There were just speculations yesterday and today Nokia has officially announced that it plans to go ahead with the purchase of Alcatel-Lucent. Nokia will pay $16.6 billion in share for takeover Alcatel-Lucent, a rival telecom equipment manufacturer. The merger will be complete by first half of next year. In a statement, Alcatel-Lucent CEO Michel Combes said “This transaction comes at ... Read More »
According to a British court order HTC must stop selling its One Mini in the UK by this week. The court order comes after a judge ruled that HTC has indeed breached a patent held by Nokia. This could mean major trouble for HTC as it very recently launched the One Mini in the UK. But HTC did survive losing ... Read More »
Nokia smartwatch doesn’t seems like a far fetched idea for Nokia, though the once champion of mobile phone sector lost all of it’s market share to the raise of smartphones. Nokia is still fighting. A handful of new Lumia smartphones will reportedly be unveiled toward the end of October at the Nokia World conference in Abu Dhabi, and a new ... Read More »
Apple and Samsung are the king and queen of the smartphone market. They are now commanding 55% of the smartphone market and makes 90% of its profits, which leaves a measly 10% to the rest 45%. Smartphone have continued to grow massively every quarter. The above are the reports from the first quarter of 2012. Smartphone shipments have been growing ... Read More »
Nokia has announced it’s plans cut almost 20% of it’s work force and close research centers and a factory. Research centers and factory will be closed in Germany, Canada and Finland. It has also announced the departures of three senior executives. This desperate and sudden move by Nokia came after it continually lost it’s mobile market share to competitors and ... Read More »
Google’s Android OS and Apple’s iOS are increasingly dominating the mobile market share. They have showed impressive gains in the first quarter of 2012. Symbian and BlackBerry on the other hand continue to lose their ground. Market research firm IDC has published it’s global smartphone market share report for the first quarter of this year. Android was a clear out ... Read More »
Companies that were once the pioneers in their fields spearheading the field of technology and electronics with their innovation, manufacturing unmatched gadgets that were in high demand, reporting profits that attracts envy from every other company who are now struggling to just stand-up. Thanks to new and emerging technologies companies that failed to quickly adapt them have been falling back ... Read More »
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