Electronics, Mobile | featured news

Nokia says it will slash 10,000 jobs and close plants as the ailing company fights fierce competition, and gave a grim outlook for most of the year, causing its shares to plummet 18 percent to close at €1.83 ($2.30). The Finnish cellphone maker also on Thursday announced personnel changes and said it has agreed to sell its luxury phone brand, Vertu.

Co-founded in 2009 by Twitter cofounder Jack Dorsey, Square enables people to accept credit card payments on iPhone, iPad or Android devices... In a move that positions the company for a potential initial public offering, Square has hired former Goldman Sachs and Salesforce.com executive Sarah Friar as chief financial officer.

Nokia shares are trading higher Friday morning in a move that at least one report attributes to dubious rumors that the company could be a takeover target for Samsung. Honestly, the rumor seems ridiculous. Samsung has little reason to buy a struggling handset maker given its own success in dominating the market for Android-based smart ...

Samsung's new flagship smartphone, the Galaxy S III, will be launched by all of the Big 4 national U.S. wireless carriers this month, starting at $199, the phone maker said Monday.

Samsung design VP Chang Dong-hoon has refuted accusations that the Galaxy S III was designed "by lawyers." Responding to the reports that stated the new handset was tweaked to circumvent deliberate trade dress claims made by Cupertino in its lawsuit, he said that the redesign is part of the company's five-year plan rather than a sudden change. He went on to say that the flagship went through hundreds of iterations before the team alighted upon the model that will shortly make its way into sweaty palms all over the world.

U.S. consumers have had their fill of expensive, contract-based phone plans. Figures from T-Mobile USA on Thursday, added to earlier reports from other companies, indicate that the U.S. wireless industry lost subscribers from contract-based plans for the first time in the first quarter. Contract-based plans are the most lucrative ones for phone companies. The industry default over the past several decades, they account for the vast majority of revenue at the big phone companies.

This is a guest post by Caribou Honig, a partner with QED Investors in Alexandria, Va. In a prior post on the topic of mobile payments, I made the case that the mobile wallet will become the foundation of a new, disruptive "payment Operating System."

CTIA Wireless, the U.S. cellphone phone industry's annual trade show that starts Tuesday, is drawing heavy participation not just from the cellphone industry, but from MasterCard, Visa, and other companies in the business of moving money around.

The Samsung Galaxy S III's plastic build may not be to everyone's liking, but the quad-core processor and improved voice control feature show that Samsung's flagship Android line has staying power.

Nokia's outgoing Chairman Jorma Ollila promised a range of new products ahead of a meeting on Thursday with shareholders who are increasingly losing patience with the company's recovery efforts.