Archive for the “Press releases” Category

 Nokia profit down with 44% in Q2   Press release

Nokia released the Q2 2011 stats and its not looking good, but ill guess that's what happens when you hire "MS" Elop as CEO. Press release after the break!

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se2 Sony Ericsson blames Q2 loss on Japanese earthquake

Bert Nordberg, President and CEO of Sony Ericsson commented, "Sony Ericsson's second quarter profitability was affected by the March 11 earthquake in Japan. We estimate that the impact of earthquake-related supply chain constraints on our portfolio was close to 1.5 million units, with most of the effect in the early part of the quarter. Our shift to Android-based smartphones continues with smartphone sales accounting for more than 70 percent of our total sales during the quarter. We have shipped more than 16 million Xperia smartphones to date. We have introduced eight new Xperia smartphones this year and we continue to see strong consumer and operator demand across the Xperia smartphone portfolio."
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nokia logo11 Nokia cuts European smartphone prices   Press Release

Nokia has cut the prices of its smart phones in Europe, Reuters reports Tuesday citing two industry sources. The steepest cuts of around 15% have been on models including include the N8, the multimedia phone C7 and the E6 targeted at business users, Reuters reports, while other price cuts were smaller.

"Price changes are part of our normal, ongoing business and from time to time we may adjust prices for specific products in specific locations. All business as usual," Nokia spokesman James Etheridge told Dow Jones Newswires.

The Finnish company has been struggling to maintain market share in the highly competitive smart phone market, where it competes with Apple Inc.'s iPhone and handsets running on Google Inc.'s Android platform.

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wireless tower Ericsson: Mobile broadband up to 10 times faster

Consumers in Sweden were the first in the world to experience commercial LTE services. Today, Ericsson demonstrated the next step of LTE, known as LTE Advanced, to the Swedish Post and Telecom Agency (PTS). The demonstration, held in Kista, Sweden, featured speeds more than 10 times faster than those currently experienced by LTE consumers in Sweden.

The system, based on commercial hardware, was operating on a test frequency provided by the PTS. This enabled Ericsson to demonstrate LTE Advanced functionality such as carrier aggregation of 3 x 20MHz (60MHz aggregated) over the air in a mobile environment for the first time.

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nokia n91 Nokia shows its new strategy in action

Today, at an event webcast around the world, Nokia CEO Stephen Elop demonstrated how the company is making significant progress on the new strategy it laid out earlier this year. From smartphones to mobile phones, from services to user interface design, and from improved device experiences to developer tools, Nokia outlined concrete actions for growth and taking leadership across the board.

  • Launches three new Series 40 mobile phones with advanced browser and maps
  • Pinpoints July as start date for Symbian Anna delivery
  • Plans up to 10 new Symbian smartphones over next 12 months
  • Unveils Nokia N9 smartphone
  • Announces continued support for Qt as part of 'next billion' strategy

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nokia apple scale 408x375 Nokia enters into patent license agreement with Apple

Nokia announced that it has signed a patent license agreement with Apple. The agreement will result in settlement of all patent litigation between the companies, including the withdrawal by Nokia and Apple of their respective complaints to the US International Trade Commission.

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nokia1 Elop: Nokia is not for sale

Nokias Chief Executive Stephen Elop fought more business fires on Thursday, denying speculation that the company is a takeover target after the Finnish cellphone maker said its chief technology officer would take an indefinite leave of absence.

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nokia booth logo Nokia replaces CTO Richard Green for medical reasons

Finland-based telecom equipment maker Nokia Thursday said Chief Technology Officer Richard Green was taking a medical leave of absence, to be replaced by Henry Tirri, head of Nokia Research Center. The news follows a ratings downgrade Tuesday and a profit warning last week that saw Nokia's shares slump to a 13 year low, as the world's largest handset maker warned it may not make a profit in the second quarter.
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