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Sliding phone sales keep Nokia in Q1 loss

. The Nokia headquarters building in Keilaniemi, Espoo, Finland, displays a banner saying they are moving Friday April 25, 2014. Nokia headquarters are "On the move" to join Nokia Solutions and Networks' headquarters in Karakallio, Espoo. Nokia said Friday it has completed the 5.44 billion-euro ($7.5 billion) sale of its troubled cellphone and services division to Microsoft Corp., ending a chapter in the former world leading cellphone maker's history that began with paper making in 1865. The closure of the deal, which includes a license to a portfolio of Nokia patents to Microsoft Corp., follows delays in global regulatory approvals, and ends the production of mobile phones by the Finnish company, which had led the field for more than a decade, peaking with a 40-percent global market share in 2008. AP

Nokia Corp. says it continued to be hit by fierce competition in the first-quarter with a 30 percent fall in sales of mobile devices, the troubled unit it sold to Microsoft last week.

Posted: April 29th, 2014 in Latest Technology Stories | Read More »

Nokia launches first tablet, new phablets

Nokia CEO, Canadian Stephen Elop, holds a Nokia Lumia 2520 on stage during an event to unveil Nokia's latest products on October 22, 2013 in Abu Dhabi. Nokia has unveiled its first phablets -extra-large phones- and its first tablet computer. AFP

Nokia, whose handset division is to be acquired by Microsoft, launched its first-ever tablet computer in Abu Dhabi on Tuesday.

Posted: October 22nd, 2013 in Gadgets,Headlines,Latest Technology Stories | Read More »

Nokia launches $99 smartphone targeting emerging-market users

Nokia Chief Executive Officer Stephen Elop displays a Nokia Asha 501 smartphone during its launch in New Delhi, India, Thursday, May 9, 2013. Nokia unveiled the first of a new family of Asha smartphones with the Nokia Asha 501 priced at US$99.  AP PHOTO/ALTAF QADRI

Struggling Finnish handset giant Nokia unveiled on Thursday its next generation of lower-end mobile smartphones as it seeks to gain traction in a market expected to be worth $40 billion by 2015.

Posted: May 10th, 2013 in Gadgets,Latest Technology Stories | Read More »

Nokia Siemens axes services unit, 1,000 jobs at risk

nokia siemens network

Nokia Siemens Networks, a joint venture between Finnish and German engineering giants Nokia and Siemens, said Wednesday it is shutting down one of its German units with the potential loss of 1,000 jobs.

Posted: December 6th, 2012 in Gadgets,Headlines,Latest Technology Stories | Read More »

Nokia litigates against Blackberry-maker over patents

nokia

Finnish mobile giant Nokia said on Wednesday it had filed lawsuits in the US, Britain and Canada against Blackberry-maker Research In Motion (RIM) claiming it has breached patent agreements.

Posted: November 28th, 2012 in Gadgets,Headlines,Latest Technology Stories | Read More »

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