Finnish vendor Nokia posted happy financial results for the fourth quarter and full year 2007 on Thursday, racking up a 67 per cent increase in profit for the year. Net income reached Eur7.2bn in 2007, compared to Eur4.3bn in 2006, while revenues for the year jumped 24 per cent to Eur51bn even as the company [...]
Over 15,000 people took to the streets in protest against the closure of Nokia’s German handset plant on Tuesday, according to police estimates. The march took place at the plant’s location in Bochum, in the industrial district of the Ruhr region of Germany. Nokia’s decision to close the handset manufacturing plant and make up to [...]
The big rumour doing the rounds this week is that Finnish handset giant Nokia is looking to buy a stake in social networking website Facebook. Although Nokia is cultivating its own social networking site, Mosh, as part of its Ovi mobile services initiative, it appears that a deal is underway that will see Facebook plastered [...]
Finnish handset vendor Nokia has sparked a political backlash over plans to close a handset manufacturing plant in Germany and make up to 2,300 workers redundant. Last week, the company said that it will discontinue the production of mobile devices and close its Bochum site by mid-year. Nokia said that Germany has become too expensive [...]
Fourth placed handset vendor Sony Ericsson posted a strong set of results on Wednesday, shifting over 100 million units for the first time in 2007. For the full year, net income climbed slightly from Eur997m to Eur1.1bn, with sales increasing from Eur11bn to Eur13bn. Units shipped in the fourth quarter reached 30.8 million, an 18 [...]
Finnish handset vendor Nokia said Tuesday that it will discontinue the production of mobile devices in Germany and close its Bochum site by mid-year. The closure of the facility will see jobs cuts by approximately 2,300, as the company moves manufacturing operations to cheaper European sites. Nokia will also cease other non-production activities at the [...]
China Mobile and Apple are understood to have called off discussions over a potential launch of the iPhone in China. The pair are known to have been in discussions over a potential launch of the device since November, although no reason was given for the termination of the talks. Some believe that China Mobile, the [...]
Following Apple’s successful jump from the portable media player market to the mobile phone space, gadget manufacturer, iRiver, is set to attempt a similar feat with the launch of a device later this year. At the CES show in Las Vegas earlier this week, photos emerged of a prototype GSM handset/media player, which is expected [...]
Japanese electronics giant Sony has lifted the curtain on its TransferJet close proximity wireless connectivity technology, going up against existing standards such as Bluetooth and even Wireless USB. The proprietary technology will allow for the high speed transfer of large data files, such as photos or HD video, between devices such as mobile phones, digital [...]
Microsoft teamed up with UK incumbent telco BT on Monday, announcing a plan to deliver IPTV and HD movie services to Xbox 360 users. The partnership will enable BT Broadband customers to use an Xbox 360 to access the BT Vision IPTV service and its library of on demand content. The service will be made [...]