This has been a tough week for high-tech giants who spent billions of dollars to buy their way into the mobile handset market.
Microsoft said Wednesday that it plans to cut another 1,850 jobs at its troubled Nokia phone making unit and take an impairment and restructuring charge of $950 million.
Microsoft announced Wednesday that it has agreed to sell its Nokia feature phone business to FIH Mobile, a subsidiary of Apple supplier Foxconn, and HMD Global, a newly formed company set up by former Nokia executives, for $350 million.
It appears that WhatsApp might have the seven year itch. Shortly after celebrating its seventh anniversary, Facebook's mobile messaging app said it was dumping the BlackBerry operating system and a number of other older operating systems by the end of the year.
The networking industry, like any industry that has been around for so long, always seems to be in the midst of consolidations. Larger vendors frequently purchase smaller companies, beefing up specific capabilities to address enterprise customer needs or buying their way into emerging markets.
It was around 1997 – almost 15 years after Motorola released the DynaTac, the first commercial cellphone – that mobile phones started replacing or "disrupting" scores of common product categories. Since, cellphones have continue on this path. We took a look back to the very beginning of the cellphone market to examine just how disruptive the technology has been over time.
Nokia Networks, a subsidiary of Nokia Corp. specializing in mobile broadband, has expanded its use of big data and WANdisco to get the big data sharing work done. Nokia Networks has now implemented Subscriber Data Management built on Hadoop and expanded its use of WANdisco to support the big data delivery.
Nokia is reportedly laying groundwork for a return to the mobile market it abandoned less than two years ago.
Nokia came out on Sunday and denied that it was working on a mobile handset for the consumer market.
Nokia is reportedly considering making mobile phones again after selling its handset business to Microsoft, Re/code reported.