Finnish mobile phone maker Nokia is expected to have trimmed its losses in the first quarter, thanks to rising Lumia smartphone sales and a turnaround at its equipment venture Nokia Siemens Networks (NSN).
After falling behind Sam
It's too soon to bet that Nokia is on the road to recovery after its new Lumia smartphones were sold out in many stores across Europe and America, as retailers say supplies have been short ever since their launch.
The Lumia 92
Nokia reported smaller-than-expected losses for the third quarter on Thursday but warned that there were tricky times ahead as it prepares to launch two new smartphones it hopes can claw back market share from Apple and Samsung.
Struggling Finnish phone maker Nokia plans to cut 4,000 more jobs at its plants in Finland, Hungary and Mexico as it seeks to cut costs by moving smartphone assembly work to Asia.
The cuts of 8 per cent of the phone business workforce, br
Apple and Samsung Electronics ended struggling Nokia's 15-year reign at the top of the smartphone sales rankings in the second quarter, researchers said.
Nokia has dominated the smartphone market ever since its 1996 launch of the Commu
Mobile phone maker Sony Ericsson forecast an upturn in the second half, as it posted a first quarterly loss since 2009 due to a parts shortage stemming from the March 11 earthquake and tsunami in Japan.
Chief executive Bert Nordberg said y
Telephone handset maker Nokia Corp cut its sales outlook on Tuesday, citing weaker-than-expected margins and sales and sending the shares down 6 percent.
The company said it now expects net sales from its devices and services business in t
Nokia Oyj's earnings fell less than expected in the first quarter and the company signed a final agreement to start using Microsoft Corp software, sending its shares 3 per cent higher.
But gains were capped by the company's forecast for pr
Nokia said it will continue to sell smartphones using its legacy Symbian software for a long time after its first phones using Microsoft's Windows go on sale.
Symbian is due to be replaced by Microsoft's Windows Phone over the coming two y
Nokia will start talks with staff at the end of April on substantial job cuts that follow its tie-up with Microsoft, the company said on Wednesday.
Nokia, the world's largest cellphone maker by volume, last month announced a strategy overh