Finnish cell phone maker Nokia cut prices for many of its handsets in July, putting further pressure on its rivals' already thin profits. Nokia made the steepest price reductions of up to 10 percent for selected music and media phones, while it made smaller cuts across the portfolio.
The sharpest falls were in the average retail price of the 5310 and 5610 music phones and the multimedia N81 8GB.
The price cuts follow Nokia's launch of its Supernova phone range - aggressively priced products with integrated music players, challenging Sony Ericsson's Walkman portfolio.
Manufacturers are facing an increasingly intense battle for market share as demand for pricey phones has started to slow in the U.S. and Europe, where economies are under pressure from the global credit crunch.
The price cuts from Nokia, which controls 40 percent of the cell phone market, will put further pressure on its smaller rivals like Sony Ericsson, which has focused on music and camera phones. Sony Ericsson made practically no money in the April-June quarter, and said it would cut 2,000 jobs as it forecast the remainder of 2008 would also be tough.
Struggling Motorola has made losses since its flagship RAZR phone lost appeal among consumers.
Nokia increased its market share to 41 percent in the second quarter, helped by surging demand in emerging markets.
Kamis, 25 September 2008
Nokia Cuts Phone Prices, Pressuring Rivals
Finnish cell phone maker Nokia cut prices for many of its handsets in July, putting further pressure on its rivals' already thin profits. Nokia made the steepest price reductions of up to 10 percent for selected music and media phones, while it made smaller cuts across the portfolio.
The sharpest falls were in the average retail price of the 5310 and 5610 music phones and the multimedia N81 8GB.
The price cuts follow Nokia's launch of its Supernova phone range - aggressively priced products with integrated music players, challenging Sony Ericsson's Walkman portfolio.
Manufacturers are facing an increasingly intense battle for market share as demand for pricey phones has started to slow in the U.S. and Europe, where economies are under pressure from the global credit crunch.
The price cuts from Nokia, which controls 40 percent of the cell phone market, will put further pressure on its smaller rivals like Sony Ericsson, which has focused on music and camera phones. Sony Ericsson made practically no money in the April-June quarter, and said it would cut 2,000 jobs as it forecast the remainder of 2008 would also be tough.
Struggling Motorola has made losses since its flagship RAZR phone lost appeal among consumers.
Nokia increased its market share to 41 percent in the second quarter, helped by surging demand in emerging markets.
The sharpest falls were in the average retail price of the 5310 and 5610 music phones and the multimedia N81 8GB.
The price cuts follow Nokia's launch of its Supernova phone range - aggressively priced products with integrated music players, challenging Sony Ericsson's Walkman portfolio.
Manufacturers are facing an increasingly intense battle for market share as demand for pricey phones has started to slow in the U.S. and Europe, where economies are under pressure from the global credit crunch.
The price cuts from Nokia, which controls 40 percent of the cell phone market, will put further pressure on its smaller rivals like Sony Ericsson, which has focused on music and camera phones. Sony Ericsson made practically no money in the April-June quarter, and said it would cut 2,000 jobs as it forecast the remainder of 2008 would also be tough.
Struggling Motorola has made losses since its flagship RAZR phone lost appeal among consumers.
Nokia increased its market share to 41 percent in the second quarter, helped by surging demand in emerging markets.
Nokia, Qualcomm Settle Long-Running Dispute
Nokia, the world's largest handset maker, and Qualcomm, the world's largest maker of chips that run cell phones, agreed to settle a high-stakes licensing dispute and drop all legal complaints against each other in the U.S., Europe and Asia.
The 15-year licensing deal gives Nokia rights to a wide portfolio of Qualcomm's patents. Nokia will pay Qualcomm an upfront sum and ongoing royalties, but the companies did not elaborate on the terms.
Nokia, based in Finland, said it will withdraw its antitrust complaint filed against Qualcomm at the European Commission. Nokia filed the complaint in October 2005 with five other companies, which led to a flurry of lawsuits between Qualcomm and its rivals and several regulatory probes into Qualcomm's licensing practices.
The stakes were especially high for Qualcomm, which gets about two-thirds of its profits from licensing fees on its patents. Nearly all the rest of its profit comes from making chips.
"We believe that this agreement is positive for the industry, enabling the market to benefit from innovation and new technologies," said Olli-Pekka Kallasvuo, Nokia CEO.
"I'm very pleased that we have come to this important agreement." said Paul Jacobs, Qualcomm CEO. "This agreement paves the way for enhanced opportunities between the companies in a number of areas."
The deal, which ends all legal cases between the two firms, covers the world's most widely used mobile phone technologies and some key emerging ones. The companies did not reveal specific financial details.
The 15-year licensing deal gives Nokia rights to a wide portfolio of Qualcomm's patents. Nokia will pay Qualcomm an upfront sum and ongoing royalties, but the companies did not elaborate on the terms.
Nokia, based in Finland, said it will withdraw its antitrust complaint filed against Qualcomm at the European Commission. Nokia filed the complaint in October 2005 with five other companies, which led to a flurry of lawsuits between Qualcomm and its rivals and several regulatory probes into Qualcomm's licensing practices.
The stakes were especially high for Qualcomm, which gets about two-thirds of its profits from licensing fees on its patents. Nearly all the rest of its profit comes from making chips.
"We believe that this agreement is positive for the industry, enabling the market to benefit from innovation and new technologies," said Olli-Pekka Kallasvuo, Nokia CEO.
"I'm very pleased that we have come to this important agreement." said Paul Jacobs, Qualcomm CEO. "This agreement paves the way for enhanced opportunities between the companies in a number of areas."
The deal, which ends all legal cases between the two firms, covers the world's most widely used mobile phone technologies and some key emerging ones. The companies did not reveal specific financial details.
Nokia Says 9 More Firms Sign Up for Symbian Pact
Top cell phone maker Nokia announced today that nine more firms, including telecom operators "3" and TIM, have agreed to support its new open mobile software alliance Symbian Foundation.
Nokia said on June 24 it would buy out other shareholders of the UK-based smartphone software maker Symbian for $410 million and make its software royalty-free to other phone makers, in response to new rivals such as Google.
Nokia said the foundation has now 30 members after also mobile operators 3, America Movil and TIM, chip firm Marvell, and services and software providers Aplix, Elektrobit, EMCC Software, Sasken and TietoEnator joined.
The initial board members are AT&T, LG Electronics, Motorola, Nokia, NTT DoCoMo, Samsung Electronics, Sony Ericsson, STMicroelectronics, Texas Instruments and Vodafone.
Nokia said on June 24 it would buy out other shareholders of the UK-based smartphone software maker Symbian for $410 million and make its software royalty-free to other phone makers, in response to new rivals such as Google.
Nokia said the foundation has now 30 members after also mobile operators 3, America Movil and TIM, chip firm Marvell, and services and software providers Aplix, Elektrobit, EMCC Software, Sasken and TietoEnator joined.
The initial board members are AT&T, LG Electronics, Motorola, Nokia, NTT DoCoMo, Samsung Electronics, Sony Ericsson, STMicroelectronics, Texas Instruments and Vodafone.
Nokia Signs Warner to Music Deal
Finnish mobile phone giant Nokia said today that Warner Music Group has agreed to join its soon-to-be launched music service, giving its device users access to music published by Warner.
"Warner Music Group has been a pioneer in developing new digital music business models and we are pleased to have them" on board, the head of Nokia's entertainment unit Tero Ojanperae said in a statement.
The Nokia Comes With Music service, expected to be launched during the second half of 2008, will let Nokia users to download unlimited music from various artists onto their mobile devices during the first year of ownership.
After a year, customers can keep the downloaded music, Nokia said.
The Warner Music Group is the third major label to cooperate with the new Nokia program after Universal Music Group International and Sony BMG. Nokia said it is in discussions with many other international labels.
Record labels are looking to Nokia and others to challenge the dominance of Apple's iTunes as they have struggled to negotiate with the U.S. group on a level footing on issues such as pricing.
"Warner Music Group has been a pioneer in developing new digital music business models and we are pleased to have them" on board, the head of Nokia's entertainment unit Tero Ojanperae said in a statement.
The Nokia Comes With Music service, expected to be launched during the second half of 2008, will let Nokia users to download unlimited music from various artists onto their mobile devices during the first year of ownership.
After a year, customers can keep the downloaded music, Nokia said.
The Warner Music Group is the third major label to cooperate with the new Nokia program after Universal Music Group International and Sony BMG. Nokia said it is in discussions with many other international labels.
Record labels are looking to Nokia and others to challenge the dominance of Apple's iTunes as they have struggled to negotiate with the U.S. group on a level footing on issues such as pricing.
Nokia 7210 Supernova 2.0MP Entry-Level Handheld Displayed
Nokia today displayed its 7210 Supernova, a simple slim handheld in a choice of Bubble Gum Pink and Vivid Blue gloss finish.With the 7210 Supernova, users can listen to music sideloaded from a PC or purchased from the Nokia Music Store. They can manage songs with the Nokia Music PC client. Music and videos can be played and saved with a microSD memory card slot. The 7210 Supernova offers an integrated 2.0-megapixel camera and access to Flickr for one-click photo sharing.
"As we rely more heavily on mobile phones to stay connected, they increasingly know everything about us and have become a window into our worlds," said Jo Harlow, Vice President of Nokia. "With the Supernova range, we set out to give people the ability to set themselves apart in the same way that they would with a traditional statement accessory."
The Nokia 7210 Supernova is available in the third quarter of 2008 with an estimated retail price of $190 (120 EUR) before taxes and subsidies.
Nokia 7310 Supernova Slim Handheld with 3D Textured Designs
Nokia today introduced its 7310 Supernova, a slim and sleek handheld with Xpress-On covers etched with 3D textured designs available in Steel Blue plus a second cover in Wasabi Green or Candy Pink. A further five cover options will be available in Mushroom Silver, Plum Jam, Electric Blue, Yellow Mellow and Espresso Brown colors.Additional features include a 2.0-megapixel camera with 4x digital zoom and TV out for image sharing, instant messaging and playing the preinstalled games on TV. An FM RDS radio and an MP3 music player offer music on the road.
"As we rely more heavily on mobile phones to stay connected, they increasingly know everything about us and have become a window into our worlds," said Jo Harlow, Vice President of Nokia. "With the Supernova range, we set out to give people the ability to set themselves apart in the same way that they would with a traditional statement accessory."
The Nokia 7310 Supernova is available in the second quarter of 2008 with an estimated retail price of $240 (155 EUR) before taxes and subsidies.
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