Nokia said Thursday it will cut up to 10,000 jobs worldwide by the end of next year, part of an accelerated cost reduction program at the Finnish cellphone maker.
Shares of Finnish mobile phone giant Nokia plummeted Wednesday after the company yet again said it expects financial results to miss prior forecasts.
They look glossy and new, their touch screens glow enticingly and they're filled with the latest mind-bendingly complicated chips and processors -- but are the newest mobile gadgets any good?
Mobile phone giant Nokia on Monday unveiled a phone with a powerful 41 Megapixel camera as it attempts to reposition itself back at the forefront of the mobile market.
How do you say "here goes nothing" in Finnish?
As Nokia prepares for its next crucial venture into the U.S. and high-end smartphones, the Finnish cell-phone maker is missing a crucial piece: an abundant catalog of applications.
Nokia announced Thursday that it plans to cut 3,500 jobs by the end of 2012. These reductions are in addition to the 4,000 announced in April, and are part of a major restructuring.
Being the leader in a market is sooooo overrated. Sometimes, it's better to be an also-ran -- because then you get caught up in crazy takeover speculation!
Google Android captured 48% of the smartphone market in Q2 of 2011, hitting an all-time high, according to a report by market research firm Canalys.
U.S. stocks were headed for a higher open Tuesday, following better-than-expected retail sales and manufacturing data.
Shares of Finnish mobile phone giant Nokia plummeted Tuesday after the company said it expects device sales to come in "substantially below" its quarterly estimates.
Nokia CEO Stephen Elop announced Friday that the Finnish mobile phone maker would make a radical shift in its business strategy, highlighted by a switch to Microsoft's Windows Phone 7 smartphone platform.
Nokia is still the Titanic of the cell phone world, but in the past few years the Finnish company is having to steer around a lot more icebergs.
Last week I offered some eco-friendly cell phone tips for people looking to save energy when they communicate.
updated: Sat Sep 18 2010 01:29:00
CNN's Ayesha Durgahee went to the 15th Nokia World conference in London.
Like soccer and small cars, Nokia is popular everywhere in the world except the United States.
The shakeup at Nokia continued on Tuesday as the Finnish mobile phone maker announced that its chairman, Jorma Ollila, would be stepping down in 2012.
Nokia's stock rallied Friday after the Finnish mobile phone maker said it was replacing its chief executive with an executive from Microsoft Corp.
Nokia has taken Apple to task for comments made by Steve Jobs about how users experiencing reception problems on their new iPhone 4 devices should "avoid holding it that way" ("that way" meaning a grip that blocks the antenna).
Nokia shares plunged more than 9% after the company warned investors that its cell phone business will post weaker-than-expected second quarter results.
Nokia is suing Apple over what it claims are infringing patents in the iPad and iPad 3G.
The world's top mobile phone maker Nokia launched a new patent broadside against Apple, escalating a battle for control of the smartphone market that has already led to a flurry of lawsuits.
Cell phone giant Nokia Corp. filed a lawsuit against Apple Inc. on Thursday, alleging that its iPhone infringes on its patents.
A few hours before the global launch of Nokia's latest high-end phone, the company gave a sneak peek at the gadget to a dozen bloggers and journalists gathered at its swank Midtown Manhattan concept store. With an elegant touchscreen that slid open to reveal a full keyboard, the device evoked lust in even the iPhone disciples present.
Nokia isn't immune from the economic slowdown, but on the flip side, the company says it's not seeing the U.S. spending pullback invading Europe.
Not long ago, investors couldn't get enough of Garmin and its hugely popular line of GPS devices.
Note to telecom investors: Uh-oh. Qualcomm announced Tuesday plans to buy back more of its stock and to boost its dividend, sending a clear signal to investors that it's facing a tough year.
Nokia isn't foolish enough to think that its line of Internet Tablets is going to attract everyone. The company has readily admitted that it's for a certain audience--gadget lovers and early adopters--and we certainly agree with that statement.
U.S. statistics in 2005 revealed that less than 20 percent of the country's used or unwanted electronics were recycled. Now companies likes Sony, Nokia and Hewlett Packard are creating drop-off centers there to make it easier to properly dispose of their products.
When Nokia made its $8.1 billion offer for digital mapmaker Navteq in early October, the first question batted around by investors was, Why pay so much? The question they should have asked was, How do I get in? Not on Navteq -- too late for that -- but on the technology trend to which Nokia just gave a multibillion-dollar vote of confidence: location-based services.
updated: Thu Oct 18 2007 07:09:00
Microsoft Chairman Bill Gates says the future of communication starts with getting rid of voicemail.
Nokia's $8.1 billion acquisition of digital maps provider Navteq marks a sea change in the mobile industry as software and services become as important as the phones themselves.
Nokia is buying U.S. navigation-software maker Navteq for around $8.1 billion, the world's largest mobile phone maker said Monday.
The mobile carrier aims to compete against Apple with its own music downloading service
Nokia said Friday it has asked the U.S. International Trade Commission (ITC) to bar the import of some Qualcomm Inc. chipsets to the United States, alleging they are infringing five Nokia patents.
Nokia warned Tuesday that up to 46 million batteries used in some of the company's cell phones could be faulty and pose a risk of overheating
Life as the world's largest maker of cell phones isn't half bad for Nokia. The Finnish giant sold more than 100 million handhelds worldwide last quarter, leading to near-record profits. Company shares are trading at their highest level in four years.
Upbeat earnings from Nokia and Starbucks helped stocks remain modestly higher, but residual subprime concerns and a weaker-than expected factory order reading capped gains.
Strong cellphone demand in Asian emerging markets boosted Nokia Oyj's second-quarter sales and profits, sending its shares to their highest level in more than five years.
Stocks moved modestly higher Thursday, as investors embraced positive earnings from companies such as Nokia and Starbucks, a day after the Dow industrials soared 150 points.
Nokia, the world's top mobile phone maker, said Tuesday it would buy U.S.-based photo-sharing social networking site Twango, but did not disclose the price.
Long gone are the days when a mobile phone was just a device for nattering with friends or colleagues. Nowadays, any mobile phone worth its salt comes laden with a host of gadgets to inform, amuse, confuse and, as anyone who has tried to use predictive text, frustrate the user.
While traveling in Europe earlier this year, Nokia product manager Jyri Engestrom missed his friends and family - and wished for a way to find out where they were without calling them all.
Six dollars might not seem like a lot of money in a $750 billion industry - but it is. That's the approximate royalty that Nokia, the world's largest handset vendor, pays on average to Qualcomm, th...
If Steve Jobs' Apple decides to build a wireless phone, as widely rumored, the company has the chance to shake up not just the wireless device business - an industry dominated by the likes of Motorola and Nokia - it also could upend the entire wireless distribution model in the United States.
For nearly a decade, cell phone carriers have dreamed of the day when consumers can shop using their handhelds, not their wallets. One touch of the dial pad and the holiday scarf for Mom is sold.
Nokia Corporation ranks no. 131 on FORTUNE's Global 500 this year, with $42.5 billion in revenues, up 16.7% from the previous year. The Espoo, Finland-based company was ranked no. 130 on the 2005 list. Its 2005 profits were $4.5 billion, up 12.6% from a year earlier. 2005 was a banner year for most Global 500 companies.
It's not often that Nokia finds itself the underdog. But in the business of smartphones - powerful wireless devices that can handle e-mail and office documents in a compact package - that's exactly where the world's largest cell-phone maker stands.
It's not easy being green. But for cell-phone companies like Nokia, Motorola, and Palm, the alternative seems to be going into the red.
It seemed like a routine marketing ploy when Finnish mobile-phone giant Nokia trumpeted a global survey in early June showing that two-thirds of handset users think music-playing phones will replac...
Stocks opened higher Monday morning, as investors expressed some optimism on day without economic readings.
It seemed like a routine marketing ploy when Finnish mobile-phone giant Nokia trumpeted a global survey in early June showing that two-thirds of handset users think music-playing phones will replace standalone MP3 devices like Apple's iPod. After all, Nokia is hoping for a high-margin revenue stream from new computer-like telephony devices.
Nokia's first crack at the handheld gaming market -the 2003 release of the N-Gage, a videogame console that doubled as a cell phone - was a major flop. Unsurprisingly, consumers weren't keen on irritating features like having to hold the phone sideways against their face to take calls or remove the battery to insert a new game card.
Wireless stocks rallied Thursday after cell phone maker Nokia unveiled a surprisingly strong forecast for growth in cell phone sales this year.
Stock futures aimed even higher before the opening bell Thursday following fresh economic reports, helped by a bullish outlook by leading cell phone maker Nokia, and despite worries about the showdown over the Iranian nuclear program.
HIT Flower power.
THE NOKIA 8800 IS SLIM AND SEXY AND can be opened with barely a flick of the wrist, thanks to ball bearings specially ordered from the same firm that supplies Porsche. But the $700 phone, which hit...
Memories of the burst tech bubble still haunt Wall Street, but there are some signs of life for technology stocks.
From checking your e-mails, or listening to music, to making home movies, you might think your brand new mobile phone model does everything you need it to, and more.
Stocks gained Monday morning as an unconfirmed report that Cisco Systems may be interested in buying Nokia helped temper worries about record high oil prices and Tuesday's Federal Reserve meeting.
Tech stocks appeared ready to lead U.S. stocks higher at Monday's open as such developments as a report of Cisco Systems' possible interest in cell phone maker Nokia greeted investors.
Sleek design, simple user interfaces, and music-playing phones. Nope, not Apple or Motorola. Try Nokia. In an effort to compete against commodity handsets flowing out of Asia and establish its phon...
If you thought UHF had gone the way of eight tracks and Betamax, think again: The broadcast spectrum could be the future of television. This summer, cell-phone giant Nokia and chipmaker Qualcomm ar...
Nokia Wednesday introduced a hand-sized portable device for browsing the Web and checking e-mail over wireless Internet connections.
While the N-gage has been an also-ran in the portable gaming market, cell phone maker Nokia remains undeterred -- and plans to expand the system's potential user base dramatically by the end of the year.
After years of resisting, Nokia has finally decided to launch a range of "clam-shell" mobile phones in response to demand from consumers.
SAN FRANCISCO (CNN/Money) - If you're keeping score at home, the number of new gaming platforms that will be introduced and discussed this May has now jumped to four.
IT'S JUST BEFORE 8 A.M., AND DAWN OVER HELSINKI IS STILL hours away, but Nokia CEO Jorma Ollila is in his office waxing on about the virtues of sisu, a hard-to-translate Finnish word that means "gu...
Stocks slumped for the first three weeks of the year, a phenomenon either encouraging for the markets, or very worrisome, depending on how you look at it.
NEW YORK (CNN/Money) - Tech stocks had a second straight winning year in 2004 and the IPO market came back with a vengeance.
Last year Intel made a serious error in one of its most promising businesses, flash memory chips, which are widely used in cellular phones. It drastically raised prices, angering large customers li...
Nokia came through again...and the leading maker of cell phones appears to be repairing its bad reputation as a "serial warner."
Pocket Protector
Technology stocks got a lift Thursday when mobile phone maker Nokia Corp. raised its earnings forecast. Positive earnings news from National Semiconductor and Texas Instruments also helped boost overall sentiment.
The Nasdaq rallied and the Dow trimmed its losses Thursday in a late-session surge as investors focused on the positive in earnings news from Nokia, Texas Instruments and National Semiconductor.
Stocks rose early Thursday as investors pounced on Nokia's bullish forecast, Texas Instrument's mixed forecast and a drop in weekly jobless claims.
U.S. stocks could get a bounce at the open Thursday as investors digest Nokia's bullish profit and sales forecast and better-than-expected weekly report on the labor market.
Every cellphone user has experienced the annoyance at one point or another. The cellular connection is suddenly "dropped," mid-sentence, on your important phone call, and seemingly for no reason at...
How do you say unmitigated disaster in Finnish?
Disappointing profit guidance from cellphone maker Nokia could put some pressure on technology stocks Thursday while investors await results from another tech bellwether, IBM.
The near-term outlook for cell phone market share leader Nokia is getting more and more staticky by the day.
U.S. stocks were on track for a mixed open after disappointing earnings from IBM and mobile phone equipment manufacturer Nokia.
What I'm about to say could result in me losing face in the gaming world...My friends, the days of sidetalkin' are coming to an end.
A few columns ago, I predicted that MP3-player-equipped cell phones would one day overwhelm the market for stand-alone MP3 players.
Let's get the good news out of the way first. Nokia's shocker of an earnings warning Tuesday morning was not a sign that first quarter tech earnings are going to be bad.
U.S. stocks tumbled early Tuesday after a profit warning from Nokia provided an incentive to take profits after two days of rallying.
With the markets in a holding pattern, investors may be looking for ways to grow their money, and two money managers appeared on CNNfn to suggest some positions in beverage, wireless and chip companies.
Wow. Telecom equipment investors must have had some sore arms Thursday morning.
If you find it annoying when your cell phone rings at the most inappropriate moments, count yourself lucky: At least it hasn't exploded. Cell-phone giant Nokia found itself on the hot seat this fal...
Digital cameras are selling well, but camera phones are doing even better. Big gains in Asia have pushed global shipments of camera phones beyond those of regular digital cameras for the first time...
It's certainly awkward when your boss walks by naked as a jaybird at the gym. Do you wave? Give a cool nod? Where do you look? Now imagine this: You, your boss, and a whole bunch of your colleagues...
Let's face it: The novelty of hearing your cell phone play Fur Elise--or even a riff from 50 Cent's "Wanksta"--wears off pretty fast. Ditto for most of those video games you can play on your handse...
Let's face it: The novelty of hearing your cell phone play Fur Elise -- or even a riff from 50 Cent's Wanksta -- wears off pretty fast. Ditto for most of those video games you can play on your handset.
If you're lucky enough to find yourself in the 18th-floor ballroom of the Beijing Hotel when the weather is clear and sunny, as it was one crisp day this past December, you'll be treated to an ama...
You'd think it was Argentina, the way so many managers have come and gone from Fidelity Select Technology lately. In the course of a month, the MONEY 100 fund went through three managers; over the ...
Last year was the worst ever for the telecom industry, but Jorma Ollila, CEO of Finland's Nokia, comes across like a man who has just returned from a six-month sabbatical in the South of France. At...
As president of Nokia, headquartered in Espoo, Finland, Ala-Pietila steers a telecom giant whose largest market is the U.S., whose fastest-growing market is China, and whose cellular phones are man...
Nokia has thrived in a business that's brought others to their knees: wireless phones. While skimpy profits and even losses on handsets are the norm, the Finland-based firm has achieved fat 20% ope...
Wireless stocks have been in the doghouse for months now. Former high fliers Nokia and Ericsson have been severely beaten down on fears of slowing growth of handset sales and the delayed buildout o...
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