First they said wait for WP7, then wait for Nokia Handsets, then wait for Mango, then Tango, now its wait for Win 8............I see
Damn Shame they didn't do the right thing and go android.
Ahh well more market share for Sammy I guess.
For Nokia, tick-tock goes the comeback clock - CNET News
The Lumia 900 isn't enough to save Nokia.
(Credit: Josh Miller/CNET)Nokia has issued yet another profit warning and restructuring amid promises that it will lure customers with one-of-a-kind mobile experiences. The big question is whether it has the time and cash to rebound.
The company's latest restructuring effort rhymes with the last handful executed by Nokia. Nokia said it will:
- Invest in developing new smartphones and feature phones;
- Cut costs;
- Lay off another 10,000 workers by the end of 2013;
- Return its devices and services unit to an operating profit "as soon as possible";
- Close plans, consolidate functions and ditch non-core businesses such as Vertu;
- And revamp its management team to improve marketing and operations.
CEO Stephen Elop said that Nokia will double down on the Lumia line and focus on location based services. To that end, Nokia said it will acquire Scalado, which provides imaging technology. Add it up and Nokia is going map-happy.
The numbers, however, indicate that Nokia's moves may not amount to much. Simply put, it's time to start worrying about Nokia's cash on the books. Nokia thinks it can get devices and services operating expenses down to EUR 3 billion by the end of 2013. To get to that expense run rate, Nokia will take another EUR 1 billion charge. By the end of the first quarter, Nokia will have spent EUR 450 million in cash on restructuring. Cash outlflows from the second quarter on will be about EUR 650 million in 2012. In 2013, restructuring cash outflows will be EUR 600 million.
In other words, Nokia's math doesn't add up over time if there's no growth. Lumia may be a smartphone hit, but Nokia is also getting crushed on feature phones and mid-tier devices. In other words, Nokia has no easy fixes ahead. The most likely competitive outcome is that the Lumia lags Android and Apple's iPhone and Nokia is thumped from below by rivals such as ZTE, Huawei, Samsung and others.
Morgan Stanley analyst Francois Meunier said in a research note that Nokia's cash charges are worse than expected. It's fairly easy to forecast a scenario where Nokia's cash burn will become an issue with the supply chain. Suppliers may demand better terms from Nokia given its weakening balance sheet.
Meunier said:
Nokia had net cash of 4.9bn end of Q1 (gross 8.7bn).We adjust for 740m in dividend payment confirmed in May, and cash restructuring in 2012 of 650m for D&S and 800m for Nokia Siemens Networks (NSN). So even before organic cash burn (which today's announcement suggests will be worse), this would leave 2.7bn of net cash by Dec-12, with a further 600m of D&S cash restructuring in 2013, and an unknown liability on NSN.
Meanwhile, it's likely that Nokia's devices and services unit will lose money well into 2013.
In other words, the clock and cash could run out on Nokia if it doesn't step up and deliver growth soon.
Jefferies analyst Lee Simpson said:
The now commonplace Nokia pre-warning has again surfaced and the lack of success with smartphones is the culprit. With so many moving parts (Symbian extinction, Lumia disappointment, 2H12 global mobile phone category doubts, NSN disposal?), 2012 and 2013 are shaping up to be very difficult years for the company.
This story originally appeared at ZDNet's Between the Lines under the headline "Nokia: Cash and clock could run out on comeback."
TIMELINE-Nokia's rocky road under Stephen Elop - Reuters UK
June 14 |
June 14 (Reuters) - Finnish phone maker Nokia said on Thursday it would cut 10,000 more jobs and sell its luxury handset unit Vertu, its latest move to slash costs as it loses market share and burns through cash.
The following are key events since Chief Executive Stephen Elop took over in September 2010:
FEBRUARY 2011
Nokia announces it is teaming up with Microsoft Corp for its new smartphones and dumping its own Symbian platform. Elop confirms the company will cut jobs in Finland and elsewhere.
APRIL 2011
Nokia says it will axe 7,000 jobs and outsource its Symbian software development unit to cut 1 billion euros in costs.
The move includes laying off 4,000 staff and transferring another 3,000 to services firm Accenture - a total of 12 percent of its phone unit workforce. Accenture takes over Nokia's Symbian software activities.
SEPTEMBER 2011
Nokia says it will close its plant in Cluj, Romania -- slashing 2,200 jobs -- and cut 1,300 jobs in its location and commerce business unit which develops maps for mobile phones.
OCTOBER 2011
Nokia unveils two sleek new Microsoft Windows phones in time for Christmas, the first step in its fightback against Apple and Google.
NOVEMBER 2011
Nokia Siemens Networks, Nokia's network equipment joint venture with Siemens, announces it will cut 17,000 jobs, nearly a quarter of its workforce. The move aims to save about 1 billion euros a year.
FEBRUARY 2012
Nokia unveils a plan to cut 4,000 more jobs at its plants in Finland, Hungary and Mexico as it moves smartphone assembly work to Asia.
JUNE 2012
Plans to cut another 10,000 jobs globally. Warns second-quarter loss from its cellphone business will be larger than expected. It says industry competition is harsh.
Sells its luxury handset unit Vertu to EQT VI, a European private equity firm, for an undisclosed sum. (Reporting By Tarmo Virki; Editing by Erica Billingham)
Motorola DROID RAZR MAXX out performed the iPhone 4S in terms of sales - Androinica (blog)
According to Anil Doradla, an analyst at William Blair, the iPhone 4S did not claim the top selling smartphone at Verizon Wireless this past quarter. Instead, the Motorola DROID RAZR MAXX edged the iPhone 4S, but the iPhone 4S did remain the top selling smartphone at AT&T and Sprint. There are a couple of interesting reasons as to why this Motorola device and not even the Galaxy Nexus outsold the iPhone 4S.
First, Verizon had an enticing double the data promotion for much of the quarter, which only applied to 4G LTE Android smartphones. The DROID RAZR MAXX is one of the best 4G LTE devices currently offered and with battery life being a big concern for many shoppers, the RAZR MAXX was an obvious choice. Moreover, the DROID RAZR MAXX is 4G LTE while the iPhone 4S continues to operate on Verizon’s 3G network. Consumers want speed and efficiency in terms of processing power and web browsing.
Doradla believes it is too early for the upcoming iPhone launch to impact sales of the iPhone 4S today, but should become a factor in the next month or so. It will be interesting to see which Verizon smartphone takes the crown next quarter when the Samsung Galaxy S III becomes a factor.
[Barrons]
Nokia sell Vertu to EQT VI - All About Symbian
Nokia believes that this is the best option for the next step in Vertu's journey of delivering excellence, enabling the brand to focus on increased opportunities for growth in the luxury category.
"With its strong brand, undisputed category leadership and attractive growth outlook, Vertu fits well with EQT VI's investment strategy. EQT VI is excited about the opportunity to develop Vertu as a standalone company and plans to drive the development of the luxury mobile phone category through significant investments in retail expansion, marketing and product development," said Jan Ståhlberg, Partner at EQT Partners, Investment Advisor to EQT VI.
Having delivered double digit sales growth over the past few years, Vertu continues to lead its class with a portfolio of high end mobile phones, increasingly led by its smartphones and tailored services, offering unique access, experiences and opportunities to a discerning and growing customer base.
"This is a logical next step in the evolution of Vertu as the world leader in luxury mobile products," said Perry Oosting, President of Vertu. "Since Vertu began in 1998, our business has grown every year, due to the efforts of our talented workforce and the unique products and services we offer to our customers. We believe that EQT VI will position Vertu to continue to grow and lead in our marketplace."
Striking the perfect balance between an unparalleled art of craftsmanship and modern technology, Vertu offers an unrivalled range of category leading mobile phones as functional as they are aesthetically desirable.
Vertu prides itself on being a pioneer in delivering relevant, tailored luxury information and services direct to mobile handsets through Vertu Concierge, and continues to expand this proposition to deliver unparalleled customer service.
Vertu is headquartered in Church Crookham, UK and employs approximately 1,000 people worldwide.
The transaction, the terms of which are confidential, is expected to close during the second half of 2012, subject to customary regulatory approvals and closing conditions. Nokia will retain a 10% minority shareholding in Vertu.
Motorola RAZR MAXX Now Available in Spain via Yoigo - Softpedia
The smartphone will be shipped with Android 2.3 Gingerbread operating system out of the box, though Motorola confirmed the RAZR MAXX would receive an Ice Cream Sandwich update in the following weeks. Customers in Spain can now purchase the Motorola RAZR MAXX through Yoigo.
Following the success of the Motorola RAZR, the RAZR MAXX offers the same premium experience, but longer battery life.
Motorola RAZR MAXX comes with an exceptional 3,300 mAh Li-Ion battery, which should provide up to 25 days of standby time or up to 17.6 hours of talk time.
In addition, the smartphone features the same premium materials, including KEVLAR fiber, Corning Gorilla Glass and splashguard coating.
The handset also sports a hyper-vibrant 4.3-inch Super AMOLED Advanced capacitive touchscreen display that supports 540 x 960 pixels resolution and 16 million colors.
Furthermore, the RAZR MAXX boasts an impressive 8-megapixel rear photo snapper with autofocus, LED flash and full HD (1080p) video recording.
Hardware-wise, Motorola RAZR MAXX is equipped with a dual-core processor clocked at 1.2 GHz, 1GB of RAM, 16GB of internal memory and microSD card slot for memory expansion (up to 32GB).
In the connectivity front, the smartphone offers multiple options, including HSDPA and HSUPA, as well as Wi-Fi and Bluetooth 4.0 with A2DP support.
“RAZR MAXX isn’t changing the rules - it’s creating a whole new game. Building on the RAZR heritage it combines the pinnacle of design with mind-blowing power and an incredible battery life that is perfect for people who want to push their smartphone to the limits.
“Whether you want to watch hours of movies, or don’t want to worry about charging between meetings, this latest smartphone from Motorola redefines boundaries and banishes the low battery beep to history,” said Juan Carlos de la Vela, general manager Motorola Mobility Spain SL.
Motorola Razr Maxx coming to India at Rs 31,999 - Times of India
Motorola Razr Maxx measures 130.7x68.9x8.99 mm and sports a 4.3-inches super AMOLED advanced qHD capacitive touch screen with Gorilla Glass and a resolution of 540x960 pixels.The device weighs 145 grams and the phone's body is made of Kevlar fiber.
Razr Maxx is powered by a 1.2 GHz dual-core Cortex A9 processor and runs on Android 2.3 ( Gingerbread) operating system (OS), upgradable to Android 4.0 (Ice Cream Sandwich). The phone also boasts of a phenomenal 3300 mAh battery that promises a standby time of up to 380 hours.
Other features include an 8MP rear camera with 8x digital zoom that can shoot 1080 pixel quality HD videos at 30fps and a 1.3MP front-facing camera. For connectivity, the phone has Wi-Fi, Bluetooth, microUSB, HDMI port, GPS and a 3.5mm audio jack. The phone has 16GB internal memory which is expandable up to 32GB.
According to some reports, Motorola Razr Maxx is available for pre-orders in India through Infibeam at a price of Rs 31,999.
Motorola had, last week, launched two tough phones - Defy mini and Defy XT - in India.
iBall Slide 3G-7307 launched for Rs. 16499 - NDTV
iBall Slide 3G-7307 has a built in high speed HSPA+ 3G supports upload-download speeds up to 7.2 mbps and download-upload speeds up to 5.76 mpbs and it weighs 450 grams. It also supports SIM calling, SMS and voice calling as well. It runs on Android 2.3 and the company has given no indication that whether it will be rolling out Android 4.0 update.
To appeal to the youth of the country, iBall has roped in Hrithik Roshan as the brand ambassador for the brand. Commenting on this new tablet device, Hrithik Roshan, said, "Terrific performance, sleek-in design and good to hold...just like me. iBall Slide. Enjoy the ride".
This is the third Slide tablet that iBall has launched.
Key Specifications:
- 4400 mAh battery
- 1 GHz processor.
- 800X400 resolution with 1080p.
- Operating System - Android v2.3 Gingerbread
- Front and rear camera.
- Direct USB port.
- HDMI port, supports simultaneous using on tablet as well as TV
- Dual stereo speakers.
- Storage of 8 GB, expandable to 32 GB.
- In-built apps for Skype, Facebook.
- e-book reader.
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