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What’s happening With Nokia: Announces To Cut 10,000 Jobs And Sell Vertu Luxury Mobile Phone Division

Since the launch of Apple's iPhone in 2007, Nokia’s market share has continuously been declining---it has lost over 70 billion euro ($88.45 billion). Nokia's total mobile handset shipments declined by 22.7 % in Q1 of fiscal 2012 compare to the same quarter a year back, and it has also lost its tribunal to Samsung. Now, Samsung is the world...

Is Nokia’s Decision to Shift Smartphone Manufacturing To Asia Rationale

Last year, the world giant Telecom Equipment Manufacturer—Nokia Siemens—had declared on its website that the company is going to cut 17,000 jobs in order to reduce the cost of $1.3 billion by the end of 2013. After long struggle, the Finnish Phone maker—Nokia—once again said on Wednesday that the company is planning to cut 4,000 more jobs at its...

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