Nokia is jumping back into the consumer device market by licensing its brand to Foxconn to create a tablet called the N1 running Google's Android platform.
Nokia is set to re-enter the mobile devices market in the first quarter of 2015 with a new tablet PC running the Android operating system.
Nokia expects sales and profits in its core Networks business to continue to grow. The company is also anticipating higher sales from its mapping and patent licensing units.
The increasing appetite for Carrier Wi-Fi solutions will result in revenues growing to nearly $8 billion (€6.4 billion) by 2019. Asia-Pacific is the top region in [terms of the] number of installed Wi-Fi hotspots while Europe and North America continue to grow their networks through the use of community hotspots.
Microsoft is indicating that next week it will unveil its first Lumia-branded smartphone without the Nokia moniker attached, and early rumors are that it will be entry-level device aimed at the mass market.
Microsoft reported a jump in smartphone sales for the third quarter and also confirmed it will put its own brand name in place of the Nokia brand on its Lumia Windows Phone smartphones going forward.
Nokia reported growing sales in the third quarter, thanks in part to booming business in its Network unit, which was driven by a strong performance in North America. The company reported its first year-over-year growth in quarterly revenue since the first quarter of 2011.
Fundamental changes in demand will be very disruptive to smartphone suppliers. Smartphone vendors that want to succeed will need to make significant cost reductions while also adapting with new product offerings, changes in supply chains, and product distribution.
Microsoft will put its own brand in place of the Nokia brand for new Lumia devices, according to The Verge.
Last week the U.S. economy marked a major milestone: The official unemployment rate dipped to 5.9 percent, the first time it has been below 6 percent since the summer of 2008. Indeed, some companies in the wireless industry that shed thousands of jobs in recent years are now on the mend. But, despite those improvements, continued shifts in the mobile market have forced thousands of workers out of their jobs this year. Here is a list of the biggest job cuts so far this year: