Nokia Turns To Profit And Cuts 1,800 Jobs

Posted: Oct 21 2010, 6:47am CDT | by , Updated: Oct 22 2010, 5:42pm CDT, in News | Mobile Phones

 
Nokia turns to Profit and Cuts 1,800 Jobs
/* Story Top Left 2010 300x250, created 7/15/10 */ google_ad_slot = "8340327155";

Don't Miss: This How to find Fingerlings in Stock

Nokia announced their Q3 2010 earnings and the company is back in black. Nokia turned a profit of EUR 529 million compared to a loss of EUR 559 million a year ago. Nokia net sales of EUR 10.3 billion are up 5% year-on-year.

Nokia achieves these numbers without having a smartphone on the market that competes with the iPhone and the Android phones. This is pretty impressive and shows just how big the market for "normal phones" still is. Additionally Nokia is not just about phones. They are also an equipment maker and services company.

Nokia also announced plans today to cut up to 1,800 employees globally. The plans include simplifying operations in product creation in Nokia's Symbian Smartphones organization, as well as Nokia's Services organization and certain corporate functions.

On Symbian Smartphones, Nokia plans to renew product creation to increase responsiveness to consumer demands and reduce time to market. This includes expanding the use of common tools for application development, streamlining software development, simplifying and consolidating operations and placing greater focus on adding value to consumers. The changes target increased competitiveness and support building an attractive and sustainable platform for application developers.

We already reported earlier today that Nokia now pushes Qt as the single development tool for Symbian and Meego.

Holiday Gift Guides and Deals

Get your Holiday gifting inspired by Best Toy Gifts with High STEM Value and the Top 10 toy gifts under $10 if you are on budget. The most popular Holiday 2017 toy list include Fingerlings, Crate Creatures and more. Don't miss the new Holiday deals on Amazon Devices, including $29.99 Fire tablet.

This story may contain affiliate links.

This free App Solves You Holiday Shopping Problem


Download the free Tracker app now to get in-stock alerts on Fingerling, Luvabella, SNES Classic and more.

Latest News

Comments

The Author

<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
Luigi Lugmayr () is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com.

 

 

Advertisement

comments powered by Disqus