Nokia May 25

AAPL: 99.62

1.72
Stock Chart

Ten months after Microsoft wrote-off its Nokia acquisition, the company has now announced that it is effectively out of the consumer phone business. It is cutting 1,850 jobs, and setting aside almost a billion dollars to cover the costs of exiting the business.

Microsoft on Wednesday announced plans to streamline the company’s smartphone hardware business, which will impact up to 1,850 jobs. As a result, the company will record an impairment and restructuring charge of approximately $950 million […]

“We are focusing our phone efforts where we have differentiation — with enterprises that value security, manageability and our Continuum capability, and consumers who value the same,” said Satya Nadella, chief executive officer of Microsoft.

The company recently saw its market share fall below 1%. While Microsoft is – for now – insistent that it has a future in the corporate smartphone business, the reality seems doubtful …

expand full story

Nokia April 26

AAPL: 104.35

-0.73
Stock Chart

Nokia July 30, 2015

AAPL: 122.37

-0.62
Stock Chart

sa-market-share

Strategy Analytics has issued its latest estimates of global mobile phone shipments, and reports that Apple’s market share climbed from 8.2% in Q2 2014 to 10.9% in the same quarter this year. Apple revealed in its latest quarterly earnings that it saw iPhone sales climb 35% year-on-year to 47M units.

The research firm said that Apple’s dramatic growth in iPhone shipments contrasted strongly with an overall industry growth rate of just 2% …  expand full story

9to5toys 

Nokia July 8, 2015

Windows Phone has not been the greatest success story in the world, and Microsoft’s purchase of Nokia to produce its own handsets looks to have been an even bigger flop. The company today announced that it is writing off $7.6B against the Nokia business – more than it paid for the company in the first place.

Microsoft has also revealed that it will be laying-off 7,800 staff – more than 6% of its workforce – over the next few months, mostly from the Phones business …  expand full story

Nokia April 22, 2015

According to a report from Bloomberg, Nokia is targeting Apple as a potential buyer for its maps business. Nokia has recently been trying to sell its HERE Maps division due to it losing revenue. The report claims that Nokia is seeking around $3.2 billion for its maps business. Nokia first bought the mapping assets in 2008 for $8.1 billion.

expand full story

Nokia March 17, 2015

9to5google 

Submit a Tip

cancel

Submitting a tip constitutes permission to publish and syndicate. Please view our tips policy or see all contact options.

Powered by WordPress.com VIP