Stephen Elop

Nokia warns of losses in face of “competitive industry dynamics”

April 11, 2012 Written by Mike Hibberd

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.

Tags; financial results, Lumia, Nokia, Stephen Elop, Handsets & Devices, News & Analysis, Nokia

Nokia takes a bite out of Apple

Apple has agreed to pay Nokia licensing fees for its technologies

June 14, 2011 Written by

Nokia has announced the settlement of a long-running patent spat with Apple. Under the terms of the agreement, Apple will pay an undisclosed lump sum as well as ongoing royalty payments for its use of patents Nokia claims belong to it. Both parties have agreed to withdraw their respective complaints to the US International Trade Commission (ITC).

Tags; Apple, International Trade Commission, iPhone, ITC, Nokia, patent infringement, Stephen Elop, Americas, Apple, Handsets & Devices, iPhone, News & Analysis, Nokia, Vendor