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! Nokia Q2 2011 net sales EUR 9.3 billion, non-IFRS EPS EUR 0.06 (reported EPS EUR -0.10) Published July 21, 2011 6.7% Devices & Services non-IFRS operating margin, benefiting from IPR royalty income related to the second quarter 2011 and settling prior periods Nokia Corporation...

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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...

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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...

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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...

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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...

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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. The financial structure of the agreement consists of a one-time payment payable by Apple and on-going royalties to be paid by Apple to Nokia for the term of...

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