Items tagged with NYSE: NOK

For many of us, the camera on our phone is becoming the camera we use most – or even the only camera we own – so it’s not surprising that smartphone manufacturers see their phone cameras as a way to compete with the iPhone. Nokia is taking that approach with a new video that pits the Lumia 928’s low-light video recording capabilities against those of the iPhone 5 and the Samsung Galaxy S3. On paper, the yet-to-be released Lumia 928’s 8.7MP PureView camera sounds great. It has Carl Zeiss technology for better picture quality and optical image stabilization technology... Read more...
Go ahead and consider the impending launch of Nokia's rumored Lumia 928 device as confirmed. The Finnish phone maker let the cat out of the bag today, if ever so slightly, by posting the first official image of the Lumia 928 on a teaser website named after the device. Beyond the single shot, the site is woefully short on details, but at least now we know for sure the thing exists. There's no mention of the Lumia 928 in the actual photo, which depicts a handset snapping a photo of a mother and two children playing in the ocean, but it is mentioned in the site's URL (http://nokia.com/us-en/lumia928).... Read more...
Nokia previously sent out invitations to a press event in London scheduled for May 14, 2013, telling recipients on the invitations that "The Nokia Lumia story continues." There's also a section of faded text that reads, "See what's next." Nokia's teaser led some to speculate that the big reveal will be for its rumored Catwalk smartphone, and according to a Chinese Windows Phone blog, that's exactly what it will be. Catwalk is actually the codename for the device; it will be marketed and sold as the Lumia 925. Compared to its predecessor, the Lumia 920, the updated model will be thinner and lighter... Read more...
You have to love a self-aware tech company. In the clash of the titans that is Android versus iOS (or is it Samsung, HTC, et. al. versus Apple?), Windows Phone and Nokia are the oft-forgotten platform and handset maker, respectively. While fully acknowledging its “third choice” status in the mobile market, Nokia sends up the Android/iOS rivalry in a hilarious YouTube commercial for the Nokia 920, which is a rather nice smartphone. Some highlights from the clip that had us chuckling include the raising of smartphones by every member of the crowd, the jab at phablets, the use of Siri... Read more...
Nokia shipped 5.6 million Lumia smartphones in the first quarter of 2013, up 27 percent compared to the previous quarter and reflective of "increasing momentum," the Finnish phone maker said. Its overall smart device shipments totaled 6.1 million units, a point that underscores how heavily invested Nokia is in Microsoft's Windows Phone platform. It's a gamble Nokia willingly took, and so far it has yet to pay off in a big way. Nokia's net sales fell 20 percent year-over-year to 5.9 billion euros, or $7.7 billion. That translates into a net loss of 339 million euros ($442.6 million), which if there's... Read more...
Google is on the hot seat with the EU over alleged antitrust violations related to its Internet search practices on both the desktop and on mobile devices. After a two-year investigation that appears to find Google at fault, several of the complainants have voiced their displeasure at the pace of the European Commission’s action or lack thereof. Reuters says that over a dozen companies have complained, including heavy hitters Microsoft and Nokia, even as European Union Competition Commissioner Joaquin Almunia said he plans to achieve a settlement with Google before the end of the year. The... Read more...
As Nokia struggles to regain relevancy in a mobile market dominated by Apple and Samsung, Stephen Elop, the company's chief executive officer, took a 45 percent pay cut in 2012, according to a U.S. regulatory filing. No need to head off to the pantry and put together a care package for Mr. Elop, however, as he still took home 4.33 million euros, or around $5.63 million in U.S. currency, so it's safe to say he's not going hungry anytime soon. Mr. Elop earned 7.94 million, or around $10.3 million, in 2011. His base salary was actually higher in 2012 than in 2011, but his stock option awards declined... Read more...
At last week's MWC, Nokia showed-off four brand-new phones, two of which fall into the Lumia line (720 and 520). It was a little striking that the company wasn't showing off a new flagship, but on account of the fact that the Lumia 920 released only four months ago, the omission was understandable. However, as we see now, the company did show off a 920 successor at the show, but only to select individuals. One of those individuals is Russian blogger Eldar Murtazin, who has written a post about it. According to him, Nokia's "Catwalk", which we first learned about at CES, will feature a slimmer,... Read more...
The jury is still out concerning the long term success of Windows Phone 8 and Windows 8, but Nokia, who famously went all in on a Windows Phone 8 gamble when it ditched its old Symbian mobile OS for Microsoft’s new one for its phones, is looking like it made a savvy decision. The company’s Lumia handsets are nice pieces of hardware, with the primary limitation being the relatively small number of apps available (which is a number that is changing rapidly); but if you want a Windows Phone 8 device these, you’re probably going to be getting a Nokia phone because the whole package... Read more...
Nokia's strategy to buddy up with Microsoft and essentially go all-in with the Windows Phone platform is paying off. The Finnish handset maker turned a modest profit in the fourth quarter of 2012, coming out ahead on the balance sheet by 202 million euros ($269 million). That's not much, but it's just the sort of thing Nokia needed to keep its hope alive and, at least for now, quiet the naysayers. Unfortunately for Nokia, it's full-year performance wasn't all that stellar. Sales in 2012 were down 22 percent to 30.2 billion euros ($40.32 billion), compared to 38.7 billion euros ($51.68 billion)... Read more...
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