Microsoft shares drop on $7.2 billion Nokia phone deal

HELSINKI: Microsoft is wagering $7.2 billion on the idea that owning Nokia's phone business will help the software giant grab a bigger slice of the lucrative mobile market from Apple and Google.

Nokia losses deepen to 1.4bn euros in last quarter

Nokia made losses of 1.41bn euros (£1.1bn) in the last three months as the mobile phone maker lost more market share to Samsung and Apple.

Nokia slumps to €1.3bn loss under competition from Apple and Samsung

Nokia has announced the departure of its head of sales as the struggling mobile phone maker, beset by competition from Apple and Samsung and an under-par new product launch, slumped to a loss of €1.3bn (£1.1bn).

Nokia maps fightback against cheap Android phones, plans cheaper Windows models

HELSINKI: Finnish group Nokia aims to revamp its feature phone offering this year and add more and cheaper Windows smartphones to fight back against the fast-rising popularity of Google's massmarket Android phones.

Nokia ends phone assembly in Europe, cuts jobs

HELSINKI: Nokia Corp. plans to end the assembly of cellphones in Europe by year-end as it shifts production to Asia and cuts another 4,000 jobs, its latest attempt to cushion its finances from stiff competition in the smartphone sector.