Results for "stephen elop nokia"

Bad luck Nokia: Your Next Billion is saying No Thanks

Bad luck Nokia: Your Next Billion is saying No Thanks

You can't make an omelet without breaking eggs, but Nokia's looking more scrambled than anything else today. Some number crunching after Nokia's warning of worse-than-predicted financials for Q1 2012 reveals quite how badly the Finnish company's legacy business is crumbling: the same business that Nokia was relying on to keep it afloat during the Windows Phone transition. The headline figure: a mere 83 million handset sales, down from 108.5m a year ago.

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Nokia: 2m Lumia sales in Q1 but finances still underwhelming

Nokia: 2m Lumia sales in Q1 but finances still underwhelming

Nokia sold more than two million Lumia Windows Phones in Q1 2012, the company has confirmed, though still warns that its financial performance for the period will be less impressive than previously predicted. The Finns blame "competitive industry dynamics" - particularly in developing markets - and a decline in gross margins for smartphones for the decline in operating margins, which it now predicts will be a loss of 3-percent rather than the break-even or  minus 2-percent as before.

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Nokia design chief confirms tablet

Nokia design chief confirms tablet

Nokia is working on a tablet, the company's design chief has reportedly confirmed, with the exec supposedly spending a third of his time on the well-rumored project. "We are working on it" Marko Ahtisaari confirmed to Finnish magazine Kauppalehti Optio, Reuters reports, though declined to be more specific about the incoming slate. However, rumors earlier this week suggested a Windows 8 tablet was in the pipeline for later this year.

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Nokia shutters Money service in India

Nokia shutters Money service in India

Many mobile phone companies expected one of the big emerging businesses in developing countries to be mobile money services. Many citizens in these developing nations don't use banks and need the ability to send and receive money to pay for services and goods. Late last year Nokia launched its mobile money service called Nokia Money.

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Nokia Windows 8 Qualcomm tablet tipped for Q4

Nokia Windows 8 Qualcomm tablet tipped for Q4

Nokia will launch its first Windows 8 tablet in Q4 2012, insiders have suggested, a 10-inch Windows-on-ARM machine using a dual-core Qualcomm chipset as the company looks to expand beyond smartphones. The move, tipped by DigiTimes sources among component suppliers claim, is expected to buoy Microsoft's position against Android tablet manufacturers, with the slate most likely to be powered by a Snapdragon S4 "Krait" chipset such as inside the Windows 8 developer hardware Qualcomm handed out last month. Update: Nokia statement after the cut.

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Nokia World 2012 returns to Finland

Nokia World 2012 returns to Finland

Nokia World 2012 will see the company head back to Finland, with the show to take place on September 25 and 26 in Helsinki. Apparently confirmed by Nokia design chief Marko Ahtisaari, Reuters' Tarmo Virki reports, the show will set the stage for the next phase in the company's restructuring, after seeing market share and customer interest consumed by rivals like Apple and Samsung. Update: Nokia has confirmed the location and dates.

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Nokia MWC 2012: 41-megapixels and cheap Windows Phones

Nokia MWC 2012: 41-megapixels and cheap Windows Phones

If there was a "Phoenix From The Ashes" award at Mobile World Congress it's hard to argue that Nokia wouldn't be the most worthy recipient. Twelve months ago the company was apologetically admitting it had no new devices for MWC 2011, and today it revealed a bevy of phones that opened new doors in developing markets, pushed the envelope for Windows Phone pricing, and busted the smartphone camera segment right open. We've a whole lot of Nokia coverage, so head on past the cut to get up to speed.

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Nokia axes 4,000 jobs, begins smartphone customization strategy

Nokia axes 4,000 jobs, begins smartphone customization strategy

Nokia has announced a further round of job losses, shifting more cellphone production to Asia and turning existing factories elsewhere to "smartphone product customization" to satisfy niche demand. Around 4,000 employees are expected to lose their jobs at Nokia's Komarom, Hungary, Reynosa, Mexico and Salo, Finland facilities by the end of 2012, with the three factories moving to create boutique customized devices for the American and European markets.

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White Nokia Lumia 800 hits Australia in March

White Nokia Lumia 800 hits Australia in March

Nokia will launch its Lumia 800 Windows Phone in Australia come March, with the existing black, cyan and magenta variants joined by a white model. Offered on Australian carriers Optus, Telstra, Vodafone "and all major retailers" no pricing for the Lumia 800 has been announced, but the smartphone will come complete with Nokia Drive for turn-by-turn navigation and Nokia Music for subscription-free streaming audio.

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Nokia CEO taps salesmen to assure Lumia push

Nokia CEO taps salesmen to assure Lumia push

Over the last year when it came to Windows Phone, we saw a lovely looking user interface fall victim to less than stellar engagement and interest on the part of the public - Stephen Elop this week says that it's the work of the salesmen, not the manufacturer, to make the final drop of the device into the hands on the consumer. Without a doubt there's a certain flair to the Lumia line of smartphones being released both here in the USA and abroad this year, but without the folks in the stores actually pointing people to the hands-on equipment, there's certainly no chance of a big hit in the engagement environment. Elop let the world know in Nokia's sales call what he expects from store employees in the very near future.

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Nokia sells “well over” 1m Windows Phones, still makes €1bn loss

Nokia sells “well over” 1m Windows Phones, still makes €1bn loss

Nokia has announced its Q4 2011 financial results, and the big news is Windows Phone sales: "well over 1 million Lumia devices to date" the Finnish company claims. Still, strong out-the-gate demand for the Lumia 800 and Lumia 710 weren't enough to turn Nokia's ailing books around: the company recorded a €954m ($1.25bn) profit loss in Q4 2011, bringing the final 2011 tally to a €1.073bn ($1.4bn) loss, down 43-percent year-on-year.

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