Nokia has partnered with OP Financial Group, a Finland-based financial services group, to use blockchain technology to establish more trust in managing health data. According to a Nokia blog, the purpose of the pilot project, which involves 100 people, is to provide individuals more control over their personal health data. “Nokia’s experimental blockchain platform used in the pilot puts the focus on privacy and giving users full control over their data” is said from the company. To achieve this, they say any data that the users decide to share are encrypted, and can only be read by the intended participant on the platform, in this case OP. The
Nokia says it will stop development of its Ozo virtual reality camera, leading to 310 job losses in Finland, the US, and the UK. The company says the change is due to the slower-than-expected development of the VR market, and that it will instead focus on patent licensing and digital healthcare. Nokia Technologies is laying off up to 310 people as part of the move. Nokia Networks is unaffected. The reductions will happen mainly in the U.S., U.K. and Finland, the company said, and account for about 35 percent of the 1,090 employees in Nokia Technologies, as the unit overseeing VR efforts (along with Health and licensing of
After almost a three-fold reduction in revenue thanks to the most disastrous CEO of all times, ex-Microsoft management disaster called Stephen Elop, Nokia is finding its new path as the largest network backbone provider. The company mantra of focusing on delivering and distributing content through its own channels (new consumer devices from Nokia coming this year), it looks like the time has come to disrupt another firm industry. At the launch of OZO virtual reality camera, Nokia stated that this is just a beginning for the company, and that they plan to significantly disrupt the conventional 2D spaces, especially in broadcast and film industry. Given the 3D modelling
According to the Korean publication ET News, Samsung plans to change the product introduction cadence for their Galaxy S flagship lineup. According to sources in the supply chain, ET News claims the announcement of Samsung Galaxy S7 will come in January 2016, probably during the CES trade show in Las Vegas. The product announcement should follow with a complete turnaround in the company’s smartphone sector, by splitting Samsung’s models into Premium and Sub Premium, followed by Mainstream and Entry Level. If that sounds like a bad idea, you’re not the only one. The idea behind Samsung’s plan is a simple one. They want to attract more customers and diversify their lineup, but is
When Nokia announced it was reorganizing the company and splitting it in four parts, and then planning to spin off two, it was only a question of time before we see the acquisition of the second spin-off. First one (mobile phone division) went to Microsoft, while the final announcement about the sale just arrived. Nokia just sold its Here business unit to a consortium of German carmakers; Audi, BMW, and Mercedes’ parent company Daimler. This makes the three car makers owners of what some call one of the most impressive solutions in the mobile navigation market overall. “High-precision digital maps are a crucial component of the mobility of
Without any doubt, Nokia is one of most versatile companies in the world. This company was founded in 1865, and the products the company made since its inception till today is almost deserves to name the company chameleon, not Nokia. After a lot of changes, the company is now consisted out of three business units (Nokia Networks, Nokia Here and Nokia Technologies), one of which is currently in the process of sale, probably to a joint German automotive maker effort (VAG AG represented by Audi, Daimler AG represented by Mercedes-Benz and BMW). Given that Nokia Technologies is tasked with the return to mobile space, we were caught off-guard
A massive write off is coming.
This doesn’t mean that we won’t be seeing new Nokia handsets.
Announcement comes after weeks of speculation and rumors.
Aimed at “connecting the next billion Internet users,” the Lumia 535 is Microsoft’s first branded smartphone, offering competitive pricing at the low-end.
A $29 Internet device with month-long standby time? Microsoft may yet be the king of entry-level mobile phones with the web- and Messenger-capable Nokia 215.
Microsoft’s affordable flagship Lumia 830 is a toned-down version of the 930, sold at a fraction of the price.
Nokia’s brand is getting a reboot with the announcement of the Nokia N1 Android tablet, which is the result of a partnership between Nokia and Foxconn.
In an age of where we get these fantastic and whimsical smartphone sizzle videos, HTC satirically breaks down for us what goes into making a sizzle video.
The Nokia Lumia 930 is the first smartphone to ship with Windows 8.1 pre-installed and is also the last Lumia in Nokia’s branded line.
After letting go of its mobile handset division in favor of focusing on its network equipment business, Finland’s Nokia has reported a strong Q3 2014 performance, exceeding expectations.
In an unfortunate turn of events, Broadcom has decided to completely shutter their entire baseband modem business less than a year after acquiring Rensas’ own mobile modem business which had been under threat of also shutting down after originally being acquired from Nokia. This announcement came as part of the company’s earnings release yesterday, where they reported a $1 million loss on $2 billion in revenue (essentially break-even) compared to the previous quarter where they had made $165 million. But even so, Broadcom has announced that with the shuttering of this division they will be laying off approximately 2,500 people which are currently part of this
As Microsoft’s Satya Nadella takes the reigns of the company, it appears as though he’s pushing for some serious blood letting from within the company that currently employs 125,000 people. This enormous 18,000 person layoff figure is mostly thanks to their acquisition of Nokia’s handset and mobile division, which brought on 25,000 people. Out of the 18,000 figure, nearly 12,500 will come from the former Nokia division that they had acquired, which is somewhat to be expected but also incredibly infuriating. Sure, there are going to be a decent amount of redundancies between Nokia and Microsoft, but this amounts to a 50% cut of all
Early last week, Broadcom announced that they would be looking to offload their cellular modem division or simply shutter operations. This announcement came as a surprise to many because the company had only recently acquired Rensas Mobile’s modem division (acquired from Nokia). This was done after Renesas Mobile was talking about shutting down the division entirely due to being unable to compete with the likes of Qualcomm and Infineon. Broadcom ‘saved’ Renesas Mobile’s modem division (mostly based in Finland) back in September of 2013, which completed in October of that same year with a final purchase price of $164 million. Now, Broadcom already had fairly significant wireless
Naturally, as Nokia slowly becomes absorbed into the Microsoft Devices borg, people who worked there for a long time are reconsidering whether or not they are willing to stay with Microsoft. And clearly, some people are not. So, it comes as little surprise that Nokia’s lead lumia camera guy, Ari Partinen, has left Nokia/Microsoft Devices for Apple and today is his last day. In a series of Tweets, he alluded that he would be moving to Cupertino, and then confirmed that people’s suspicions of his moving to Apple were indeed correct. What this means is that one of Nokia’s best camera guys is going directly