According to the Consumer Electronics Association, worldwide spending on consumer gadgets will reach $1.1 trillion in 2013. The CEA, which organizes the Consumer Electronics Show set to kick off on Tuesday, said global >>
economy News
Nokia to cut 1,000 jobs from Finnish phone plant
Nokia on Thursday announced that it will cut as many as 1,000 jobs at its plant in Salo, Finland. The company’s layoffs will happen gradually through 2012, with most cuts happening by the >>
Sony blames Q1 net loss on earthquake, economy
Sony reported its fiscal first quarter results on Thursday and recorded a net loss of 15.5 billion Yen ($198.7 million). The company attributed the loss to the earthquake that struck off the coast >>
Qualcomm chip shipment forecast lower than expected, Europe to blame
Qualcomm said it expects to ship between 120 million and 125 million chips during the quarter ending in September, a figure that is lower than the 130 million units MLM Partners LLC analyst >>
Najmi Jarwala steps down from his position as President of Sony Ericsson USA
Sony Ericsson announced today that Najmi Jarwala has resigned from his position as President of Sony Ericsson USA and Head of Region North America (US and Canada). Mr. Jarwala will be leaving his >>
Nokia needs to cut more costs, implements Voluntary Resignation Package
The heat is on and Nokia appears to be feeling the burn as much as the next company as it has just announced a new round of cost-cutting measures that will go into >>
AT&T claims 1.9 million new iPhone 3G activations during Q4 2008
First things first: 1.9 million activations is nothing to scoff at. It’s a huge number, and represents AT&T and Apple’s unquestionable success in the smartphone arena. Including the 4th Quarter results, the company >>
Circuit City files for bankruptcy, 567 prepare for liquidation sales
…and over 35,000 folks prepare to start searching for a new job. So sad. This latest bit of bad news comes after Circuit City’s lengthy, and apparently fruitless, search for a buyer. The >>
