Tag Archives: nok

Apple raked in 65% of all smartphone profits in Q1

Smartphone manufacturing is a money-losing proposition unless you’re Apple (AAPL) or Samsung. Those top two vendors in the handset market soaked up all of the available profits in the business yet again in the first quarter, according to Canaccord Genuity. In fact, Apple (AAPL) and Samsung accounted for 106% of smartphone profits in Q1 because they made more money than the total market since other major vendors lost money, Canaccord analyst Michael Walkley said in a report Thursday. Apple and Samsung combined for $15.71 billion in operating income from smartphones in Q1, while the total market among the leading vendors produced $14.86 billion in operating income. Nokia (NOK), BlackBerry (BBRY), Motorola, Sony (SNE), LG and HTC all lost money in their smartphone businesses last quarter. Microsoft (MSFT) completed its purchase of Nokia’s handset business on April 25. And Lenovo is in the process of buying Motorola from Google (GOOG).  

Microsoft gets boost from executive changes, Build buzz

Microsoft stock hit another 14-year high on Monday as new CEO Satya Nadella announced a series of executive appointments to reshape the software giant. It was the second round of leadership changes in March for Nadella, a longtime Microsoft executive who was appointed CEO on Feb. 4. On Monday, Nadella promoted Scott Guthrie to executive vice president of Microsoft ‘s (MSFT) cloud and enterprise business and elevated Phil Spencer to head the Xbox business. He also announced that former Nokia (NOK) CEO Stephen Elop will be executive vice president of Microsoft’s devices group upon the closing of Microsoft’s acquisition of the Nokia handset business. Microsoft expects that deal to close by the end of April. “Recently, I’ve discussed with the Microsoft leadership team the need to zero in on what truly makes Microsoft unique,” Nadella said in a letter to employees . “As I said on my first day, we need to …

Qualcomm, F5, Nokia Get Buy Ratings From Citigroup

Citigroup on Wednesday initiated coverage on a broad range of networking equipment companies, giving buy ratings to Qualcomm (QCOM), Nokia (NOK), Alcatel-Lucent (ALU) and F5 Networks (FFIV), but calling Cisco Systems (CSCO) a sell. Analyst Ehud Gelblum’s only other buy rating went to Riverbed Technology (RVBD). His other sell ratings went to BlackBerry (BBRY) and Brocade (BRCD). Citigroup gave neutral ratings to Ciena (CIEN), Corning (GLW),