Apple has overtaken Nokia as the world’s most profitable handset vendor according to Strategy Analytics. TelephonyOnline reports that Nokia can still claim the largest global market share but Apple has overtaken in profits due to Nokia’s stagnant presence in the U.S. and the economic downturn. Strategoy Analytics estimates that Apple’s iPhone operating profit came in at $1.6 billion in Q3, while Nokia recorded only $1.1 billion in operating profit.
“With strong volumes, high wholesale prices and tight cost controls, the PC vendor has successfully broken into the mobile phone market in just two years,” said analyst Alex Spektor in the research note. It is not all bad news for Nokia.
Even with falling profits, it managed to capture 37.9% market share and ship 16.4 million handsets in the third quarter. Strategy Analytics said that focusing on the U.S., Apple’s high-profit home turf, will be the key to recovering in 2010, but that won’t be an easy fight. Nokia’s profit margin for its handset division has been shrinking during the entire 2009 global economic downturn, and the handset-maker is also facing increased pressure from Google Android devices and other new high-end smartphones planned for the rest of the year and into 2010.
Source:http://www.iphoneuserguide.com/apple/2009/11/12/iphone3g/apple-overtakes-nokia-as-most-profitable-handset-maker/
Showing posts with label Nokia. Show all posts
Showing posts with label Nokia. Show all posts
Thursday, November 12, 2009
Tuesday, September 15, 2009
Nokia Acquires Plum Assets
Espoo, Finland-headquartered Nokia Inc has announced the acquisition of certain assets of Plum Ventures, Inc. These assets will help complement Nokia’s Social Location services.
Plum Ventures Inc is a privately-held company headquartered in San Francisco, with another office in Boston, Massachusetts. The company has funding from Vulcan Capital and Levensohn Venture Partners, whose representatives are on its board of directors. The company is in the business of developing cloud-based social media sharing and messaging service for private groups. The company’s products enable websites to install community-oriented pages where visitors can stay connected with each other by sharing and discussing content from the site, the greater web or their on computers, without leaving the site. In the long run helps visitors to turn into engaged, active users.
Plum’s platform has features such as Group builder, which adds the social hub to the site that can be customized; a topical directory that can be created by the site owner and the visitors, a widgets library that allows group activity to be displayed throughout the site, and also integrates user accounts into one single sign-in. Some of these features will be made us of by Nokia in its own services.
Plum Ventures was cofounded by Hans Peter Brondmo and Margaret Olson. The company is presently manned by about 10 employees.
Source:http://pcs.co.uk/2009/09/nokia-acquires-plum-assets/
Plum Ventures Inc is a privately-held company headquartered in San Francisco, with another office in Boston, Massachusetts. The company has funding from Vulcan Capital and Levensohn Venture Partners, whose representatives are on its board of directors. The company is in the business of developing cloud-based social media sharing and messaging service for private groups. The company’s products enable websites to install community-oriented pages where visitors can stay connected with each other by sharing and discussing content from the site, the greater web or their on computers, without leaving the site. In the long run helps visitors to turn into engaged, active users.Plum’s platform has features such as Group builder, which adds the social hub to the site that can be customized; a topical directory that can be created by the site owner and the visitors, a widgets library that allows group activity to be displayed throughout the site, and also integrates user accounts into one single sign-in. Some of these features will be made us of by Nokia in its own services.
Plum Ventures was cofounded by Hans Peter Brondmo and Margaret Olson. The company is presently manned by about 10 employees.
Source:http://pcs.co.uk/2009/09/nokia-acquires-plum-assets/
Subscribe to:
Posts (Atom)