Nokia Cancels $5 Billion Worth of Manufacturing Contracts
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.
Nokia Brings Back the 3310
Nokia today introduced a new version of the old Nokia 3310 phone. It includes a color screen, Snake, and the original Nokia ringtone.
Nokia Reiterates Path to New Phones Is Complicated
Nokia has again affirmed its plans to bring Nokia-branded handsets back to the market eventually, but warned that things won't be as they were. Nokia sold its handset division to Microsoft in 2014.
Nokia Issues Statement On Handset Plans
Nokia today issued a statement reaffirming that it will not manufacture cell phones. "Recent news reports [claim Nokia] communicated an intention to manufacture consumer handsets out of an R&D facility in China.
Nokia Dishes More On Possible Phone Plans
Nokia CEO Rajeev Suri today reiterated that the company would like to return to the phone business, but said it is in no rush. Speaking at the Mobile World Congress trade show, Suri noted that Nokia will not manufacture its own handsets, but will instead license its brand to an outside manufacturer.
USA! USA!! USA!!!
we are the champions, WE ARE THE CHAMPIONS! OF THE WORLD!!
Asus makes a many, if not all, Apple branded products.
I hope Apple takes the #1 spot when 3.0 comes out!!! The only thing I love more than my country is watching businesses in my country KICK EVERYONES ASS with a better product!!!!
USA! USA!! USA!!!
we are the c
Nokia is the #1 phone maker in the world with 40 percent sales of phones. Only 10 percent of sales in the States. America is a tough territory for Nokia. While they make a great device, America has been given a huge handout of software choices. Nokia has been rather weak in this area. Google and Apple have now joined Windows Mobile for dominance in America and have their eyes set on worldwide use. This is now going to make it even tougher for Nokia.
I think Samsung and LG have done a great job of conforming to America's needs and wants. This also helps these two in getting world attention as well. Time, the Economy and Nokia's strategy approach is going to be key to recovery or they may...
no1 buying Nokia because
where is the Nokia with 800x480 and USA 3G?
Weren't all CDMA devices outsourced? And isn't CDMA going to migrate to LTE? Good Choice for Nokia!
With Sprint seeming to be the only CDMA operator not choosing to deploy LTE, and Nokia and Sprint do not have the closest relationship anyway, I think it is a great move for Nokia.
While $5 billion is a lot of money, it seems like a good portion will be CDMA, and unless Nokia has resumed CDMA manufacturing, it is seeming to migrate away from it before the technology actually dies.
I wonder how much of the $5 billion are Nokia's GSM/HSPA phones? If Nokia is going to put all its resources into HSPA/LTE to...
there a boy talks, and there are
if Nokia is so great, i wonder y the stock price this year is trading from 34buk all the way down to under 12buk today!
now do a google on HTC and see how much profits they make quarters after quarters!