Reuters informs us that Nokia made some changes to its leadership structure and phone business, following the announcement of its first quarterly loss in many years. Thus, the company will split its phone business into three sections: Mobile Phones (cheaper models), Smartphones (handsets running Symbian) and Mobile Computers (high end devices running...
The global economic depression has left its mark on Nokia, who recently reported a loss of 559 million EUR or $832 million for Q3 2009. This is the first net financial loss since the company began reporting quarterly in 1996, according to Bloomberg. Nokia claims that the loss can blamed on costs associated with its joint initiative with Siemens, plus...
While Nokia is reporting a 66% decrease of its quarterly revenue and Motorola’s not doing so well (for the past 2 years actually), Sony Ericsson is also sinking into the depression, since they’ve just posted another quarterly loss. This is the fourth consecutive quarterly loss and it’s now very clear why LG surpassed the company,...
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