Skip to main content

Microsoft To Acquire Nokia Phones Unit

Microsoft has agreed a deal to buy Nokia's mobile-phone business for 5.4bn euro ($7.2bn; £4.6bn). Nokia will also license its patents and mapping services to Microsoft. The companies said in a joint news release that the deal will be finalised in early 2014, when about 32,000 Nokia employees will transfer to Microsoft. Nokia, once a global leader in the mobile phone market, has struggled in recent times amid increased competition from rivals such as Samsung and Apple. The transaction is subject to approval by Nokia shareholders and regulators. "It's a bold step into the future - a win-win for employees, shareholders and consumers of both companies," said Steve Ballmer, chief executive officer of Microsoft.'Number one priority' 

Microsoft, one of the biggest names in technology sector, has struggled as consumers have shunned traditional PC and laptops in favour of smartphones and tablet PCs. Critics say the firm has been too slow to response to the booming market for mobile devices. It launched its Surface tablet PCs last year but sales of the devices have been relatively slow. Analysts said that the company wanted to make sure that it got its strategy right in the mobile phone market.
"Mobile is an area of tremendous potential but it has been one of weakness for Microsoft," Manoj Menon, managing director of consulting firm Frost & Sullivan told the BBC.
"Clearly the number one priority for the company is to get its mobile strategy right. From a strategy point of view, this deal is the prefect step, The only question is how well they can execute this plan."

Popular posts from this blog

LG’s first flexible OLED phone due before the year is out

LG plans to launch a flexible OLED smartphone before the end of the year, the company’s VP of mobile has confirmed, though it’s unclear to what extent the work-in-progress handset will actually flex. The OLED panel in question is the handiwork of LG Display according to VP of LG mobile Yoon Bu-hyun, the WSJ  reports, with the proposed device set to launch sometime in Q4. LG Display’s work on flexible OLEDs has been underway for some time, though the company’s efforts have perhaps been overshadowed somewhat by rival Samsung’s YOUM development. Last year, according to a Korea Times report, LG Display was preparing for

Bing Apps for Windows 8 get major updates

Late least year, Microsoft rolled out a half dozen Bing Apps for Windows 8 users, each one focused on a specific category, such as travel and sports. The apps were designed to offer “immersive vertical experiences,” and now, about six months later, a big line of updates for them is being pushed out. Users can grab the updates now by heading into the Windows Store and selecting the updates notification.

How to fix black spot on Phone Screen!

An honest talk about how to fix the damaged Phone screens in a very short time.