Nokia shareholders have given the OK to sell the company’s mobile phone business and license its patents to Microsoft. The Financial Times said an overwhelming 99.7 percent of Nokia investors were in favor of the $7.2 billion deal. In September, Nokia shares soared on news of Microsoft’s proposed deal.
HELSINKI (AP) — From mobile phones to mobile games. Finland has found there's life after Nokia in a bustling startup scene that's produced hugely popular game apps from "Angry Birds" to "Clash of Clans." Mobile gaming is fast becoming the Nordic country's new flagship export industry, with revenues expected to double to 2 billion euros ($2.7 billion) this year.
Samsung has extended by five years a patent license agreement with Nokia. Nokia announced the extension of the agreement that was scheduled to conclude at the end of 2013. Samsung will begin with additional compensation at the beginning of 2014 and the full amount of compensation will enter arbitration to be decided before the end 2015.
Global phone shipments for the third quarter hit 418 million units, growing seven percent annually and marking the highest growth rate for the market since 2011. The numbers compiled in Strategy Analytic’s latest research indicate that Samsung accounted for nearly 29 percent of the total worldwide cell phone shipments, almost doubling the market share of its closest competitor Nokia, that claimed 15.5 percent.
Nokia sold 8.8 million Lumia devices during its fiscal third quarter, breaking by 19 percent the record of 7.4 million set in the previous quarter. The Finnish phone gave a lot of the credit for the boost in sales to the low-cost Lumia 520.
Nokia used its Nokia World event in Abu Dhabi today to pull back the curtains on six new devices. The Finnish handset maker, now owned by Microsoft, launched the Lumia 2520 tablet, the Lumia 1320 and 1520 smartphones, and the Asha 500, 502 and 503 feature phones.
Former Nokia CEO Jorma Ollila, who steered the Finnish company to become the world's biggest maker of cellphones, has conceded that several mistakes were made during his tenure, including a failure to predict changing customers' needs and developing new software.
I used to cringe when I'd see people capturing precious memories with their smartphones. Although most smartphones have megapixel counts similar to what stand-alone cameras offer, they have been inferior in lens quality and manual controls. Images have never been as good ... until now.
HELSINKI (AP) — Nokia Corp. says it will pay outgoing CEO Stephen Elop a compensation package of some $25 million (19 million euros) when he leaves the company to move over to Microsoft. In proxy statements to shareholders published Thursday, the Finnish company says the amount includes Elop's base salary and equity awards of about 14.6 million euros.
Microsoft has officially agreed to acquire Nokia Corporation's devices and services business today, sending shares of Nokia up nearly 37 percent in early trading. The deal comes with Nokia's license and patents, as well as the company's significant mapping business in tow...
Flowfinity Wireless Inc. today announced an enterprise mobility solution for streamlining oil and gas operations in the field. Flowfinity's enterprise mobile app platform enables oil and gas companies to improve the efficiency and accuracy of mission-critical activities, such as pipeline inspections, with the help of smartphones and tablets.
Qualcomm Incorporated today announced that it has signed a definitive agreement to sell Omnitracs, Inc., a subsidiary of Qualcomm Incorporated, to Vista Equity Partners, a U.S.-based private equity firm. Subject to the terms and conditions of the definitive agreement, Vista will purchase Omnitracs for $800 million in cash.
AT&T is taking to the skies via a new partnership with Delta Air Lines and it's taking Nokia's Lumia devices along for the ride. According to a press release, Delta Air Lines has signed a multi-year agreement with AT&T for custom mobility services...
The race to get devices launched in September continues today, as Reuters reports Nokia will join Apple, Samsung and Sony in introducing more mobile gadgetry to the market. According to Reuters, Nokia is set to unveil multiple Windows Phone-based Lumia devices at an event in New York City late next month...
A consortium of technology companies that includes Ericsson, Facebook, Nokia, Samsung, and others, today announced an initiative to bring Internet access to more of the world. The project, called internet.org, was announced today by Facebook founder Mark Zuckerberg who noted...
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.