Microsoft kills off another chunk of its smartphone activities; lays off 1850 staff
Down, but not out: Microsoft is laying off another 1,850 staff from its smartphone hardware business, but says it isn't leaving the market completely.
Down, but not out: Microsoft is laying off another 1,850 staff from its smartphone hardware business, but says it isn't leaving the market completely.
Microsoft today continued to undo its disastrous 2014 acquisition of Nokia's phone business, announcing that it is exiting the feature phone market.
Most of the excitement at Mobile World Congress this month will be about 5G, which won't officially exist until 2020. But vendors will also be showing off new ways to speed up the 3G and 4G networks most people are using today.
A US$7.6 billion write-off, a high-profile departure in Nokia CEO Stephen Elop and a stagnant market share - hardly the foundations for smartphone success.
Telco showcases its portfolio of emergency network options for remote, zero-coverage areas.
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Nokia has reached an agreement to sell its Here mapping and location services business to an automotive industry consortium consisting of Audi, BMW Group and Daimler, in a deal that gives the business an enterprise value of €2.8 billion (US$3.1 billion).
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Nokia has developed a camera for enterprise users that can help turn everyday surroundings into virtual reality (VR) imagery for games and other applications.
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Audi, BMW and Daimler will jointly purchase Nokia's Here digital mapping service for roughly $2.7 billion, and they plan to invite other auto makers to take a stake in the company as well, according to reports published on Tuesday.
Microsoft reveals plans to cut 7,800 jobs from its division, as Redmond writes off US$7.6 billion from its ill-fated Nokia deal.
Microsoft could announce a write-off of a big part of its 2013 Nokia acquisition as early as Wednesday.
Former Nokia CEO Stephen Elop is leaving Microsoft, following a senior leadership shake-up in Redmond.
Nokia wants to help mobile network operators launch new services and cut their costs with a new range of servers, switches and storage they can use to virtualize their networks.