Posts Tagged ‘ smartphones

Hewlett-Packard Agrees to Buy Palm. 1hr ago

Hewlett-Packard has agreed to acquire Palm for $1.4 billion in cash, uniting two companies that have failed to make much recent headway in the smartphone business.

H.P. announced its all-cash purchase of Palm just after the financial markets closed on Tuesday, saying it would pay $5.70 a share.

NY Times

looks like the BB & iPhone hype had more impact than expected

nokia-bleed-smartphone-prints

“Oct. 15 (Bloomberg) – Nokia Oyj, the world’s biggest maker of mobile phones, had its first net loss since the company began reporting quarterly in 1996, hurt by costs related to a joint venture with  Siemens AG and weaker demand.

The net loss totaled 559 million euros ($834 million), after a profit of 1.09 billion euros a year earlier.”

Nokia also said that its smartphone market share dropped to 35% versus 41% in the previous quarter. 6% drop within the last 3 months is not normal at all.. its like 6% of the Nokia smartphones owners switched to another brand.

sources:

bloomberg, Engadget