Entries in 'nokia' (52)
After acquiring Nokia’s phone business for $7.2 billion two years ago, Microsoft is continuing its job cuts in that division, with a further 1,850 employees being let go.
Microsoft was hit by $8.4 billion in charges during its financial quarter ending June 30th 2015, making its biggest net loss of $3.2 billion during the quarter.
Microsoft’s CEO, Satya Nadella, has restructured the company into three main groups, which will see the departure of former Nokia CEO Stephen Elop.
Nokia has unveiled a new tablet developed in partnership with Foxconn, making it a direct competitor to Microsoft, which bought Nokia's former mobile devices business earlier this year.
Nokia has revealed that it plans to start licensing its brand, allowing third-party manufacturers to create products using its name.