Items tagged with Nokia

Nokia is back in the smartphone business, but the company has not yet been restored to its former glory. Nokia sat idly by after it sold its Devices and Services Division to Microsoft, only to see the company squander any momentum with smartphones and layoff thousands of employees in the process. HMD Global (HMD), a Finnish company that acquired the rights to use the Nokia brand, has released its first smartphone, the Nokia 6. Like the overwhelming majority of new smartphones released today, it is running Google’s Android operating system — in this case, the most recent version, Nougat. The Nokia... Read more...
Nokia, once the top seller of cellular phones in what feels like a lifetime ago, is suing Apple over claims that its popular iPhone handsets infringe on several mobile patents owned by the Finnish company. The lawsuit is a result of Nokia failing to convince Apple to renew licensing agreements inked in 2011 that are about to expire. Nokia sought to extend those agreements, and had Apple been willing, there would be no lawsuit. Having sold off its handset business, many wondered if Nokia would turn to more aggressively pursuing patent agreements and litigation. A sign of things to come might have... Read more...
If you thought that Google’s underwater FASTER fiber cable system was fast, Nokia is here to show that “Anything you can do I can do better.” Alcatel-Lucent Submarine Networks, a division of Nokia, announced today that it has set a record with a staggering 65 Tbps data transmission via an undersea fiber link running over a distance of 6,600 kilometers (4,100 miles). To put that achievement into perspective, Nokia says that the 65 Tbps capacity is enough to stream 10 million HDTV channels… simultaneously. Nokia says that this high water mark also provides 13,000 times more capacity than the first... Read more...
Here's a bit of good news for budding filmmakers who want to create virtual reality experiences. Nokia just slashed $15,000 off the price of its funky looking Ozo, the first VR camera system specifically designed for professional production. Now brace yourself for the bad news—the price cut brings the cost down to $45,000, which is still a hefty chunk of change. Hey, that's $5,000 less than it costs to spend just a single night at the Ty Warner Penthouse at the top of Manhattan's Four Season's Hotel (no joke). And if you want a 2016 Tesla Model S P90D, you'll have to come up with more than twice... Read more...
Nokia was once a major force in the mobile phone market, before the rise of smartphones and subsequent selloff to Microsoft, which never made good use of the transaction. Now Nokia is making a comeback, or at least will attempt to make one, through a 10-year licensing deal with HMD Global Oy. HMD is a new outfit in Finland that was created to "provide a focused, independent home for a full range of Nokia-branded feature phones, smartphones, and tablets." The decade long deal covers exclusive branding rights and intellectual property licensing, and in return HMD will make royalty payments to Nokia... Read more...
Remember Nokia's fancy pants Ozo camera? It's billed as the first virtual reality camera system specifically designed for professional production, and today we learned it will have a price tag to match -- $60,000. Ah, but turn that frown upside down, you don't have to come up the full amount right off the bat. It only requires a $5,000 deposit! All kidding aside, the price tag reflects the camera's target audience and intended purpose. This isn't a toy or even a high-tech device for hobbyists, but a serious tool for creating professional level content in the emerging VR field.Is it just us, or... Read more...
It’s far too soon to predict whether Nokia will have any success breaking back into the market it once dominated, but it’s clearly going to try. Position postings on LinkedIn suggest that the comeback plan envisioned by Nokia’s CEO, Rajeev Suri, is underway. Nokia expects to shed the legal restraints from the sale of its phone division to Microsoft toward the end of 2016, at which point it will be free to take on the companies that brought it down: Apple and Samsung. The biggest indication that Nokia could be planning to re-enter the smartphone market in the near future can be found on LinkedIn.... Read more...
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...
1 2 3 4 5 Next ... Last