Nokia and Sony Ericsson profits take a dive
The handset market has not been easy for everyone: former leaders Nokia and Sony Ericsson are having a hard time posting good numbers, although, Nokia has managed to earn $380M (-65%) while Sony Ericsson was posting a loss of $299M.
Nokia has had difficulties in developed countries as the coolness of its brand is eroding. The company has engaged in a wide range of initiatives (OS, store, handsets) to change course, but this will likely take at least a couple of years to form.
Sony Ericsson is in deep trouble: it does not have a good way of taking the lead in terms of software or handset design.
You May Also Like
Related Articles on Ubergizmo
Popular Right Now
- First Shutdown of Niagara Falls in 12,000 Years: A Rare Sight to Behold
- Former Google Engineer claims that humans will achieve immortality soon
- Romotow: The Foldable Camping Trailer Inspired By A USB Flash Drive
- LYRA: Swiss Startup Unveils AR Smart Glasses for Office Work, City Life, And Traveling
- Man Caught in China Smuggling $46K Worth of Intel CPUs Wrapped Around His Waist
- iPhone 15 Pro Max may bring thinner bezels than Xiaomi and Samsung’s latest flagships
- OpenAI's new GPT-4 with a "human-level performance" scored up to 93% on SAT exams
- iPhone SE 4 could be Apple's secret weapon to 'steal' budget customers from Samsung
- Lenovo Launches New Workstations, With Aston Martin DNA
- Ubergizmo’s Best of Mobile World Congress 2023
- TCL NXTPAPER 11 Tablet With Paper-like Screen Experience
- Nothing Phone 2 Coming To The U.S. In Late 2023
- Ubergizmo’s Best Of K-Startup @ CES
- Intel Core i9-13900T Shows Extraordinary Efficiency In Early Benchmarks
- Ubergizmo’s Top 3 MIK Products @ CES 2023
- Three LG gram Laptops For 2023. The Lightest Got Even Lighter