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Global handset maker, Nokia is reportedly planning to make a comeback in the highly contested smartphone business with the launch of Android smartphones and devices in the fourth quarter of this fiscal. Microsoft and Nokia’s non-competent deal expires at the end of this year and Nokia China’s Mike Wang says Nokia will stage a comeback in the ever competent smartphone business. Nokia’s comeback devices will be manufactured by HMD Global, a Finnish company started by former Nokia employees, the Indian Express reports. Also Read: Hopes Alive For Come Back Of Nokia And BlackBerry HMD Global...

Foxconn seems not pleased with Nokia’s legal and financial crisis. With regards to taking over Nokia’s Chennai production plant, the Taiwanese multinational electronics contract manufacturing company, has laid down certain conditions, which include freedom from all financial and legal liabilities of the plant. The plant which is in the middle of a INR 21,000-crore tax liability dispute with the government would need its backing in order for the terms to go through. Some of the other key demands include Nokia seeking to convert part of the Special Economic Zone (SEZ)...

Nokia And BlackBerry, the two handset legacies of its times are strugeling hard for their survival in the highly contested smartphone market. The hopes of come back of these two technology giants are still alive. The leader of the market once upon a time, both the tech giants needs to understand the market dynamics and changing business equations in the smartphone business to make its grand entry in the industry. In 2009, about 70 percent of smartphones sold globally had operating systems offered by BlackBerry and Nokia and the two...

According to the report by The Economic Times, the Nokia factory based in Chennai has fresh troubles. The biggest hurdle ahead is the humongous tax dispute. Government officials had earlier approached Foxconn Founder Terry Gou. The Government hopes to revive the plant and is said to have discussed the proposed sale of the Nokia factory in Chennai. An official is said to have told ET that “We can say we have broken the ice with Foxconn. Now, the next task at hand is to ensure the aspirations of Foxconn and...

Ericsson is reportedly planning to lay off between 3,000 and 4,000 staff this summer, according to Swedish newspaper Svenska Dagbladet. Thousands more may have to go at the network equipment manufacturer as management look for additional cost savings of 10 billion Swedish kronor (US$1.2 billion), the newspaper said, citing anonymous sources. Ericsson had around 115,000 staff in April, 17,000 of them in Sweden. A spokeswoman declined to discuss the news report, saying the company does not comment on rumors and speculation. Ericsson is facing increasing competition from Nokia, which swallowed its...