HTC's Vive virtual reality headset will not have a widespread commercial launch in 2015, as initially planned, with the launch slipping into 2016. HTC had previously said the Vive would be commercially released by year-end.
Nokia and industrial investment company China Huaxin agreed to establish a joint venture combining Nokia China and Alcatel-Lucent Shanghai Bell (ASB) once the proposed merger of the Finnish equipment manufacturer with Alcatel-Lucent has been closed.
The recent acquisition of Nokia's Here digital mapping and location services business by a consortium comprising Audi, BMW and Daimler is a harbinger for widespread strategic change in technology supply for automobiles. Smartcar companies including Daimler and Volkswagen admit they need Apple and Google as partners, but these Silicon Valley companies also pose significant threats as suppliers and as direct competitors.
Nokia's Here unit took another step towards defining common specifications for processing information from automotive sensors through the cloud by hosting a forum comprising 16 auto industry companies.
Microsoft confirmed it has ended negotiations with staff and will close Nokia's former handset product development unit in Salo, Finland. Microsoft also reiterated that it plans to cut 2,300 of its 3,200 employees in the Nordic country, part of a broader restructuring and round of job cuts the software giant announced in July.
Nokia's proposed acquisition of Alcatel-Lucent took another step forward with its filing of a preliminary draft of a registration statement on Form F-4 with the U.S. Securities and Exchange Commission (SEC).
Nokia won't be jumping back into the smartphone business until the fourth quarter of 2016 at the earliest, but it is already preparing for its reentry by hiring software experts, testing new products and looking for sales partners, according to a Reuters report.
Alcatel-Lucent CEO Michel Combes will step down from his role on Sept. 1 as the vendor moves toward completing its deal with rival Nokia; the combined company is going to be led by Nokia CEO Rajeev Suri.
Nokia reported stronger sales overall in its core networking business and a strong increase in sales in North America. The company had its most profitable quarter overall since it sold its handset business to Microsoft in April 2014, according to Nokia CEO Rajeev Suri.
Alcatel-Lucent CEO Michel Combes said that there is strong pressure in the industry to have "5G" network products ready as soon as possible.