Finnish handset vendor Nokia has announced that is expecting to report a loss for the first two quarters of 2012. In a statement released Wednesday the firm blamed “competitive industry dynamics” for damaging net sales for its Mobile Phones and Smart Devices business units, particularly in the Middle East and Africa, India and China.
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.
Finnish handset vendor Nokia has announced sweeping changes among its top ranks and pledged to cut a further 10,000 jobs by the end of 2013 as it adjusts the reality of life as a mid-table vendor. The firm also said that it will drop the prices of its Lumia smartphone range in a bid to stimulate more enthusiasm from consumers, and announced plans to licence its mapping technology to other industries.
Nokia has announced today two new smartphones powered by Microsoft Windows Phone 7 (WP7), the Lumia 610 and an LTE-less variant of Lumia 900 targeting Non-US market. With the introduction of these new smartphones, Nokia aims to broaden its WP7 portfolio beyond the main-stream smartphone market.
Nokia has announced that it has made a staggering operating loss of €954m ($1.25bn) in 4Q11. The Finnish firm recorded an operating profit of €884m in the same period last year, and a -€71m loss in the third quarter of 2011. Meanwhile, revenues for the quarter drop year-on-year from €12.6m in 4Q10 to €10m.
Sony, Nokia and Huawei have each announced new handsets at CES in Las Vegas, as competition in the smartphone market hots up.
Nokia has announced that it has signed sports broadcaster ESPN, games manufacturer Electronic Arts (EA) and children’s educational content provider Sesame Street as app partners for its Windows Mobile phones. The tie-ups are part of the company’s attempts to make up lost ground on competitors in the smartphone space.