Nokia: Consumers increasingly giving up their fixed line phones
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Global research by MORI, conducted for Nokia, has identified a strong trend for consumers to move from their fixed line phones to use their mobile handsets for all or most of their voice calls.
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Investor's Business Daily - With the cell phone market shifting from voice-focused handsets to multi-featured smart phones, Nokia has reorganized its business units to target multimedia and other data services.
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MOBILE phone giant Nokia has reported a drop in third-quarter profits after cutting handset prices to win back market share, but said sales had picked up.
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Nokia (NOK1V.HE), the world's top  cellphone maker, said on Tuesday it plans to close its plant in  Bochum, Germany, by mid-2008 and may cut up to 2,300 staff as  it moves production to lower-cost regions.
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Nokia, the world's largest mobile phone maker, reported lower third-quarter earnings on Thursday after cutting handset prices to win back market share but said sales volumes were strong as it moves into the key year-end shopping season.
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Nokia, the world's leading maker of mobile phones, has said it would shed some 700 jobs, with Finland taking the brunt of the cuts.
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A defective component in one of Nokia's flagship business phones has limited availability, the company has acknowledged.
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The new measures are due to AT&T's retreat from selling services to consumers, the company said today.
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Leading mobile phone maker Nokia   said on Thursday it would introduce three new phone  models to its line-up, two of them mid-range and one at the  higher end of the market.
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Stockholm - Nokia, the world&#39;s biggest cellphone maker, took market share in the second quarter by cutting prices and introducing new models, rebounding from its lowest level since 1999, market researcher Gartner said yesterday.
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Anti-Nokia anger in Germany for closing a factory is growing with politicians publicly ditching the firm's phones and joining calls for a national boycott in Europe's largest economy.
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Cell-phone unit won't be profitable this year.
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After the runaway success of Nokia in the late 1990's, Finland seems to be pondering whether it has lost its competitive inventive edge.
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(InfoWorld) - Nokia Corp., the world's top handset maker, said on Thursday it plans to reshuffle 700 employees over the next few months, citing a need to improve its focus and efficiency. Nokia will try to move some employees into new positions in the company, while others could take voluntary severance packages, said Arja Suominen, vice president of communications. She said she did not know many employees would be laid off, although the company will study the shuffle. Those affected are 360 employees in Nokia's Enterprise Solutions business group; 140 in the Software Platforms area of its Technology Platforms unit; 130 who deal with the company's global IT operations; and 30 in Customer and Market Operations. It wasn't clear where the remaining 40 employees work, although Nokia said the changes would affect a maximum of 700 workers. Nokia said 340 of those staff affected are based in Finland. Nokia employs 68,000 worldwide. Nokia said its Enterprise Solutions division would take a sharper focus on markets where there is a greater return on investment. Nokia posted losses for the division in every quarter in fiscal 2006, including an operating loss of â¬64 million (US$83 million) in the fourth quarter. "It's very clear we will need to make that business profitable," said Olli-Pekka Kallasvuo, president and CEO of Nokia, referring to the enterprise division. "We're looking at different options in order to do that." He spoke during a press conference at the 3GSM World Congress in Barcelona on Monday and didn't hint at the cuts announced on Thursday. Nokia said it also wanted greater efficiency from the R&D (research and development) efforts of its Technology Platforms unit. Nokia has suffered declining sales in North America while the average selling price of its models has also fallen. However, profits and revenue have remained strong, and the company reported a 19 percent increase in net profit for its fourth quarter ended Dec. 31, 2006, over a year prior, up to â¬1.3 billion. Â  Nancy Gohring in Barcelona contributed to this report.
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How its customers and channel will 'knife the baby' At times you can feel sorry for Nokia. The company is damned when it dares to plan for the future, and it's damned if it doesn't.â¦
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Flogging cheap mobiles is easy Nokia's swallowed an estimated 39 per cent of the global mobile phone market in its third quarter, sending profits rocketing 85 per cent.â¦
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Volume of calls from public plummets in the wake of phone-in scandals.