Nokia acquires Plum Ventures
Mobile phone manufacturer Nokia has announced that they are now acquiring Plum Ventures.
Plum Ventures is a social media firm based in the United States.
Nokia did not reveal the financial aspects of this new acquisition.
Nokia revealed little but did say that they would integrate Plum’s technologies into their own social [...]
Apple is the third largest smartphone maker in the world
Apple iPhone was launched just around 2 years ago.
The company has already become the third largest smartphone maker in the world.
And this has been achieved with a single product named Apple iPhone.
Apple has till now launched three different versions of the iPhone.
Two of [...]
Nokia to launch Intel powered mobile devices?
Bloomberg has reported that Intel has gained Nokia has a customer for their mobile processors.
Intel has been looking to enter into the mobile device market with their chips.
Bloomberg reported that the two companies could announce this deal as early as today.
Intel is currently scheduled to hold a press [...]
Nokia to cut 490 more jobs
Mobile phone maker Nokia has announced that they are now going to cut an additional 490 jobs.
This latest round of job cuts are part of their restructuring program aimed to cut costs and save money.
The company said that it would cut 170 jobs in logistics, production management and production [...]
Nokia seeking 1,000 voluntary resignations to cut costs
World’s largest mobile phone maker Nokia has announced that they are seeking around 1,000 voluntary resignations to cut costs in their global operations.
The company said that they would open this new program next month.
Nokia is also planning to increase short-term unpaid leaves and sabbaticals.
The company has also [...]
Nokia too cutting jobs
World’s leading mobile phone maker Nokia has announced that they are cutting production at their Salo plant in Finland.
The company is also closing a research site in Jyvaskyla, Finland.
Nokia said that the demand for mobile phones in the market is slowing and they have to cut the production to avoid excessive stock.
A [...]
Nokia collaborating with HCL in India
World’s biggest mobile phone company Nokia has announced that they are now collaborating with Indian IT giant HCL Infosystems.
The two companies would now work together to offer mobile value added services and entertainment content to mobile users in the Indian market.
This deal would however require an approval [...]
RIM to pay Nokia patent related royalties
World’s leading mobile phone maker Nokia has stated that Research in Motion would be paying it an up-front payment and royalties related to usage of its wireless technology patents.
Nokia said that RIM has just renewed a multi-year patent license agreement with it.
The details of the deal signed between [...]
iSuppli: mobile phone market likely to shrink next year
Market-research company iSuppli has said in a report that they expect the mobile phone market to shrink next year.
They now expect the market to see shipments of 1.22 billion phones.
This is 6 percent lower than their forecast for the current year.
iSuppli is not [...]
Qualcomm profits down due to worsening economic conditions
Qualcomm has come out with their latest revenue report.
The company has posted disappointing results.
Qualcomm profits in the most recent quarter were down 22 percent.
Revenues were however up 45 percent.
The company gained from a recent deal signed with Nokia which is the largest mobile phone maker in [...]
