EMEA Technology Correspondent
Tarmo's Feed
Jul 19, 2011

Nokia seen making Q2 loss

HELSINKI, July 19 (Reuters) – Nokia (NOK1V.HE: Quote, Profile, Research), the largest
phone maker by volume, probably fell into the red in the second
quarter and is not expected to recover for a few more as its
aging models keep losing market share.

Chief executive Stephen Elop has been pinning turnaround
hopes on new smartphones using Microsoft’s (MSFT.O: Quote, Profile, Research) Windows
software, but these will only come to the market later this
year.

Jul 15, 2011

Sony Ericsson counts cost of Japanese disaster

HELSINKI/STOCKHOLM (Reuters) – Mobile phone maker Sony Ericsson forecast an upturn in the second half, as it posted a first quarterly loss since 2009 due to a parts shortage stemming from the March 11 earthquake and tsunami in Japan.

Chief Executive Bert Nordberg said on Friday most of the hit was felt in the early part of the quarter, and that this would be negligible in the third quarter.

Jul 15, 2011

Sony Ericsson swings to second quarter loss after Japan quake

HELSINKI/STOCKHOLM (Reuters) – Mobile phone maker Sony Ericsson swung to a second-quarter loss after the March 11 earthquake and tsunami in Japan weighed on its earnings more than expected.

Chief executive Bert Nordberg said on Friday most of the hit was felt in early part of the quarter and the effect would be tiny in the third quarter. “There might be some minor spillover. In our planning this is behind us,” he told Reuters.

Jul 15, 2011

Sony Ericsson swings to quarterly loss after Japan quake

HELSINKI/STOCKHOLM (Reuters) – Mobile phone maker Sony Ericsson swung to a second-quarter loss after the March 11 earthquake and tsunami in Japan weighed on its earnings more than expected.

Chief executive Bert Nordberg said on Friday most of the hit was felt in early part of the quarter and the effect would be tiny in the third quarter. “There might be some minor spillover. In our planning this is behind us,” he told Reuters.

Jul 15, 2011

Sony Ericsson swings to Q2 loss after Japan quake

HELSINKI/STOCKHOLM, July 15 (Reuters) – Mobile phone maker
Sony Ericsson swung to a second-quarter loss after the March 11
earthquake and tsunami in Japan weighed on its earnings more
than expected.

Chief executive Bert Nordberg said on Friday most of the hit
was felt in early part of the quarter and the effect would be
tiny in the third quarter. “There might be some minor
spillover. In our planning this is behind us,” he told Reuters.

Jul 13, 2011

Nokia, Siemens fail to sell stake in NSN

HELSINKI (Reuters) – Nokia (NOK1V.HE: Quote, Profile, Research, Stock Buzz) and Siemens (SIEGn.DE: Quote, Profile, Research, Stock Buzz) have abandoned attempts to sell a stake in their joint venture Nokia Siemens Networks (NSN) NOKI.UL after holding unsuccessful talks with private equity firms for the past 12 months.

The failure heaped fresh woes on struggling Nokia and sent its shares below 4 euros and to their lowest levels since January, 1998.

Jul 13, 2011

Samsung, HTC, Apple to show Q2 cellphone gains

HELSINKI/SEOUL (Reuters) – Samsung Electronics and HTC are predicted to be the big winners in the global cellphone market in the second quarter, benefiting from booming demand for their smartphones running Google’s software.

Google’s Android software platform in just a few years has taken the No 1 spot on the smartphone market, and analysts are increasingly convinced its growth helped Samsung last quarter to end Nokia’s 15-year reign as the largest smartphone maker globally.

Jul 7, 2011

Struggling LG slashes phone sales targets

SEOUL/HELSINKI (Reuters) – LG Electronics Inc slashed its sales targets on Thursday, as it struggles to break into the fiercely-competitive smartphone market.

The South Korean firm, the third-largest phone maker globally by volume, also said it was unable to predict a turnaround time for the phones unit, which has reported four consecutive quarterly losses.

Jul 5, 2011

Nokia cuts smartphone prices

HELSINKI (Reuters) – Nokia has cut the prices of its smartphones in Europe in an attempt to slow the decline in its share of the higher end of the market, two industry sources said on Tuesday.

One of the sources with direct knowledge of Nokia’s pricing said the steepest cuts of around 15 percent were made on prices for the company’s flagship model, the N8, the multimedia phone C7, as well as the business user-targeted E6.

Jul 5, 2011

Nokia cuts smartphone prices -sources

HELSINKI, July 5 (Reuters) – Nokia has cut the
prices of its smartphones in Europe in an attempt to slow the
decline in its share of the higher end of the market, two
industry sources said on Tuesday.

One of the sources with direct knowledge of Nokia’s pricing
said the steepest cuts of around 15 percent were made on prices
for the company’s flagship model, the N8, the multimedia phone
C7, as well as the business user-targeted E6.