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Nokia Cancels $5 Billion Worth of Manufacturing Contracts

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Mar 28, 2009, 12:04 PM   by Eric M. Zeman

Nokia recently announced that it has slashed its outsourcing operations to the tune of $5 billion. Nokia uses several outside companies to manufacture some of its phones. In 2008, for example, about 17% of all Nokia handsets were not actually made by Nokia. Nokia said it has completely halted all outside manufacturing, and will make all its own phones for an undefined period of time. Nokia cited the slackening demand for handsets worldwide for the scale-back.

more info at Reuters »

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Subject Author Date
GOOD!!! murmermer Mar 28, 2009, 2:09 PM
Nokia's problems. Slammer Mar 28, 2009, 2:23 PM
no1 buying Nokia because netboy Mar 28, 2009, 1:02 PM
Weren't all CDMA devices outsourced? And isn't CDMA going to migrate to LTE? Good Choice for Nokia! algorithmplus Mar 28, 2009, 5:46 PM
there a boy talks, and there are netboy Mar 28, 2009, 3:15 PM
 
 
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