horizontal companies forming one integrated business company, Devices & Services.

The new organizational structure is designed to Nokia with the opportunities for future growth in devices and services and increase efficient ways of working across the company. Devices & Services has three business units: Devices; Services (operated in 2008 under the Services & Software name); and Markets, which is also responsible for exploring corporate strategic and future growth opportunities.

Nokia and Qualcomm announced that they entered into a new 15 year license agreement covering various standards, including GSM, EDGE, CDMA, WCDMA, HSDPA, OFDM, WiMAX, LTE and other technologies. The agreement resulted in settlement of all litigation between the two companies. (Nokia Official Released)

4. Main events in 2008
4.1 Devices
Further strengthening its Nokia Nseries range of mobile devices, Nokia announced and began shipments of the Nokia N78, Nokia N79, Nokia N85 and本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。