Next-gen iPhone concept rendering looks like it could be the real thing - UberGizmo (blog)

Next-gen iPhone concept rendering looks like it could be the real thing - UberGizmo (blog)

Assuming the rumors are to be believed, this year’s iPhone from Apple could very well feature a display of at least 4”. Thanks to a bunch of other rumors suggesting an aluminum back and a smaller dock connector, creative director at iTopNews, Toby Kick, has come up with a 3D rendering of what he thinks the next-gen iPhone will look like. According to him, he believes that the next-gen iPhone will feature a narrower frame, a larger screen along with an aluminum back, which is the new theory after claims of liquid metal use have been dismissed. Based on what we’re looking at, this rendering is probably the most “realistic” rendering we’ve seen to date, in the sense that it looks like it might actually be a real product as opposed to one that comes with all the bells and whistles and over-the-top features. However it is reminiscent of the iPhone 4/4S except with a larger display and a slightly curved back, but what do you guys think? Could the next-gen iPhone look like this?

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Nokia downgraded by S&P after Samsung pushes past - Yahoo Finance

HELSINKI (AP) -- Standard and Poor's on Friday downgraded Nokia's credit rating by one notch and warned that it may reduce it again unless the company's performance improves.

The rating agency said it was lowering the Finnish company's long-term corporate credit rating to BB+ from BBB- and its short-term corporate credit rating to B from A-3.

The downgrade came after Nokia Corp. posted huge first-quarter losses and a 30 percent drop in sales and a report earlier Friday estimated Samsung Electronics Co. had overtaken it as the world's largest maker of mobile phones.

"We now expect Nokia to report significantly lower margins and cash flows in 2012 than we had previously expected," S&P said. "The outlook is negative, reflecting the possibility of a further downgrade if Nokia fails to stabilize revenues and margins and significantly cut its cash losses."

Nokia CFO Timo Ihamuotila said the company was in transition, a year after it teamed up with Microsoft Corp. to incorporate Windows software in its new handsets.

"Nokia is in the middle of a transformation program which encompasses every aspect of our business," Ihamuotila said, adding that the company was "implementing a decisive action plan" to improve growth.

"The main focus of these actions is on lowering the company's costs, improving cash flow and maintaining a strong financial position, while bringing attractive new products to market," he said, but gave no details.

Nokia's share price closed down slightly at €2.74 ($3.62) in Helsinki.

Last week, Nokia announced one of its worst quarterly results ever, blaming tough competition for a €929 million ($1.2 billion) net loss as sales plunged, especially in the smartphone market. It said it expects no improvement in the second quarter.

The cell phone maker is fighting fierce competition in the top-end from Apple Inc.'s iPhone and other makers using Google Inc.'s popular Android software, including Samsung and HTC of Taiwan. It is also being squeezed in the low-end by Asian manufacturers making cheaper phones, such as China's ZTE.

Boston-based Strategy Analytics said Friday that Samsung surpassed Nokia as the world's largest seller of cell phones by volume, grabbing a 25 percent global market share against Nokia's 22 percent.

The agency's report also said that Samsung had overtaken Apple as the largest maker of smartphones selling 44.5 million units against Apple's 35 million. Nokia dropped to third place with under 12 million sold in the quarter, Strategy Analytics said.

Fitch ratings agency recently downgraded Nokia to junk status, while Moody's has cut it to near junk status.

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Online:

www.nokia.com