Nokia Stays On Top Of SmartPhone Market

Nokia has remained the horde one make of smartphones, but their dominance may be slipping. For correctly now, though, Nokia remains squarely in the clear the way. According to the probing firm, Nokia sold 60.9 million smartphonesultimately year for a total buy share of 43.7 percent. That’s more than twofold the market share of its closest antagonist, Research In Motion, which commanded 16.6 percent. The ease of the report on Nokia was associated. The company faces continuing and sound competition in all of their markets, as without difficulty completely as intense downward demand on their margins. Like allroom phone makers, they’re also susceptible to the unfaithful nature of cell phone enthusiasts. If one or more of their most prevailing phones were to misplacepopularity, it could precipitate major headaches for the group. Right now Nokia remains incisive, but must meet their challenges foremost on.

Nokia Announces Job Cuts

Nokia recently announced plans to lay off 1,700 employees from their universalworkforce. The steadfastness was made as demand for their produce fell and an unstable conciseness swayed consumers from buying. Nokia wish cut costs in their handset element, their marketing entity, their corporate expansion office and their far-reaching support functions. About 700 of the job cuts last will and testament take place in Finland. Nokia offered severance packages to the original1,000 employees that agreed to dispensation the company and cut production at their Salo inject in Finland.