Tuesday, 22 August 2017

Nokia preps 'hero' Lumia handset to reinvigorate US shipments

By Nick Wood, Total Telecom
Thursday 18 April 13

Cost cutting helps struggling Finnish handset maker narrow Q1 loss, but revenue, smartphone volumes slump.

Nokia on Thursday turned in another dismal set of first quarter results, as growing Lumia smartphone shipments were more than offset by the challenges faced at its low-cost handsets division. "Our mobile phones business had a very tough quarter," admitted CEO Stephen Elop, during the company's quarterly investor call, which he attributed to intensifying competition from low…

Nokia on Thursday turned in another dismal set of first quarter results, as growing Lumia smartphone shipments were more than offset by the challenges faced at its low-cost handsets division. "Our mobile phones business had a very tough quarter," admitted CEO Stephen Elop, during the company's quarterly investor call, which he attributed to intensifying competition from low…

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