Featured Articles

Intel takes credit for three-way 4K gaming

Intel takes credit for three-way 4K gaming

All of a sudden Intel is talking about desktop gaming like there is no tomorrow and it is pushing it. The…

More...
Nvidia Shield Tablet 32GB 4G LTE out for pre orders

Nvidia Shield Tablet 32GB 4G LTE out for pre orders

Nvidia has finally revealed the shipping date of its Shield Tablet 32GB in 4G LTE flavour and in case you pre-order…

More...
Apple announces its Apple Watch

Apple announces its Apple Watch

Apple has finally unveiled its eagerly awaited smartwatch and surprisingly it has dropped the "i" from the brand, calling it simply…

More...
Skylake 14nm announced

Skylake 14nm announced

Kirk B. Skaugen, Senior Vice President General Manager, PC Client Group has showcased Skylake, Intel’s second generation 14nm architecture.

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Wednesday, 19 October 2011 11:22

Nokia headed towards a loss

Written by Nick Farell

nokia

Second in a row

Troubled phone outfit Nokia is set to report a second consecutive quarterly loss tomorrow, with smartphone shipments falling to the lowest since 2009.

Analysts think that Nokia's third-quarter net loss may have reached 241 million euros after a 368 million-euro loss in the second quarter. Nokia is hoping that its deal with Microsoft will pull it out of trouble next year.

The company's stock has slumped 46 percent in the eight months since Chief Executive Officer Stephen Elop decided to phase out the company’s 10-year-old Symbian operating system and switch to Microsoft software. Elop wants to release a new Windows Phone 7 at the Nokia World event in London next week.

Nokia, based in Espoo, Finland, has lost more than half its smartphone market share since 2007. Still other analysts think in the long term Nokia will do well, which makes its shares a bit of a bargain.


Last modified on Wednesday, 19 October 2011 11:33
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments