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All posts tagged "nokia"

  • Nokia agrees to buy Alcatel-Lucent for $16.6bn, puts HERE on sale

    Nokia is going to buy Alcatel-Lucent for $16.6 billion in shares. Once the merger is completed Alcatel-Lucent will take on the Nokia name. Though the deal has been approved by both companies’ boards, its completion is subject to receipt of regulatory approvals and other customary conditions. Nokia said that it expects, once everything has been completed, to close the deal on the first half of 2016. In a statement, Nokia President and Chief Executive Officer, Rajeev Suri, said “Our innovation capability will be extraordinary, bringing together the R&D engine of Nokia with that of Alcatel-Lucent and its iconic Bell...

  • Samsung will make fewer smartphone models next year

    Samsung executives have confirmed that the company is betting on a more streamlined range of smart devices as it looks to claw back some of the profits it lost in the most recent financial quarter. Before releasing its quarterly earnings report last month, the company warned of weak demand for phones and increased marketing spend. Still the announcement to streamline its range of smartphones is hardly surprising. Read more: Samsung profits fall as it gets squeezed at both ends of the market The global smartphone leader's market share declined in annual terms for the third straight quarter in July-September. In...

  • The next Nokia you own may not even be a phone

    Nokia is not done yet, at least a brand name. You see, the Finnish company looks set to license its iconic brand to other businesses, and not necessarily in the mobile space either. The reason it can do that is because in its deal with Microsoft, Nokia sold its smartphone line but held on to its brand name. Although the former mobile giant has seen massive revenue losses since 2012, it is still the world’s 98th most valuable name with a net worth of around US$3.2- billion. Its plan is to profit off that name by licensing...

  • Future Nokia devices will be branded as Microsoft Lumia, company confirms

    So it seems Microsoft has finally stuck the dagger into Nokia's ailing heart. The company once famed for making those indestructible Nokia 3310s we could never seem to destroy, will not have its branding on future Lumia phones. Instead, the brand will be known as Microsoft Lumia. We all knew this was coming, but we're pretty sad, nevertheless, to see this iconic name die. While there are currently no Microsoft Lumia devices on the market, Tuula Rytilä, Senior Vice President of Marketing for Phones at Microsoft noted that she is "looking forward to unveiling a Microsoft Lumia device soon." Interestingly, she also...

  • All of a sudden, things aren’t looking so bad for Microsoft

    Over the last few months people have been asking a lot of questions about Microsoft. That's understandable. Steve Ballmer's retirement was sudden and, even a few weeks before he was named, Satya Nadella was a dark horse in the race to replace him. Now though, things are starting to look up for the Redmond-based tech giant. Once we started learning more about Nadella, it became increasingly apparent that he was probably wasn't the worst candidate when it came to setting Microsoft back on track. He had, after all, run its most successful division and came with serious geek credentials....

  • Microsoft, Nokia could close their multibillion dollar deal by April

    If you've been wondering when Microsoft's US$7.1-billion buyout of Nokia's handset business will finally go through, we're now that much closer to actually knowing. Nokia today issued a statement saying that it hopes the deal, which was first announced in September last year, will close by April. The announcement comes on the back of a similar post from Microsoft, in which it says that the two companies "are nearing the final stages of our global regulatory approval process". According to Nokia, the problem lies with "antitrust authorities in Asia which are still conducting their reviews". It is careful to point out...

  • The Nokia X Android fork… smart move or dead-end?

    Unexpected? Probably not. This was one of the worst-kept secrets in mobile. Speculation that Nokia would ship an Android phone has been swirling for at least a year. And that makes sense. Any serious move to ship Android devices would’ve had to start about 18-24 months ago, way before Microsoft had conjured up a deal to buy Nokia (or, more correctly, way before Nokia was about to run out of cash and hit the wall). Of course, there’s now confusion about what Microsoft will do – will it kill Nokia X? How could it let Nokia ship an Android...

  • Microsoft narrows hunt for new CEO: Mulally, Elop on the shortlist

    Microsoft has narrowed down the search for its CEO with the list of external candidates now down to five. Among the candidates who've made that shortlist, reports Reuters, are Ford CEO Alan Mulally and ex Nokia CEO Stephen Elop. The news agency reports that the Redmond-based software giant also has three internal candidates including former Skype CEO turned Microsoft business development chief Tony Bates and cloud and enterprise boss Satya Nadella. Microsoft has been searching for a new CEO since Steve Ballmer announced his retirement back in August. The people figuring out who will take charge of the company...

  • Windows Phone fans rejoice: Instagram set to arrive in ‘coming weeks’

    This should have Windows Phone users jumping up and down in their seats with excitement. Instagram is officially coming to the platform, with its arrival set to occur in the "coming weeks". The announcement was made during Nokia's tablet and smartphone event in Abu Dhabi today by Instagram chief Kevin Systrom. While it's unclear exactly when it will happen, it seems fairly safe to say it will happen before the end of the year. “Our ultimate goal is to bring Instagram to everyone who wants to use it,” Systrom announced. “We’re looking forward to watching the Windows Phone...

  • Nokia Lumia sales reportedly hit record high for fourth consecutive quarter

    This should please Microsoft. Sales of Nokia's Lumia range of smartphones have reportedly hit record highs for the fourth consecutive quarter. According to the Wall Street Journal, Lumia sales for the period between June and September this year hit 8-million units. That's up from the 7.4-million units it sold in the previous quarter and significantly higher than the 2.9-million units it managed to shift in the same period last year. The information, which the Journal says comes from people familiar with the matter, has emerged on the eve of a massive event which will see the company launch at least...

  • Trouble in Finland: Nokia’s CEO Elop refuses to reduce his $25M payday

    Nokia's soon to be ex-CEO, Stephen Elop, is reportedly refusing to reduce the stipulated US$25-million payday he is to be awarded by the company for managing to sell it off. According to ZDnet, the company has begged Elop to consider reducing the amount. Microsoft announced its plans to buy Nokia's handset business and license a number patents earlier this month. During the announcement Microsoft also said that Elop would step down as CEO of Nokia and head to Microsoft to run its devices team and studios work. The payout, which is supposed to go to Elop if and when...

  • 5 great brand responses to Apple’s iPhone announcement

    Over the past couple of years it's become fairly common practice for brands to leverage on big, newsworthy events on social media. And, unlike the birth of royal babies, the launch of a new iPhone is a fairly safe event to target. Small wonder then that a number of brands jumped on the bandwagon and released tacticals around yesterday's iPhone 5S/5C launch event. We've rounded up some of the best examples we've seen so far. Denny's US Diner chain Denny's had a go at the gold iPhone 5S with this gem. pic.twitter.com/Uf24TaCUfa— Denny's (@DennysDiner) September 10, 2013 Nokia UK When Apple announced...

  • Microsoft’s Nokia, Galaxy Gear, Yahoo!’s meh logo: #StuffToKnow on the web

    It's been a pretty big week in tech: Microsoft bought Nokia for US$7.2-billion in a bid to increase its tiny slice of the global mobile market. Samsung released its Galaxy Gear smartwatch, officially starting a new age of wearable tech. And Yahoo!, the company that was the Google of yesteryear, released its new logo... it’s not great. TECH Microsoft set to buy Nokia for €5.4 billion This was the biggest one of the week, in the wake of the news of their CEO Steve Ballmer calling it quits and an ongoing attempt to becoming a "devices and services" company and so...

  • Microsoft’s Nokia buyout bound to be a massive boost to Elop’s CEO chances

    Outgoing Microsoft CEO Steve Ballmer confirmed in an interview with The Seattle Times that Stephen Elop is not only on the shortlist for the top job but also hinted that he may have jumped a few notches up the ladder, stating, "Stephen will go from external to internal." Well duh, we already knew this obviously, but it’s nice to know we were right. It would of course be unfair to expect Ballmer to know exactly where Elop stands in the race to be his successor. After all, he's not on the committee charged with finding that person. Still,...

  • Microsoft’s Nokia purchase will change the technology landscape and its own future

    Microsoft has announced that it intends to buy Nokia’s devices and services business for €5.4-billion. In one fell swoop Microsoft has reshaped the technology landscape and its own business for the foreseeable future. Steve Ballmer recently announced the reorganisation of Microsoft to focus on devices and services. That focus had a deep flaw and analysts were quick to point out that Microsoft had no real depth or expertise in supply chain management and distribution. This made its problems in the hardware side of the business, with Zune, the abortive Kin mobile phones, and far more significantly the Surface tablet billion...