Tag - Nokia
Following the recent sale of the Nokia name and feature phone business to manufacturing partner Foxconn, Microsoft CEO Satya Nadella has announced the layoffs of 1,850 employees -- mostly former Nokia workers in Finland -- and the "streamlining" of the company's smartphone business, which will involve "focusing our efforts where we have differentiation -- with enterprises that value security, manageability, and our Continuum capability," according to a release.
Nokia is attempting to get back into producing consumer-grade devices and jumpstarting its wearables product catalog, by acquiring health company Withings. The French wearable device and fitness tracker producer is being bought by the former smartphone producer for €170 million ($191 million), subject to regulatory approval, with the cash deal expected to close early in the third quarter of this year.
Nokia is selling its mapping business to a collection of German car manufacturers. The Here mapping arm is being picked up by Audi, BMW, and Daimler for €2.8 billion ($3.1 billion,) with the technology likely to be used in in-car navigation systems and to help self-driving research being performed by each of the manufacturers. Despite the sale, the Here team advises that the mobile app version will still be available, as it is likely to help car-based mapping systems and other markets.
Nokia has unveiled its first camera aimed at professional creators of 360-degree video content, for the production of footage viewable using virtual reality headsets and other imaging systems. The Ozo virtual reality camera is a spherical device that has a collection of eight imaging sensors and an equal number of microphones capable of recording stereoscopic video and audio that can be seen and heard at all angles.
Microsoft endured an operating loss of $2.1 billion for the most recent quarter, the software giant has revealed in its last financial results before the launch of Windows 10. The heavy loss, which works out to be a loss per share of $0.40, is largely accounted for by the $7.5 billion impairment charge relating to its acquisition of Nokia, and a restructuring charges of $780 million and $160 million, though the rest of the financials appears to be more positive for the company.
Uber has apparently placed a bid to acquire the Here mapping arm of Nokia, according to a report. The New York Times claims the company has placed a bid in the region of $3 billion for the mapping technology, though it still has competition from other sources, including a collection of German car manufacturers working with Baidu, as well as another offer from an unnamed private equity firm.
Tesla's Powerwall home battery has received an "overwhelming" response from consumers, the car company has revealed. Tthe company has received over 38,000 reservations for the home version, exhausting Tesla's production of the battery until mid-2016. The enterprise-focused PowerPack has gained 2,500 reservations, with the average order requesting ten of the high-capacity power storage systems, The Verge reports.
Nokia has refuted suggestions it will be returning to the smartphone market. A brief statement on the company's website denies that it has plans to "manufacture or sell consumer handsets," something that recent reports claim the telecommunications company will be doing in the future, after a two-year period away from the industry as part of the terms of its Devices and Services arm sale to Microsoft last year.
Apple and a number of other companies -- including Facebook, Amazon, Sirius XM, and China-based services Alibaba and Baidu are among many other firms being targeted by Nokia as it prepares to sell off its Here mapping service and technology. While Apple has periodically purchased map technology that can be integrated with its Apple Maps service in the hopes of eventual public transit data, Nokia may be overvaluing the deal.
Nokia may re-enter the mobile phone industry next year by creating new smartphones, a report claims. While the company has previously put its name to an Android tablet called the Nokia N1 allowing it to remain visible in the mobile device industry, the manufacturer is said to be bringing in staff to work on new phones, which could head to market as early as next year.