No. Definetly. Or better, not now.
But Nokia wants to act more like an internet company than a "traditional manufacturer" (via WebGuild).
Nokia introduced Ovi, the company's new Internet services brand name. With the introduction of Ovi, Nokia is expanding from a focus on mobile devices to offering a range of Internet services. Ovi, meaning 'door' in Finnish, enables consumers to easily access their existing social network, communities and content, as well as acting as a gateway to Nokia services.
Then, if you consider latest companies acquired by Nokia you can simply understand that Nokia is transforming itself to a product and services company with broader revenue streams.
Nokia acquired a car navigation devices and mapping services company Navteq for $8.1 billion to gain digital maps of 69 countries.
Nokia acquired Enpocket to add technology for placing advertisements through text messages and e-mail.
Nokia acquired Loudeye to create a mobile music service to counter the iTunes and diversify its offerings.