Recent News - Industry

Nokia Q1 2014 results show dichotomy of old Nokia

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Nokia has released its Q1 2014 results, reporting an operating profit of €242 million for its continuing operations (up from a loss of €30 million a year ago), with net sales of €2.644 billion (down 15% year-on-year). However, the scale of the task ahead for Microsoft is shown in the operating loss of €326 million for Nokia's discontinued operations (i.e. the Devices & Services division), down from a loss of €120 million a year ago, on sales of €1.929 billion.

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Microsoft completes acquisition of Nokia Devices and Services division

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Microsoft today announced that it has completed its acquisition of Nokia Devices and Services division, following approval by shareholders and governmental regulators and almost eight months on from the initial announcement. Microsoft is now a major mobile hardware manufacturer and will now begin the complex process of integration. Nokia continues to exist, primarily as a network infrastructure (NSN) business, coupled with the strategically important maps (HERE) and research and intellectual property (Advanced Technologies) businesses.

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Microsoft's Nokia Devices & Services acquisition now expected to close in April 2014

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Microsoft's €5.4 billion acquisition of Nokia's Devices & Services division, first announced back in September of last year and originally expected to close in the first quarter of this year, is now expected to be completed next month. While Microsoft has received regulatory approval "in 15 markets on five continents", it is still awaiting "approval confirmation in the final markets".

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Microsoft announces 9 new hardware partners for Windows Phone

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Microsoft has announced that it is now working with nine new Windows Phone 8 hardware partners as it seeks to "scale the platform" to higher volumes. The new partners include industry heavyweights LG, ZTE, Lenovo, and Foxconn, plus a number of smaller OEMs in the form of Gionee, JSR, Karbonn, Lava (Xolo), and Longcheer.

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Microsoft appoints Satya Nadella as CEO

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Microsoft today announced that it has named Satya Nadella as CEO and member of the Board of Directors with immediate effectNadella, an internal appointee who replaces Steve Ballmer, previously held the position of Executive Vice President of Microsoft’s Cloud and Enterprise group. 

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Nokia Q4 2013 results - the end of an era

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Nokia has released its Q4 2013 results, reporting an operating profit of €76 million (down from €439 million a year ago), with net sales of €6.109 billion (down 23% year-on-year). This is the last full set of results before the expected completion of sale of the Devices & Services division to Microsoft this quarter. 

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Nokia Q3 2013 results - a tale of two Nokias

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Nokia has released its Q3 2013 results, reporting an operating profit of €118 million (up from a loss of €564 million in Q3 2012), with net sales of €5.6662 billion (down 22% year-on-year). Nokia's Devices and Services division's operating loss was €86 million. The margin in Devices and Services was -3% (up from from -18.9% in Q3 2012). Total smartphone device sales were 8.8 million (all Lumia), up from 7.4 million in Q2, while mobile phone volumes were 55.8 million, up from 53.7 million in Q2, but down 27% year-on-year.

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Nokia publishes more details on proposed Microsoft transaction

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Nokia yesterday published additional material about its proposed transaction with Microsoft that will see the sale of its Devices & Services business and a major patent licensing agreement. The information is intended to give shareholders more information ahead of the proposed 19th November EGM (Extraordinary General Meeting) at which shareholders will be asked to follow the board's recommendation and vote to approve the proposed transaction with Microsoft.

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Microsoft to acquire Nokia's Devices & Services business and license patents

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Microsoft and Nokia today announced that they had signed an agreement whereby Nokia will sell its Devices & Services business and license its patents to Microsoft for €5.4 billion. The transaction is expected to close in Q1 2014, subject to shareholder and regulatory approval.

The move will be seen as a key part of Microsoft's future devices and service strategy and was, perhaps, inevitable given its reliance on Nokia for Windows Phone devices, especially after rumours about such a transaction were floated earlier this summer. It will shake up both the Windows Phone ecosystem and the mobile industry more generally, drawing clear lines between major technology players, but also leaving questions about the business sustainability of smaller players.

The transaction will close the mobile phone chapter in Nokia's 150 year old history and reshapes a company that remains one of Europe's leading technology brands.

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Kantar data shows Windows Phone at 8.3% of EU5 smartphone sales

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Kantar Worldpanel data, released today, shows that, in the three months to the end of July 2013, Windows Phone devices made up 8.3% of smartphone sales unit volumes in the EU5 (Germany, UK, France, Italy, and Spain), the highest ever level for the platform. Windows Phone also reached a record share of smartphone sales in Mexico (12%), taking second place behind Android, but ahead of BlackBerry and iOS, the first time this has happened in a market of significant size.

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