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Tag: Nokia

  • Nokia Layoffs: Tech Giant Likely To Cut Over 2,000 Jobs As Part Of Cost-Cutting Strategy | Economy News

    Nokia Layoffs 2024: Nokia, the Finland-based tech giant, has reportedly announced significant job cuts, with plans to eliminate nearly 2,000 positions in Greater China. Adding further, the company is looking to cut another 350 jobs in Europe as part of its broader cost-cutting measures.

    The layoffs are part of Nokia’s efforts to streamline operations and achieve cost savings of up to 1.2 billion euros by 2026. A Nokia spokesperson confirmed the job cuts in Europe but did not comment on those in China.

    As of December 2023, Nokia employed 10,400 people in Greater China and 37,400 in Europe. Last year, the company revealed plans to cut up to 14,000 jobs to save between 800 million and 1.2 billion euros by 2026.

    China, once Nokia’s second-largest market, has seen a sharp decline in contracts from Chinese telecom operators after Western countries banned Huawei in 2019. Nokia’s net sales from Greater China, which accounted for 27% in 2019, have since dropped to less than 6% in the latest quarter.

    Earlier this week, Meta also announced layoffs across its WhatsApp, Instagram, and Threads teams but did not disclose the number of affected employees.

  • Xiaomi Pips Samsung To lead India Smartphone Market In June Qtr With 19 Per Cent Volume Share: Reports |

    New Delhi: Chinese smartphone maker Xiaomi has pipped Samsung to lead the Indian smartphone market with a 19.3 per cent volume share in the second quarter of 2024, a report said on Tuesday.

    According to CyberMedia Research’s India Mobile Handset Market Review Report for April-June, the India smartphone market declined 4 per cent and the overall mobile phone shipment decreased 3 per cent year-on-year.

    “Xiaomi (19.3 per cent), Samsung (18.5 per cent) and Vivo (17 per cent) captured the top three spots in the smartphone leaderboard in the second quarter of 2024, followed by Realme (13 per cent) and OPPO (9 per cent),” the report said.

    The CyberMedia Research (CMR) report said Apple captured 5 per cent share in the smartphone market with Apple iPhone 15 series constituting 58 per cent of its total shipments during the quarter.

    In the feature phone segment, Chinese company itel Mobile continued to lead the market with 35 percent share. Homegrown mobile phone company Lava pipped Nokia to occupy the second spot in the feature segment with 30 percent share.

    Nokia’s market share in the feature phone segment declined to 11 per cent from 17 per cent a year ago. According to the report, 5G smartphone shipments’ share in the country increased to 79 per cent, marking a notable 56 per cent YoY growth.

    Vivo led the 5G smartphone market with 21 per cent market share, followed by Samsung at 20 per cent. 5G smartphones in the price band of Rs 10,000-13,000 grew by over 200 per cent YoY. The report said India’s smartphone market would grow 7-8 percent in 2024, driven by strong demand for 5G and AI smartphones.

    “The availability of affordable 5G phones in the Rs 10,000-13,000 range has significantly propelled market growth. Additionally, the premiumization wave continues to stay strong, with the premium segment (above Rs 25,000) witnessing a 9 per cent YoY growth,” Menka Kumari. , Analyst- Industry Intelligence Group, CMR said.

    According to the report, the affordable smartphone segment (below Rs 7,000) has faced challenges, experiencing 26 per cent year-on-year (YoY) decline. This trend highlights a shift in consumer preferences towards more feature-rich options. The value-for-money segment, priced Rs 7,000-25,000, continues to lead, capturing 71 per cent market share, the report said.

    The overall feature phone market recorded 1 per cent YoY growth while 2G feature phone shipments decreased by 6 per cent YoY. The 4G feature phone shipments recorded 39 per cent growth during the quarter, majorly driven by Jio capturing 68 per cent market share followed by Nokia at 28 per cent, the report said.

    “Jio captured 15 per cent market share in the feature phone market in the second quarter of 2024 largely driven by its JioBharat B1 model capturing 36 per cent share followed by JioPhone Prima at 22 per cent,” it said.

    CMR estimates a MediaTek-led India’s smartphone chipset market with 54 per cent share and Qualcomm-led premium segment (over Rs 25,000 segment) with 37 per cent share.

  • HMD 105 and HMD 110 Feature Phones Launched in India With Built-in UPI Feature; Check Specs, Price |

    New Delhi: Nokia phone maker HMD has launched its first HMD-branded feature phones in India. The new feature phone includes the HMD 105 and HMD 110 under its own identity. The company is offering a one-year replacement guarantee on both the newly launched feature phones in the market.

    UPI Transactions Without Internet

    The HMD 105 and HMD 110 mobile phones are equipped with a new built-in UPI functionality, which is said to allow users to make UPI transactions even without internet access. Both the feature phones come with a similar design, including a round camera module at the back, a curved frame and a textured finish. It also supports 9 input languages ​​and 23 languages ​​for text display.

    HMD 105 And HMD 110 Colour Options

    The HMD 105 comes with three colour options whereas the HMD 110 is offered in Black and Green colour options.

    HMD 105 And HMD 110 Price And Availability

    The HMD 105 feature phone carries a price tag of Rs 999 in India. Meanwhile, the HMD 110 is priced at Rs 1,199. Consumers can purchase the HMD 105 and HMD 110 feature phones across retail stores, e-commerce websites and HMD.com.

    HMD 105 And HMD 110 Specifications

    The HMD 105 And HMD 110 handsets are backed by a 1,000mAh battery each with extended standby time. The company claims that the devices offer a battery standby time of up to 18 days. Both the handsets are preloaded with features such as auto call recording, wired and wireless FM radio, MP3 player, dual LED Flashlight, and more. It also houses a rear camera within a circular camera module aligned centrally.