Cellphone Maker, Mobile | featured news

Nokia promises new products to exasperated investors

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.

 

Nokia files patent lawsuits against HTC, RIM

Wounded cellphone maker Nokia has turned on one of its former allies in the patent protection battlefield by filing lawsuits against rival smartphone maker HTC as it steps up its efforts to raise funds.

 

Samsung Takes Cellphone Lead

Galaxy Note

Soaring sales of smartphones lifted Samsung Electronics's profit to a record and apparently pushed the South Korean company past Nokia as the world's biggest cellphone seller—and perhaps past Apple as No. 1 in smartphones.

 

S&P cuts Nokia rating to junk

Standard & Poor's has cut its credit rating on Finnish cellphone maker Nokia to junk on expectations of lower sales, following a similar move by Fitch Ratings earlier this week.

 

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