It’s been a pretty busy day for Nokia. It looks like the once legendary phone maker is finally making some long-awaited changes. One of them is in the identity of the company. Nokia has finally created an iconic logo that everyone knows.

Nokia has introduced a new brand identity that includes a redesigned logo as part of its efforts to accelerate market growth. This is the first time Nokia has updated its logo in nearly six decades. The new logo consists of five different shapes that make up the word “NOKIA”. Unlike the previous blue color scheme, the new logo has a range of colors depending on its purpose.

Nokia’s rebranding reflects the company’s new focus on the business technology market. CEO Pekka Lundmark explained that the previous relationship with smartphones is no longer a priority for the company. “We are now a business technology company,” he told Reuters in an interview. Based on this, we can say that the company will not return to the smartphone market.

Some of you may think that Nokia is still in the phone market, but it is not. Nokia branded phones are manufactured by HMD Global and the name Nokia is just a brand.