Items tagged with Nokia

Nokia may be down, but it’s not out. The company stands to rake in $2.8 billion from a deal today in which the former cell phone behemoth is selling off its HERE mapping and location services business. Nokia first started looking for buyers in April while considering a deal with Alcatel-Lucent. Today, the move should help Nokia trim fat and build up cash in advance of the planned merger. A consortium of auto companies, including Audi, BMW and Daimler bought Nokia’s HERE mapping business. The consortium is paying $2.8 billion, but Nokia says it expects to receive in the neighborhood of $2.5 billion... Read more...
Virtual reality has captured the hearts and minds of consumers and developers alike with systems like Oculus Rift and Samsung's Gear VR, but what if you want to capture your own VR content? Nokia has you covered. The company announced a funky looking camera with an equally funky name -- OZO. While it looks like one of the orbs that shot energy bolts at a blindfolded Luke Skywalker during his Jedi training, it's actually a purpose-built camera designed for professional content creators. OZO came out of the minds of Nokia's R&D facilities in Tampere, Finland. It's a work in progress, though it's... Read more...
Microsoft suffered one more black eye as it emerged from the Nokia debacle this week. The company’s Q4 earnings statement formally announced a $2.1 billion loss, the biggest in Microsoft’s history.Driving that dramatic loss is the $7.5 billion impairment charge from Microsoft’s failed attempt to revive the Nokia phone business. Microsoft bought Nokia’s cell-phone component (as the latter company nose-dived) two years ago in a head-scratcher $7.2 billion deal. It subsequently released a string of mostly inexpensive phones that ran Windows software. The phones failed to take off in the numbers that... Read more...
Nokia is down, but not out. The Finish telecom company has been planning a way forward after a stunning fall from grace (similar to that of BlackBerry) as consumers turned away from inexpensive cell phones to smartphones running Apple’s iOS and Google’s Android operating systems. And, like BlackBerry, Nokia said this week that it is planning to revive its phone business and is looking for a manufacturing partner.  The move follows a dramatic few weeks in which Microsoft threw in the towel on its efforts to make the company’s purchase of Nokia’s phone business into a viable venture. The... Read more...
Microsoft’s $7.2 billion acquisition of Nokia’s Devices and Services division has been a disaster of epic proportions. Microsoft brought over most of Nokia’s employees into the Microsoft fold, only to jettison many of them over the past year. The culmination of this Nokia culling occurred this morning with the announcement that Microsoft is axing 7,800 employees, primarily from its smartphone division. To add insult to injury, Microsoft is taking a $7.6 billion impairment charge on its $7.2 billion Nokia purchase. Youch! There’s just no way to sugarcoat this unfortunate turn of events, but Microsoft... Read more...
A familiar face is returning to the smartphone scene. After selling its mobile phone business to Microsoft in 2014, Nokia plans to get back in the game in late 2016 when its agreement with the Redmond outfit expires. However, Nokia won't get back to building handsets and will instead design the hardware and license its brand to other companies."We will look for suitable partners," Nokia boss Rajeev Suri said. "Microsoft makes mobile phones. We would simply design them and then make the brand name available to license."As part of its sales agreement with Microsoft, Nokia is prohibited from slapping... Read more...
Well, look what the cat dragged in. It appears that the folks over at Nokia were well on their way towards releasing a smartwatch that would have competed in a market that is starting to swell with Tizen-, Android Wear-, and watchOS-based offerings. However, Microsoft’s acquisition of Nokia’s Devices and Services division in 2014 put an end to what was known internally as project Moonraker. Although most know Moonraker as the 1979 film starring Roger Moore as James Bond, Nokia’s Moonraker was actually a colorful smartwatch that looks similar in design to Sony’s Smartwatch 3. Existence of Moonraker... Read more...
Apparently Uber has big plans that extend beyond simply being an alternative taxi service for smartphone users. The startup wants to grow into something more: enter the logistics game and deliver both people and goods in short time frames. In order to do that, the company is willing spend several billion dollars acquiring Nokia's mapping service. According to a report in The New York Times, Uber is one of several companies caught up in a bidding war for Here, the primary competitor to Google Maps. Citing multiple people speaking on the condition of anonymity, NYT says Uber's offered as much as... Read more...
Nokia’s mobile phone woes continue, but now they are Microsoft’s woes, thanks to the company’s $7.2-billion acquisition of Nokia’s mobile phone business early last year. Microsoft recently filed a 10-Q with the Securities and Exchange Commission (SEC) that, notes Computerworld’s Gregg Keizer, suggests a loss of about 12 cents per phone. Is Microsoft planning a write-off of the Nokia acquisition? Microsoft Lumia 640“Given its recent performance, the Phone Hardware reporting unit is at an elevated risk of impairment,” the report states. “Declines in expected future cash flow, reduction in future... Read more...
That was fast. Less than a week after Re/code broke so-called news out of China that Nokia was returning to the phone manufacturing fold via its patent licensing division Nokia Technologies, the Finland-based company has issued a statement via their website denying its intent to re-enter the cell phone space in which they for so long ruled. "Nokia notes recent news reports claiming the company communicated an intention to manufacture consumer handsets out of a R&D facility in China. These reports are false, and include comments incorrectly attributed to a Nokia Networks executive. Nokia reiterates... Read more...
Nokia finalized a sale of its mobile phone business to Microsoft last year for $7.2 billion, and though it was reported that Microsoft negotiated the rights to use the Nokia brand on mobile products for the next decade, by November of 2014, Microsoft released its first Lumia handset without the Nokia label. Less than five months later, there's talk that Nokia wants back in the game.According to Recode and the "two sources briefed on Nokia's plans," the Finnish company is planning to once again compete in the mobile space as early as next year. The comeback would be under the operation of Nokia... Read more...
Nokia just announced a huge acquisition today, confirming that it is purchasing one of its closest competitors in the network equipment market: Alcatel-Lucent. The purchase price was a hefty $16.6 billion in an all-stock transaction. The acquisition will allow Nokia to better compete with Chinese players like Huawei, which have flooded the market with low-cost networking equipment. According to Bernstein Research, the combined companies will take over the second place spot in the mobile network hardware market with a 35 percent share. Ericsson will maintain its first place position with a 40 percent... Read more...
It looks like the mobile payments arena is finally heating up. Apple Pay is popping up in retailers and restaurants across the country, Google snapped up Softcard and announced its own Android Pay, Samsung Pay is making waves by waiving transaction fees, and now Microsoft is sharing details on payment capabilities that will appear in the upcoming Windows 10 release for smatrphones. (Image credit: Microsoft) The Windows payment feature (dubbed “Tap to Pay” in the materials spotted by Nokia Power User at the WinHec conference in China) is intriguing because it won’t require carrier support.... Read more...
Microsoft’s race to the bottom with its Windows Phone platform is ongoing. Today, we’ve learned that Amazon has dropped the price of the Nokia Lumia 635 to all-time low of $29.99 off-contract. That puts the Lumia 635 just $10 above the low-point set by the Lumia 520 in late December. If you need a refresher, the Lumia 635 features a 4.5-inch (480x854) display, a 1.2GHz quad-core processor with 512MB of RAM, 8GB of storage and a microSD slot. You’ll also find LTE support, a 5MP rear camera, and an 1830 mAh battery. The Lumia 635 runs Windows 8.1 out of the box but has full support for Lumia Denim... Read more...
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