Featured Articles

Nvidia GTX 980 reviewed

Nvidia GTX 980 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Nvidia adjusts GTX 980 and GTX 970 pricing

Nvidia adjusts GTX 980 and GTX 970 pricing

It appears that Nvidia has been feeling the pulse of the market and took some note from comments regarding the original…

More...
iPhone 6 and 6 Plus reviews are up and they are good

iPhone 6 and 6 Plus reviews are up and they are good

Apple is dancing the same dance year after year. It releases the iPhone and two days before they start shipping it…

More...
Amazon announces three new tablets

Amazon announces three new tablets

Amazon has just released three new tablets starting with the $99 priced 6-inch Kindle Fire HD6. This is a 6-inch tablet…

More...
PowerColor TurboDuo R9 285 reviewed

PowerColor TurboDuo R9 285 reviewed

Today we will take a look at the PowerColor TurboDuo Radeon R9 285. The card is based on AMD’s new…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Wednesday, 19 October 2011 11:22

Nokia headed towards a loss

Written by Nick Farell

nokia

Second in a row

Troubled phone outfit Nokia is set to report a second consecutive quarterly loss tomorrow, with smartphone shipments falling to the lowest since 2009.

Analysts think that Nokia's third-quarter net loss may have reached 241 million euros after a 368 million-euro loss in the second quarter. Nokia is hoping that its deal with Microsoft will pull it out of trouble next year.

The company's stock has slumped 46 percent in the eight months since Chief Executive Officer Stephen Elop decided to phase out the company’s 10-year-old Symbian operating system and switch to Microsoft software. Elop wants to release a new Windows Phone 7 at the Nokia World event in London next week.

Nokia, based in Espoo, Finland, has lost more than half its smartphone market share since 2007. Still other analysts think in the long term Nokia will do well, which makes its shares a bit of a bargain.


Last modified on Wednesday, 19 October 2011 11:33
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments