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Nokia Buys Network Operations From Siemens

July 1, 2013 10:19 am | by Matti Huuhtanen, Associated Press | News | Comments

HELSINKI (AP) — Nokia said Monday that it will buy Siemens' half of their joint network operations in a 1.7 billion euro ($2.22 billion) deal, sending its shares surging more than 7 percent. The transaction, to be completed during the third quarter this year, will mean that the joint venture between Nokia Corp. and Germany's Siemens AG will become a wholly owned subsidiary of the Finland-based company.

Report: Microsoft Considered Buying Nokia

June 20, 2013 10:05 am | by Andrew Berg | News | Comments

Nokia was mentioned as a potential target for a buyout. Microsoft was reportedly very close to an agreement to buy the Finnish OEM, according to a report published in the Wall Street Journal. Nokia and Microsoft are of course already close, as Nokia's flagship Lumia phones are built...

So Long, Symbian: Nokia to Cease Shipping Its Platform This Summer

June 12, 2013 10:13 am | by Ben Munson | News | Comments

Nokia will ship its final Symbian handsets this summer and formally put all its eggs in the Windows Phone basket. The Financial Times said the Finnish phone maker is not expected to announce that Symbian shipments have stopped as to not affect the sales of existing stocks of Symbian phones.

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Nokia Stays Focused on Emerging Markets with $99 Smartphone

May 9, 2013 9:48 am | by Ben Munson | News | Comments

The colorful 501, running the Finnish company’s Asha platform, reverses a current smartphone trend by sporting a relatively small 3-inch display. With fairly slow max GSM data speeds, the 501 isn’t designed to do much heavy surfing, but it’s good for basic communications/social functions, equipped with Wi-Fi and has good battery life.

Nokia Remains Focused on Windows Phone

May 7, 2013 9:59 am | by Andrew Berg | News | Comments

Nokia will continue to focus on Windows Phone, according to a report from Reuters today, which cited comments from Nokia CEO Stephen Elop prior to the company's annual general meeting. Elop said that while the company continues to make adjustments as it goes...

Nokia Cuts Losses but Sales Continue to Plummet

April 18, 2013 10:32 am | by Matti Huuhtanen, Associated Press | News | Comments

Although the Finland-based company managed to reduce its first-quarter net loss to 272 million euros ($357 million) from a loss of 928 million euros a year earlier, mainly thanks to cost cutting, net revenue dropped to 5.8 billion euros from 7.4 billion euros in the same period last year.

Nokia Launches New Lumias, Feature Phones at MWC

February 25, 2013 10:10 am | by Ben Munson | News | Comments

Kicking things off early on the first official day of Mobile World Congress, Nokia made a splash by announcing four new phones. The Finnish handset maker unveiled two new Windows Phones, the Lumia 520 and 720, as well as making good on rumors by showing off two new budget friendly feature phones, the 301 and 105.

Report: Nokia to Push Cheaper Phones at MWC

February 22, 2013 10:15 am | by Ben Munson | News | Comments

Reuters, attributing the news to company sources, reports the Finnish handset maker is turning some of its focus back to low-end products in order to maintain its worldwide mobile phone market share, under threat from Chinese manufacturers like Huawei and ZTE.

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Report: iPhone 5 Top Smartphone Globally

February 20, 2013 9:50 am | by Ben Munson | News | Comments

Apple moved 27.4 million iPhone 5 units globally in the fourth quarter of 2012, more than any other smartphone and good enough to claim 12.6 percent of the world smartphone market share. A new report from Strategy Analytics said this is the first time the Apple flagship has been sold the most in the world.

Samsung Announces New Rex Line of “Smart Feature Phones”

February 15, 2013 10:51 am | by Ben Munson | News | Comments

Samsung announced a series of smart feature phones, Rex, and have unveiled four models; the Rex 60, 70, 80 and 90. All four phones come with Samsung’s Touchwiz UI on top of touchscreens, with the 70, 80, and 90 featuring capacitive and the 60 featuring resistive technology.

Nokia Protesting Indian Tax Investigation

February 12, 2013 11:08 am | by Ben Munson | News | Comments

Nokia is protesting an investigation into its tax payments in Indian. Reuters reports that Indian officials are looking into allegations that the Finnish handset maker skipped out on $558 million in taxes. The Reuters report adds that British mobile provider Vodafone is similarly under investigation and trying to settle a $2 billion tax dispute.

Nokia Posts $10.7B Q4 Revenue, Proposes No Dividend

January 24, 2013 10:55 am | by Ben Munson | News | Comments

Nokia put up fourth quarter 2012 revenue of around $10.7 billion on an earnings per share of $0.08, both of which beat analyst estimates for the quarter. The revenue marked a 20 percent decrease anually but an 11 percent increase over the previous quarter.

Nokia Sheds 300 IT Jobs, Transfers 820 Workers

January 17, 2013 9:44 am | by Andrew Berg | News | Comments

Struggling Nokia Corp. is downsizing by more than 1,000 jobs, part of a wide-ranging plan to cut costs and streamline operations. The Finnish firm says it will lay off 300 workers in its IT sector and transfer "some activities and up to 820 employees to strategic partners," India-based HCL Technologies and TATA Consultancy...

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Nokia Stock Soars on Revised Guidance, Lumia Sales

January 10, 2013 10:19 am | by Andrew Berg | News | Comments

Shares of Nokia soared over 20 percent in premarket trading today on revised fourth quarter guidance that estimates the company's mobile devices business has exceeded expectations and achieved underlying profitability. According to a press release, Nokia's Devices...

Nokia, RIM Settle Old Disputes in New Patent Pact

December 21, 2012 10:12 am | by Matti Huuhtanen, Associated Press | News | Comments

Nokia Corp. and Canadian smartphone rival RIM have agreed on a new patent licensing pact which will end all existing litigation between the two struggling companies, the Finnish firm said Friday. The agreement includes a "one-time payment and on-going payments, all from RIM to Nokia," Nokia said.

Struggling Nokia Sells Headquarters Building

December 4, 2012 12:24 pm | by Associated Press | News | Comments

Nokia Corp. plans to sell its head office near the Finnish capital to real estate investors for $220 million as the struggling cellphone maker continues to cut costs. CFO Timo Ihamuotila says the deal, to be concluded later this month, is in line with aims to shed non-core activities, adding that Nokia will continue to operate from the Espoo headquarters "on a long-term basis."

Nokia Losses Continue Ahead of New Lumia Devices

October 18, 2012 7:25 am | by Andrew Berg | News | Comments

Nokia remains in the red for its sixth straight quarter, with net losses hitting $1.2 billion on $9.5 billion in total revenue, which was down 19 percent year over year.

AT & T Confirms Nov. Availability of Lumia 920

October 4, 2012 7:09 am | by Andrew Berg | News | Comments

Nokia's new flagship phone, the LTE-capable Lumia 920, as well as the mid-range Lumia 820 will be hitting AT&T's network next month.

Nokia's Slide Continues After Windows 8 Launch

September 6, 2012 7:31 am | by The Associated Press | News | Comments

Nokia Corp.'s share price is continuing to fall after the unveiling of the company's first Windows Phone 8 smartphones failed to impress markets and analysts.

Nokia Bets on Camera, Navigation with Windows 8 Lumia 920

September 5, 2012 7:21 am | by Andrew Berg | News | Comments

Nokia today unveiled its latest flagship phone, the Lumia 920 with PureView image sensor.

Microsoft’s Surface Only Half the Battle

June 19, 2012 7:35 am | by Andrew Berg | News | Comments

Microsoft yesterday unveiled the Surface, a new Windows-based 10-inch tablet aimed directly at consumers.

Nokia SEC Report Outlines Significant Risks

March 9, 2012 7:14 am | by Andrew Berg | News | Comments

Nokia bared its soul in the company's annual Form 20-F report to the Securities and Exchange Commission (SEC), revealing a $1.8 billion loss in 2011...

Nokia Downgraded on Declines in Market Share, Sales

March 2, 2012 7:07 am | by Maisie Ramsay | News | Comments

Nokia's long-term credit rating was downgraded to BBB- today by Standard & Poor's Ratings Services...

Nokia 808 PureView Boasts 41-Megapixel Sensor

February 27, 2012 7:21 am | by Andrew Berg | News | Comments

The company unveiled the 808 PureView at Mobile World Congress (MWC) in Barcelona, Spain.

One More LightSquared Casualty: Vendors

February 16, 2012 12:18 pm | by Maisie Ramsay | News | Comments

The FCC's plan to kill LightSquared's wireless service will affect more than the 30-plus companies that planned on using it.

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