Nokia this morning announced a management shakeup just a day after reporting its first quarterly loss for more than a decade. The world’s largest handset vendor said that Rick Simonson (pictured) – currently CFO – will become head of its low-end mobile phone unit in the devices division.
Nokia, the world’s largest handset vendor, this morning reported a third-quarter net loss of EUR913 million (compared with a profit of EUR1.1 billion in the year-ago period) as it booked impairment charges on goodwill of EUR908 million for Nokia Siemens Networks (NSN). Net sales for the July to September period fell 20 percent year-on-year to EUR9.8 billion.
Nokia’s high-profile ‘Booklet 3G’ – its first foray into the netbook space – will be launched in Germany and the US in the next few weeks. O2 will offer the device in Germany for EUR249 (US$371) with an additional monthly charge of EUR20 over 24 months. There will also be an optional flat-rate data tariff which will cost EUR25 per month.
Nokia has continued its social networking acquisition spree, this time buying privately-held Dopplr for an undisclosed sum. Dopplr has a team of seven people based in London and Helsinki. Dopplr offers a ‘Social Atlas’ service for travellers, which will be integrated within Nokia’s Services unit. Already this month Nokia has acquired US-based Plum Ventures.