Nokia to launch Nokia Fire Windows 7 Phone In early 2012 By Sardar Mohkim Khan, 21 April 2011, again a CommentThere has been much debate about the Nokia and Microsoft partnership, especially when Nokia will start the production of Windows 7 Phone devices.
By Diana ben-Aaron (Updates with analyst comment in quarter paragraph.) April 21 (Bloomberg) - Nokia Oyj reported a smaller-than-expected decline in profit and will forward slash € 1000000000 ($ 1.5 billion) in spending on handset business as it seeks to regain lost earth through a partnership with Microsoft Corp.
While the exact dates are yet to be announced, revealed Mobile Review that we can expect at least 4 units in the area early 2012.Another Nokia and Microsoft have a challenge is the naming convention of the new phones.
Net income fell 1.4 percent to € 344 000 000, said Espoo, Finland-based company today.
It will be difficult for both to modify their existing conventions to please others, but the big Nokia Windows phone devices will be able to carry a W prefix.
Profit beat the 177 million euro average of 19 analyst estimates compiled by Bloomberg.
This will be a link factor for Nokia phones running the Windows operating system.
Sales climbed 9.2 percent to 10.4 billion euros, also topping forecasts.
As per the details made available, Nokia will release the first handset in the beginning of 2012, which will be a modified version of Nokia X7.
Nokia, like mobile phones based on Symbian software has struggled to keep pace with Apple Inc.'s iPhone and Google Inc.'s Android system, said today signed a definitive agreement with Microsoft use by the U.S.
It will have an 8MP camera, a Qualcomm chipset QSD8250 and a WVGA screen.
company's Windows 7 Phone.
It will, as N8 has a 12MP camera, and also has a dual-core Qualcomm processor
CEO Stephen Elop, the 47 year old former Microsoft executive, forecast operating margins in the handset business will fall further in the quarter.
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But their smartphone sales are not sustainable in its present form because of the transition.
From the specifications of the sets are mentioned, it seems that Microsoft and Nokia are both in harmony to continue to focus on camera phones
Nokia, which fell as much as 4.3 percent after the earnings announcement, rebounded and traded at 6.11 euros, or 3.1 percent higher, at 2:23 p.m.
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in Helsinki.
One interesting thing to bill here is how Nokia is being made to adopt Qualcomm processor to power its devices, the credit goes largely to Microsoft
The world's largest manufacturer of mobile phones has seen its market shrink 46 percent in the last year to 22.8 billion euros.
.
The stock has fallen 25 percent since the Feb.
There are two, one that will be a touchscreen QWERTY phone and another low-priced model that aims to cater to the lower level of the market for smart phones
11 agreement with Microsoft.
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Cost of 1 billion euro target in reduced costs of devices and services are for 2013, compared with expenditure of € 5,650,000,000 in 2010, Nokia today.
While the 4 is just the beginning, Nokia will provide at least a dozen Windows 7 Phone Devices
The company predicted an adjusted operating margin in the handset business of 6 percent to 9 percent this quarter, on sales of € 6,100,000,000 to 6.6 billion euros.
.
The year before the margin was 9.5 percent at € 6,800,000,000 in revenue.
It's much more to come from this Nokia / Microsoft handshake certainly
The second fourth sales guidance is frightening, said Tero Kuittinen, an analyst with Greenwich, Connecticut-based MKM Partners.
.
Nokia's long-term debt rating was cut by Standard&Poor's and Moody's Investors Service in the last month, with both agencies, citing the company's weakened position against smartphone competitors.
Let's wait and see how 2012 shapes for both giants and how they can benefit from each others' position
Market Share Slides company's smartphone market share was 30.8 percent in the fourth quarter, 20 percentage points lower than when the Apple iPhone was introduced in 2007, according to Gartner Inc.
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estimates based on sales to consumers.
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Researchers forecast that Symbian will fall to a 19.2 percent market share this year, while Android, which is used by dozens of handset suppliers Samsung Electronics Co.
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to Chinese producers, will cord with 38.5 percent, it said 7 April.
E7 Nokia smartphone, a model that is running an upgraded version of the Symbian and a pop-out keyboard, was announced days before Microsoft shifts.
Other models include the new Symbian N8, C6 and C7, which is sold by T-Mobile USA to amaze.
The Cupertino, Calif.-based sold 18,700,000 iPhones during the quarter.
R&D Spending From this month, split Elop Nokia's handset business into a smart phone division and a low-end handsets division, each with separate financial reporting and accountability.
The CEO also plans to reduce the use of external contractors and eliminate positions in research and development organization, which used the 3 billion euros and employed 16,134 people in 2010.
The low-end phone business accounted for about half of Nokia's revenue and 78 percent of units sold last year.
It has developed more smartphone-like features, including email, social networks and maps of so-called feature phones that cost less than 150 euros.
Nokia said in March it plans to open a new factory in Vietnam to expand its production of low-end phones.
Nokia Siemens Networks, its joint venture with Siemens AG, has struggled to remain profitable as the market takes up Ericsson AB and Huawei Technologies Co.
to contracts with the world's richest carriers.
Nokia Siemens Networks said today received unconditional approval from China's Ministry of Commerce for its acquisition of assets from Motorola Solutions Inc., removes the last major hurdle to a transaction that can now be completed this month .-- Editors: Kenneth Wong, Rob Valpuesta.
To contact the reporter on this story: Diana ben-Aaron in Helsinki at dbenaaron1@bloomberg.netTo contact the editor responsible for this story: Kenneth Wong in Berlin at kwong11 @ Bloomberg.
net.
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