Microsoft may be riding high on the Windows 10 rollout but it still feels the sting of the loss caused by the purchase of Nokia a few years back. Microsoft’s acquisition of the Finnish company was speculated to be a sure hit, only it didn’t. The Lumia devices never performed as expected and neither did Nokia’s Android devices. And just last week, Microsoft wrote off Nokia $7.5 billions on Nokia, considering the company brought the once-smartphone major for $9.5 billions. Thus, what was Microsoft’s loss became Huawei’s gain as the Chinese company became the third largest mobile phone vendor, displacing Microsoft without [...]
Nokia, the Finnish equipment maker who recently sold its mobile business unit to Microsoft, is reportedly considering selling its maps business HERE. The move reflects its plan to boost the company’s core wireless network unit and push up the shares rating.
According to a report by Bloomberg, the company is in talks with potential buyers such as Uber Technologies and a number of private-equity firms, as stated by people familiar with the matter. The source revealed that some German carmakers have reached Nokia for the same and will bid for its maps service, expected to take place as soon as this month.
Microsoft’s CEO Satya Nadella announced the biggest job cut in the history of the company. The company will lay off 18,000 of its employees. The majority of these cuts, around 12,500 will be Nokia employees. The cuts will be on all fronts, from professionals to factory workers, everyone can expect pink slips.
In a letter to his employees, Satya Nadella stated that the first 13,000 folks losing their jobs will be notified in the coming six months. He also said that while the cuts are being made, there will be some employment opportunities in other areas too.
He promised that the [...]
It was the year 2001, and Nokia had just rolled out its best phones yet, the 8250 was a super success right after the launch of the 8210 which was one of the best selling “high end” cellular phones available at the time. But, the year also marked the end of monochrome displays, as Nokia the only big name in mobile telephony would transition to color displays for their next generation of phones.
The Nokia 9210 communicator became the phone of choice of many professionals, the first color screen clamshell to revolutionize the Mobile industry. Nokia had everything working [...]