As had been expected, Microsoft named Satya Nadella as its third CEO. Nadella will take the place of the outgoing Steve Ballmer, who announced last year he would retire. In naming a 22-year Microsoft veteran as CEO, the company's board chose an insider who was considered a safe choice at a time when the company is being buffeted by challenges on the mobile front and is integrating Nokia's handset business.
Microsoft is poised to name Satya Nadella as its next CEO to replace the outgoing Steve Ballmer, according to multiple reports. The move, if confirmed, would elevate the company's cloud and enterprise chief to the top spot at a time when the company is focusing more on consumer hardware, epitomized in its $7.4 billion deal to buy Nokia's handset business.
Nokia has announced a major sales push for its infrastructure division, Nokia Solutions and Networks (NSN), in the second half of 2014, although weak spending by European telecoms operators makes it unlikely growth will come from its domestic market.
Nokia's overall handset business reported a drop in sales for the fourth quarter and the company posted weaker smartphones sales in the period than it did in the third quarter, a troubling sign since the holiday season is typically the strongest for smartphone makers. The earnings, which likely will be the last in which Nokia reports handset sales, come just as Microsoft is finalizing a $7.4 billion deal to take over Nokia's devices business and underscore the challenges Microsoft will face as a hardware maker.
Nokia Solutions and Networks' year-over-year sales plummeted 22 percent during 2013's fourth quarter and the company predicted shrinking profit margins going forward.
How did the wireless industry perform in the fourth quarter of 2013? Check here throughout the fourth-quarter earnings report season for full earnings reports from the wireless industry's...
Nokia will reportedly disclose a continuing decline in infrastructure sales just as it prepares to leave its handset history behind and become primarily a network equipment company.
Rajeev Suri is currently being considered for the CEO position of Nokia after the company completes the sale of its handset division to Microsoft, according to a Bloomberg report.
What Nokia did to Symbian and Meego app developers this month was the online equivalent to breaking up with someone via a Post-It note. In fact, the closure of the Nokia Store for Symbian on Jan. 2 was accompanied by a Tw eet that would have comfortably fit on a small piece of paper: "That was it; we are officially closed. Thank you all for the past years!" For developers who remained loyal to Symbian, Meego and its long-established community of users, however, it would be hard to see the abrupt shutdown of the app store as a thank-you.
LAS VEGAS--Microsoft thinks its deal to acquire partner Nokia's devices and services business won't alienate other Windows Phone OEMs and will in fact help Microsoft better understand their needs and desires, according to a Windows Phone executive.