Error
  • JUser::_load: Unable to load user with id: 67

Featured Articles

Analysts expect ARM to do well next year

Analysts expect ARM to do well next year

British chip designer ARM could cash in on the mobile industry's rush to transition to 64-bit operating systems and hardware.

More...
Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Samsung has lost smartphone market share, ending the quarter on a low note and Xiaomi appears to be the big winner.

More...
Intel Broadwell 15W coming to CES

Intel Broadwell 15W coming to CES

It looks like Intel will be showing off its 14nm processors, codenames Broadwell, in a couple of weeks at CES 2015.

More...
Gainward GTX 980 Phantom reviewed

Gainward GTX 980 Phantom reviewed

Today we’ll be taking a closer look at the recently introduced Gainward GTX 980 4GB with the company’s trademark Phantom cooler.

More...
Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac has been in the nettop and mini-PC space for more than four years now and it has managed to carve…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Thursday, 27 October 2011 08:36

Sony to buy out Ericsson for $1.47 billion

Written by






Will save some of it on ink


Sony has confirmed that it will pay $1.47 billion for Ericsson’s 50 percent share in Sony Ericsson.

The joint venture was founded back in October 2011 and it established itself as one of the most successful phone makers in the years to follow. However, the outfit struggled to adapt to new market trends and its sales plummeted over the past five years, from 103 million units in 2007 to just over 43 million last year.

Sony will also get an IP cross licensing agreement, allowing it to use the joint venture’s patents pertaining to wireless communications, which should come in handy for its tablet business.

Although Sony Ericsson didn’t make much of an impact in the smartphone market, its latest Android based devices have managed to grab some attention. With a bit more investment and Sony’s stepped up involvement, this could change for the better. The deal should be finalized in early 2012.

Interestingly, the announcement comes just a day after Nokia launched its first Windows Phone handsets, so we might be looking at the start of a Scandinavian phone renaissance.









blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments