Nokia to hold a new product online conference on April 8th

Nokia to hold a new product online conference on April 8th

Nokia’s official web site lately launched a poster stating that Nokia’s new product launch will maintain on-line on April 8, 2021. The poster exhibits the again of a person within the forest, but it surely doesn’t reveal any machine. The theme of the convention is “Love Belief Hold”. We count on the corporate to launch a wide range of merchandise.

Nokia lately signed a video commonplace patent licensing settlement with Samsung. In accordance with Nokia, it is going to license the patents on a good, cheap, and non-discriminatory foundation.  It can permit different firms to make use of its amassed patent outcomes at a lower cost.

Nokia’s G10 cell phone was beforehand licensed in Malaysia, code-named “TA-1334”. This cellphone is anticipated to make use of a 6.4-inch display and a 48-megapixel rear quad digicam. Different specs of this machine are much like the Nokia 5.4.

Nokia sacks over 10ok staff in two years – hit China essentially the most

Not like Swedish rival Ericsson, Nokia didn’t disclose what number of staff it had in its quarterly monetary statements. Prior to now yr, this hid Nokia’s complete labor price discount of 500 million euros ($597 million) a yr. Nonetheless, within the newest annual report launched by Nokia, it may be seen that just about 5,000 jobs have been diminished in 2019, and greater than 6,000 jobs disappeared final yr.

The report exhibits that Nokia’s internet layoffs hit 11044, taking Nokia’s common variety of staff in 2020 to 92,039. This implies that its complete staff drop by 11% in simply two years. A regional evaluation exhibits that employment figures all around the world have declined, however China has skilled the most important decline. Final yr, the variety of staff in China fell by 12% to 13,749, a lower of almost 3,500 since 2018. 

The corporate’s staff within the Americas have additionally decreased considerably, with a 9% discount in 2020 and a discount of greater than 2,800 positions since 2018.

Nokia didn’t say something in regards to the large layoff

The corporate didn’t point out spending cuts within the report. “Lately, as we have now adjusted our technique in response to enterprise targets and actions, our workforce has fluctuated”.  That is the corporate’s solely assertion with respect to adjustment(s). It fails to say any type of layoff.

The excellent news for buyers is that Nokia’s working revenue margin has nearly doubled to 4% in 2020, though gross sales have fallen by 6% to round 21.9 billion euros ($26.1 billion). Two years in the past, the Finnish producer had an working lack of 59 million euros ($70 million). By 2020, it has achieved a revenue of a minimum of 885 million euros ($1.1 billion).