Nokia 5110, 1998

Nokia: The giant with its fingers crossed

Finnish firm Nokia still sells more phones than anyone – but after being outwitted by Apple and co, the firm's future rests on the success of a new model.

Business Diary: From MySpace to NewSpace

The man who spent nine months trying to revive MySpace has admitted what many may have told him at the start: he shouldn't have bothered. In a long mea culpa, the site's ex-chief executive Michael Jones tells CNNMoney the brand was already trashed in the eyes of consumers. "We could not escape their images of animated GIFs," he says. "In the digital world, new brands are easier to create than fixing historically large brands." Which is handy – since he has just reinvented himself as an adviser to new internet brands.

David Prosser: Nokia's boss certainly talks the talk, but will we ever see some walk?

Outlook Nokia's boss, Stephen Elop, has an irritating addiction to corporate jargon: the man who famously began his tenure at the company with a memo to all staff warning them about the "burning platform" on which they were standing has continued in that vein ever since. Yesterday, he was talking about the need to "align our workforce and operations with our path forward" – make jobs cuts, in other words.

Another 3,500 jobs go as Nokia seeks €1bn cuts

Nokia's latest attempt to douse the flames threatening to engulf it will see a further 3,500 jobs axed this year, with the threat of more in 2012. It has also closed one factory and put a further three under review.

The Business On... John Conoley, Chief executive, Psion

Goodness, is that still going?

RIM set to axe 2,000 jobs and review management

The beleaguered smartphone giant Research in Motion is to slash its workforce by over 10 per cent as it kicks off a company-wide cost-cutting drive.

Nokia falls to a loss as Apple claims lead in smartphones

Nokia slipped into the red over the second quarter as it lost ground to Apple, the Californian group which became the world's biggest smartphone producer by volume in the three months to June.

David Prosser: Another distracting sideshow at Nokia

Outlook It just might be worth investing in a Nokia N9, the new smartphone launched yesterday by the Finnish mobile phone company – but not because it is a credible rival to Apple's iPhone, which is what its engineers had originally hoped. No, the allure of the N9 is its rarity value – it is both the first phone launched with Nokia's new operating system, MeeGo, and the last, since new boss Stephen Elop has cancelled the roll-out of this technology in favour of an alliance with Microsoft.

Nokia launches N9 smartphone

Nokia yesterday mounted its latest assault on the smartphone market with the launch of the N9 handset.

Apple settles in Nokia patent row

Beleaguered mobile phone group Nokia had cause for celebration yesterday after it triumphed in a patent dispute with Apple.

David Prosser: Apple deal underlines Nokia's problems

Outlook Neither side is saying how much money will change hands, but the fact Apple has agreed to pay Nokia royalties on sales of its products in the future is a rare bit of good news for the Finnish company. The deal settles the bitter patent dispute between the two companies in Nokia's favour and some analysts think it could be worth upwards of £100m a year.

Nokia CTO takes leave of absence

The beleaguered mobile phone group Nokia has been hit by more bad news after its chief technology officer, Rich Green, went on a leave of absence believed to have been triggered by a dispute over strategy.

Market Report: GSK slides on fears over prospects for lung drug

With the blue-chip index enduring its second major sell-off in a row, GlaxoSmithKline was left deep in the red as questions were raised over the chances of its major new lung drug gaining approval.

Nokia scorched as sales slump in second quarter

The flames are licking higher around Nokia after the struggling mobile phone giant was forced to warn on profits yesterday, blaming falling phone sales and lower prices.

Nokia struggles to beat off the competition

Mobile phone giant Nokia was under further pressure today as it revealed it was struggling to beat off competition from rivals like iPhone producer Apple.

Latest stories from i100
Career Services

Day In a Page

A
Independent Travel
Pompeii, Capri & the Bay of Naples
Seven Cities of Italy
Burgundy, the River Rhone & Provence
Prague, Budapest and Vienna
Lake Garda
Minoan Crete and Santorini
Prices correct as of 15 May 2015
Fifa corruption: The 161-page dossier that exposes the organisation's dark heart

The 161-page dossier that exposes Fifa's dark heart

How did a group of corrupt officials turn football’s governing body into what was, in essence, a criminal enterprise? Chris Green and David Connett reveal all
Mediterranean migrant crisis: 'If Europe thinks bombing boats will stop smuggling, it will not. We will defend ourselves,' says Tripoli PM

Exclusive interview with Tripoli PM Khalifa al-Ghweil

'If Europe thinks bombing boats will stop smuggling, it will not. We will defend ourselves'
Raymond Chandler's Los Angeles: How the author foretold the Californian water crisis

Raymond Chandler's Los Angeles

How the author foretold the Californian water crisis
Chinese artist who posted funny image of President Xi Jinping facing five years in prison as authorities crackdown on dissent in the arts

Art attack

Chinese artist who posted funny image of President Xi Jinping facing five years in prison
Marc Jacobs is putting Cher in the limelight as the face of his latest campaign

Cher is the new face of Marc Jacobs

Alexander Fury explains why designers are turning to august stars to front their lines
Parents of six-year-old who beat leukaemia plan to climb Ben Nevis for cancer charity

'I'm climbing Ben Nevis for my daughter'

Karen Attwood's young daughter Yasmin beat cancer. Now her family is about to take on a new challenge - scaling Ben Nevis to help other children
10 best wedding gift ideas

It's that time of year again... 10 best wedding gift ideas

Forget that fancy toaster, we've gone off-list to find memorable gifts that will last a lifetime
Paul Scholes column: With the Premier League over for another year, here are my end of season awards

Paul Scholes column

With the Premier League over for another year, here are my end of season awards
Heysel disaster 30th anniversary: Liverpool have seen too much tragedy to forget fateful day in Belgium

Liverpool have seen too much tragedy to forget Heysel

Thirty years ago, 39 fans waiting to watch a European Cup final died as a result of a fatal cocktail of circumstances. Ian Herbert looks at how a club dealt with this tragedy
Amir Khan vs Chris Algieri: Khan’s audition for Floyd Mayweather may turn into a no-win situation, says Frank Warren

Khan’s audition for Mayweather may turn into a no-win situation

The Bolton fighter could be damned if he dazzles and damned if he doesn’t against Algieri, the man last seen being decked six times by Pacquiao, says Frank Warren
Blundering Tony Blair quits as Middle East peace envoy – only Israel will miss him

Blundering Blair quits as Middle East peace envoy – only Israel will miss him

For Arabs – and for Britons who lost their loved ones in his shambolic war in Iraq – his appointment was an insult, says Robert Fisk
Fifa corruption arrests: All hail the Feds for riding to football's rescue

Fifa corruption arrests

All hail the Feds for riding to football's rescue, says Ian Herbert
Isis in Syria: The Kurdish enclave still resisting the tyranny of President Assad and militant fighters

The Kurdish enclave still resisting the tyranny of Assad and Isis

In Syrian Kurdish cantons along the Turkish border, the progressive aims of the 2011 uprising are being enacted despite the war. Patrick Cockburn returns to Amuda
How I survived Cambodia's Killing Fields: Acclaimed surgeon SreyRam Kuy celebrates her mother's determination to escape the US

How I survived Cambodia's Killing Fields

Acclaimed surgeon SreyRam Kuy celebrates her mother's determination to escape to the US
Stephen Mangan interview: From posh buffoon to pregnant dad, the actor has quite a range

How Stephen Mangan got his range

Posh buffoon, hapless writer, pregnant dad - Mangan is certainly a versatile actor