Finnish handset manufacturer Nokia has posted a €150m operating loss for 1Q13. Viewed in context this should be encouraging; the loss is a fraction of the €1.338bn the firm lost in the same quarter in 2012.
However, net sales for the same period dropped 20 per cent year on year to €5.85bn from €7.35bn in 1Q12.
A pressure group with members including Microsoft, Oracle and Nokia has filed a complaint with the European Commission claiming that Google has used anti-competitive practices to dominate the mobile space. Fairsearch claimed that Google has unfairly cemented its control over consumers’ mobile internet experience and in online advertising for mobile.
Device vendor Nokia has poached Taiwanese rival HTC’s EMEA president Florian Seiche. Seiche will head the Finnish firm’s European sales team from June 15, while HTC will replace him with EMEA VP product and operations Phil Blair.
Nokia has announced two new smartphone devices that will be added to its Lumia Windows Phone range. Each is built and priced to specifically target a certain consumer segment, extending the vendor’s current crop of Lumia smartphones further.
Nokia has made strides in restoring its reputation among its UK consumers, according to research from YouGov. The market research expert’s Smartphone Mobile Internet eXperiences tracker (SMIX) shows that the Finnish firm substantially improved its levels of customer advocacy and loyalty during the last three months of 2012.
The introduction of Nokia Asha 310 is clear evidence that the gap in the user experience between entry-level smartphones and feature phones is blurring. This phone mimics to perfection key aspects of a smartphone including touch/gesture UI, support for various connectivity solutions, storage footprint, and most importantly support for more popular applications and multimedia content.
Today the Informer feels like he has woken up in a parallel universe; one in which Apple is being vilified for its quarterly financial performance, while Nokia recorded an actual profit.
Struggling handset maker Nokia has posted an operating profit of €439m in 4Q12, up from a loss of €954m recorded in the same quarter of 2011. Despite the turnaround, the Finnish firm saw quarterly sales drop year-on-year from €10bn to €8.04bn.
Finnish handset firm Nokia has announced plans to cut its global IT workforce by 300 employees. The firm will also transfer part of its IT activities and up to 820 employees to Indian outsourcing firms HCL Technologies and Tata Consultancy Services.
It’s a lament often made by those at the heady heights of their careers, but who is it tougher on: the bright stars or the team they work with?
As a sign of the tough times the Finnish handset manufacturer is going through these days, Nokia has agreed to sell and lease back its head office building in Espoo, Finland. The firm said that it sold the office because “owning real estate is not part of Nokia’s core business”.
Embattled handset manufacturers Nokia and RIM are now locked in a dispute with each other over patents in the US, Canada and UK. The two firms are fighting over intellectual property they have licensed to each other since 2003, which enables phones to connect to wifi networks.
Operators in the African region are not capitalising on an opportunity to foster entrepreneurial skills and provide opportunities to young people, according to Anne Shongwe, founder and CEO at educational games developer Afroes. Speaking at the Entrepreneurial Incubator Hub at AfricaCom, she said that convincing mobile operators to support her business has proven to be challenging.
Struggling handset maker Nokia has posted its fifth consecutive quarterly loss. The firm recorded an operating loss of €576m for the quarter ending September 30, 2012. The loss dwarfs the €71m loss the firm posted in the same period in 2011. Net sales also dropped 19 per cent year-on-year from €8.98bn to €7.24bn
As is usual on the morning of the launch of an iPhone, there were queues outside Apple retail stores so long that even the Parisian paparazzi struggled to capture the scenes with their hi-tech lenses. But although the majority of those sleeping rough for several nights to be among the first to own the slightly thinner, slightly taller and slightly faster version of last year’s phone were hardcore Apple fans, an increasing proportion were opportunists, lining up to be caught on camera in their promotional t-shirts or selling their space in line for four figure sums.
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