Nokia Siemens Networks is changing its name to mark the next chapter in its history as a fully owned Nokia company, but any employees hoping for a shiny new moniker will be disappointed. Meanwhile rumours suggest that a further 8,500 job cuts could be ahead for the vendor.
Nokia's top executive in charge of application development expressed what appeared to be frustration with partner Microsoft's slow pace of software innovation and updates for the Windows Phone platform.
We are in a new, market segmentation mode for smartphones: devices for different price points, and screen size choices to meet form factor preferences.
A top Huawei executive's comments opened the door to the possibility of the Chinese firm gaining a strong foothold in the U.S. network gear market via a takeover of Nokia, which could give Huawei control of Nokia Siemens Networks.
Signs of a turnaround at Nokia remain elusive after it reported a further sharp fall in revenue in the second quarter, deepening concerns that the company's bet on the Windows Phone operating system is not going to pay off and putting further pressure on CEO Stephen Elop.
Nokia reported an increase in its overall smartphone sales during the second quarter, but the results came in below analysts' expectations and pushed the company's shares down in early morning trading.
Nokia Siemens Networks achieved a second-quarter 2013 operating profit of $10.48 million vs. an operating loss of $295.62 million during 2012's second quarter, but the infrastructure vendor recorded a 17 percent year-over-year decline in sales to $3.64 billion.
Intel is expected to report lower revenue and earnings for the second quarter when it posts results after the market closes today, but investors will be yearning to hear more details from new CEO Brian Krzanich about what the company plans to do to catch up in mobile.
A picture may be worth a thousand words, but Nokia managed to generate a lot more with the launch of its Lumia 1020 late last week. The big news around the Lumia 1020, of course, is not its voice or data capabilities so much as the built-in camera, news of which traveled quickly across social media immediately following the launch event.
Nokia smartphone chief Jo Harlow explains that cutting exclusive deals for handsets with operators is necessary to get carriers to support the device.