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.
Now AAPL Stock: 140.64 ( -0.28 )
Cirrus creates Lightning-headphone dev kit
Apple supplier Cirrus Logic has introduced a MFi-compliant new development kit for companies interested in using Cirrus' chips to create Lightning-based headphones, which -- regardless of whether rumors about Apple dropping the analog headphone jack in its iPhone this fall -- can offer advantages to music-loving iOS device users. The kit mentions some of the advantages of an all-digital headset or headphone connector, including higher-bitrate support, a more customizable experience, and support for power and data transfer into headphone hardware. Several companies already make Lightning headphones, and Apple has supported the concept since June 2014. http://bit.ly/29giiZj
Apple Store app offers Procreate Pocket
The Apple Store app for iPhone, which periodically rewards users with free app gifts, is now offering the iPhone "Pocket" version of drawing app Procreate for those who have the free Apple Store app until July 28. Users who have redeemed the offer by navigating to the "Stores" tab of the app and swiping past the "iPhone Upgrade Program" banner to the "Procreate" banner have noted that only the limited Pocket (iPhone) version of the app is available free, even if the Apple Store app is installed and the offer redeemed on an iPad. The Pocket version currently sells for $3 on the iOS App Store. [32.4MB]
Porsche adds CarPlay to 2017 Panamera
Porsche has added a fifth model of vehicle to its CarPlay-supported lineup, announcing that the 2017 Panamera -- which will arrive in the US in January -- will include Apple's infotainment technology, and be seen on a giant 12.3-inch touchscreen as part of an all-new Porsche Communication Management system. The luxury sedan starts at $99,900 for the 4S model, and scales up to the Panamera Turbo, which sells for $146,900. Other vehicles that currently support CarPlay include the 2016 911 and the 2017 models of Macan, 718 Boxster, and 718 Cayman. The company did not mention support for Google's corresponding Android Auto in its announcement. http://bit.ly/295ZQ94
Apple employees testing wheelchair features
New features included in the forthcoming watchOS 3 are being tested by Apple retail store employees, including a new activity-tracking feature that has been designed with wheelchair users in mind. The move is slightly unusual in that, while retail employees have previously been used to test pre-release versions of OS X and iOS, this marks the first time they've been included in the otherwise developer-only watchOS betas. The company is said to have gone to great lengths to modify the activity tracker for wheelchair users, including changing the "time to stand" notification to "time to roll" and including two wheelchair-centric workout apps. http://bit.ly/2955JDa
SanDisk reveals two 256GB microSDXC cards
SanDisk has introduced two 256GB microSDXC cards. Arriving in August for $150, the Ultra microSDXC UHS-I Premium Edition card offers transfer speeds of up to 95MB/s for reading data. The Extreme microSDXC UHS-I card can read at a fast 100MB/s and write at up to 90MB/s, and will be shipping sometime in the fourth quarter for $200. http://bit.ly/294Q1If
Apple's third-quarter results due July 26
Apple has advised it will be issuing its third-quarter results on July 26, with a conference call to answer investor and analyst queries about the earnings set to take place later that day. The stream of the call will go live at 2pm PT (5pm ET) via Apple's investor site, with the results themselves expected to be released roughly 30 minutes before the call commences. Apple's guidance for the quarter put revenue at between $41 billion and $43 billion. http://apple.co/1oi1Pbm
Twitter stickers slowly roll out to users
Twitter has introduced "stickers," allowing users to add extra graphical elements to their photos before uploading them to the micro-blogging service. A library of hundreds of accessories, props, and emoji will be available to use as stickers, which can be resized, rotated, and placed anywhere on the photograph. Images with stickers will also become searchable with viewers able to select a sticker to see how others use the same graphic in their own posts. Twitter advises stickers will be rolling out to users over the next few weeks, and will work on both the mobile apps and through the browser. http://bit.ly/29bbwUE