All things must pass and so to have feature phones yielded to the global smartphone trend. As new Gartner numbers point out, worldwide smartphone sales for the second quarter have beaten out feature phone sales for the first time ever. Of the 435 million handsets sold in the quarter, smartphones accounted for 225 million, up 46.5 percent annually.
The global demand for cheaper smartphones could be in line for some massive growth over the next few years. ABI Research is predicting low-cost smartphone shipments of 238 million in 2013 and more than triple that in 2018. The report sees the devices filling out OEM portfolios for emerging and developed markets alike, which could push shipments to 758 million by 2018.
In the wake of Nokia's buyout of Nokia Siemens Networks, the company has rebranded as Nokia Solutions and Networks and is now known as NSN. Nokia announced the acquisition of Siemens’ entire 50 percent stake in the joint venture back last month. NSN is now wholly owned by Nokia and will...
As Nokia continues its fight to compete in the highly competitive smarpthone market, the company is seeking to differentiate with some of the most sophisticated smarpthone camera technology out there. Here's a quick look at some of the features of Nokia's 41 megepixel camera found in the Lumia 1020...
Sliding device sales resulted in a fairly flat second quarter for Nokia. The Finnish phone maker reported sales of $7.4 billion, down three percent quarterly and 24 percent annually. Contributing to the lackluster revenue was a reported $3.5 billion in device sales, down six percent quarterly and a whopping 32 percent annually.
Nokia today confirmed months of rumors with the launch of its new Lumia 1020. The Windows Phone handset comes equipped with the second generation of Nokia’s 41-megapixel PureView camera. The 1020—which hits AT&T exclusively July 26 for a whopping $299 with two-year contract—comes loaded with Nokia Camera Pro.
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.
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...
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.
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 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...
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.
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.
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.
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 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 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 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.
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...
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 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.
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 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.
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.