By Allen Tsai | Tue May 12, 2009 3:00 pm |
Finnish mobile phone maker Nokia said that it plans to revamp its services strategy and stop investment in Ovi Share, its photo and video sharing site.
"Ovi Share is planned to be maintained in its current state," said a spokesman for the company.Nokia, the world's largest handset maker, hasn't unveiled usage numbers, but analysts predict these have remained low due to the appeal of already popular online services such as social networking site Facebook and Yahoo's photo sharing site Flickr. To cope with the sinking handset demand, Nokia has created a new business from Internet services -- such as maps and games. The company posted its first-ever quarterly loss for January-March due to the slowing global economy and is amid a large cost-cutting program, having slashed 3,500 jobs so far. Nokia built the Internet service when it bought Twango in 2007, opening it to the public in February 2008.
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Thu Jan 26, 2012 2:39 pm | By
Nokia's recent loss in profits highlights the company's difficult transition, as it shifts towards Windows phones and gears up for big changes in this year.
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Thu Jan 26, 2012 11:14 am | By
Nokia's Windows Phone-powered Lumia 900 will sell for $100 when it launches at AT&T later this year, according to reports, in a move that will raise the profiles of the maker and the OS.
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Tue Jan 24, 2012 11:30 am | By
Nokia shipped more than one million Lumia handsets last year, analysts estimate, signaling early success for the company's critical Microsoft partnership.
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Thu Jan 12, 2012 1:02 pm | By
Analysts predict a surge of sales for the Windows Phone platform, as Nokia and Microsoft head into the smartphone market in 2012 with updated hardware and plans for heavy promotion.
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