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 [...]
Nokia to pay $2.5 billion to Qualcomm
World’s largest mobile phone maker Nokia has revealed that they would be making an upfront payment of $2.5 billion to wireless technology company Qualcomm.
This payment would be part of the settlement with the company related to royalty disputes.
Nokia did not give out many details on this new arrangement with [...]
Nokia posts declining profits as market more competitive
Nokia is facing intense competition from Apple in the US and European markets.
The company has come out with their latest revenue report and they have posted a declining profit scenario.
Their third-quarter profit fell 30 percent as Research in Motion and Samsung are gaining momentum in markets around the [...]
Esko Aho is the new head of corporate relations at Nokia
Mobile phone maker Nokia has named former Finnish Prime Minister Esko Aho as their new head of corporate relations.
He would start his work in the company from November this year.
He would take over from Veli Sundbaeck who would retire from the company sometime next year.
Aho [...]
Motorola just manages to stay third largest mobile phone company
Motorola used to be the second largest mobile phone company in the world till just few months ago.
Then Samsung overtook them to become the second largest player.
Now, LG is closing in as Motorola has just managed to retain the third spot in the latest reports.
Nokia [...]
Nokia invests more in Nokia Growth Partners
Mobile phone maker Nokia has announced that they would be investing an additional $150 million into its venture investment arm Nokia Growth Partners.
With this they have totally invested $250 million in this unit.
This unit of Nokia works on finding emerging Internet services from China and India.
John Gardner, partner [...]
Nokia completes acquisition of Plazes
Mobile phone maker Nokia has announced that they have now completed the acquisition of mobile social networking company Plazes.
They had announced this deal last month and it has now been completed.
This deal further enhances Nokia’s internet services which they have been working on since quite some time now.
Plazes enables the [...]
Sony Ericsson to cut 2000 jobs as sales down
Mobile Phone Company Sony Ericsson has announced that they are now cutting around 2000 jobs in their worldwide operations.
The company is struggling to compete in the market which is currently dominated by Nokia and Samsung.
The entry of new players like Apple is also not making it easier [...]
