Bureau Chief, Helsinki
Ritsuko's Feed
Jul 10, 2013

Nokia to bet on camera upgrade in smartphone push

HELSINKI, July 10 (Reuters) – Nokia is expected
to unveil a new smartphone with a 41-megapixel camera on
Thursday, banking on advanced optics to make up for meagre
marketing resources and a limited range of phone apps.

Analysts, however, are sceptical that a new camera for the
flagship Lumia smartphone will be enough for the Finnish company
to regain market share from rivals Samsung and Apple
.

Jul 10, 2013

Nokia to bet on Lumia’s camera upgrade to overcome budget handicap

HELSINKI, July 10 (Reuters) – Nokia is expected
to unveil a new smartphone with a 41-megapixel camera on
Thursday, banking on advanced optics to make up for meagre
marketing resources and limited phone apps.

Analysts, however, are sceptical that a new camera for the
flagship Lumia smartphone will be enough for the Finnish company
to regain market share from rivals Samsung and Apple
.

Jun 20, 2013

Nokia M&A talk stirs share valuation rethink

HELSINKI, June 20 (Reuters) – Investors alert to M&A
speculation around Nokia are taking a fresh look at
whether the struggling mobile handset maker’s share price
undervalues its assets and increasing signs of financial
stability.

Reports of interest from Huawei and Microsoft
show Nokia is still vulnerable but several analysts
said they were more optimistic since plunging sales and alarming
cash burn raised fears of default several months ago.

Jun 19, 2013

Finland’s economy set to shrink as exporters struggle

HELSINKI, June 19 (Reuters) – Finland on Wednesday slashed
the outlook for its economy, predicting it will shrink for the
year, raising doubts about its reputation as one of the euro
zone’s healthiest economies.

The forecast added to concerns that traditional industries
such as paper were losing global competitiveness.

May 14, 2013

Nokia unveils new metal-body Lumia smartphone

LONDON/HELSINKI, May 14 (Reuters) – Nokia
unveiled a lighter, metal model in its Lumia smartphone range,
as it tries to catch the eye of buyers to close the huge market
lead of rivals Samsung and Apple Inc in the
lucrative handset market.

The Lumia 925 is the latest in Nokia’s range using
Microsoft’s Windows Phone software and will be sold for
469 euros ($610) before taxes and subsidies through carriers
such as Vodafone and China Mobile.

May 7, 2013

Nokia investors tell CEO their patience running thin

HELSINKI (Reuters) – Nokia investors told Chief Executive Stephen Elop on Tuesday that they were running out of patience with his flagging attempts to catch up with market leaders Apple and Samsung in smartphones.

Many shareholders at the annual general meeting in Helsinki said Elop should reconsider his 2011 decision to switch to the phone operating software made by his former employer Microsoft, which has left the company scrambling to get back in the race from a standing start with its new Lumia range of smartphones.

Apr 19, 2013

Nordic carriers Telia and Elisa hit by price pressures

STOCKHOLM/HELSINKI, April 19 (Reuters) – Nordic telecom
operators TeliaSonera and Elisa reported
weaker first-quarter profits, as competition intensified in
Europe’s mobile and internet services industry.

Both Telia and Elisa, like other European peers, have been
squeezed by price pressures, falling voice call revenues and a
failure to turn surging data traffic into profit growth.

Apr 19, 2013

TeliaSonera to focus on costs in flat market

STOCKHOLM/HELSINKI, April 19 (Reuters) – Nordic telecom
operators TeliaSonera and Elisa reported
weaker first-quarter profits, as competition intensified in
Europe’s mobile and internet services industry.

Both Telia and Elisa, like other European peers, have been
squeezed by price pressures, falling voice call revenues and a
failure to turn surging data traffic into profit growth.

Apr 18, 2013

Nokia sales tumble overshadows Lumia pick-up

HELSINKI (Reuters) – A big fall in sales of Nokia’s basic phones overshadowed a stronger performance from its Lumia smartphones in the first quarter, and it said it expected operating margins to deteriorate, sending its shares tumbling.

The Finnish mobile phone maker also reported an unexpected fall in sales at its previously upbeat equipment venture Nokia Siemens Networks.

Apr 15, 2013

Nokia seen curbing sales decline with Lumia’s China push

HELSINKI (Reuters) – Nokia’s push to expand sales of its Lumia smartphones in new markets such as China should help shrink an overall revenue decline and reduce its first-quarter loss, easing some of the pressure on CEO Stephen Elop.

Quarterly results on Thursday are also expected to show a turnaround at communications equipment venture Nokia Siemens Networks (NSN), bolstering Nokia’s bottom line and supporting the shares’ recovery from last year’s record low.