…China should help shrink an overall revenue decline and reduce its first-quarter loss, easing some of the pressure on CEO Stephen Elop. Quarterly results on Thursday are also expected to show a turnaround at communications equipment venture Nokia Siemens Networks (NSN), bolstering Nokia’s bottom line and supporting the shares’ recovery from last year’s record low. While analysts say Nokia Corporation (ADR) (NYSE:NOK) has yet to prove it can survive in an industry increasingly dominated by Samsung and Apple, a slow but steady improvement in finances may buy more time for Canadian chief executive Elop as he attempts to implement his turnaround strategy.
Apple Partner Foxconn Reportedly Ramps Up Hiring To Prep For Next iPhone Launch This Summer (TechCrunch)
Apple Inc. (NASDAQ:AAPL)’s primary manufacturing partner Foxconn is said to be increasing its staff, shortly after a freeze on new hires following the holiday season, in order to get ready for a big push come summer when Apple debuts its next iPhone. That’s the latest from the Wall Street Journal, which reported today that Foxconn is adding around 10,000 new assembly line workers a week to its iPhone production facility, with unnamed executives at the company confirming that it’s in preparation for a new iPhone launch. We’ve heard previously that manufacturers are preparing for a June 2013 launch, which suggests that we’ll see the device introduced at or around WWDC 2013.
Research In Motion Ltd (NASDAQ:BBRY) Launches Z10 in Taiwan (Crazy Joys)
The Canadian smartphone maker Research In Motion Ltd (NASDAQ:BBRY) announced in collaboration with Taiwan Mobile to unveil its recently launched smartphone Z10 in the Taiwanese market. Taiwan Mobile is among the largest mobile telecom companies in the country and offers subsidized pricing along with a 2 year contract for the device. The Z10 smartphone is based on BlackBerry 10 operating system. The company lacks in certain areas and first among them is less competitiveness in brand image in order to compete with devices like Samsung’s Galaxy phones and Apple Inc. (NASDAQ:AAPL)’s iPhone.
Nokia Corporation (ADR) (NOK): In India, It’s Go Big(flix) or Go Home (Insider Monkey)
Bigflix is an India version of Netflix, Inc. (NASDAQ:NFLX) – a movie streaming application that has enjoyed some popularity in the India market, showing native India movies through various devices like desktops, laptops and mobile devices. Nokia Corporation (ADR) (NYSE:NOK) announced this week that it will have the Bigflix app for Windows Phone pre-installed on every Lumia 520, 620 and 720 handset in India – a clear sign that Nokia understands the competitiveness of the India market and especially the market that favors the majority of the poulation. These handsets are meant for the majority low-0 and middle-inclome consumer in the region.
Trader admits fraud in $1 billion Apple stock scheme (Yahoo! News)
A former Rochdale Securities trader whose unauthorized purchase of about $1 billion of Apple Inc. (NASDAQ:AAPL) stock caused the demise of the financial services company pleaded guilty on Monday to wire fraud and conspiracy. David Miller, 40, entered his guilty plea before U.S. Magistrate Judge Donna Martinez in Hartford, Connecticut. Miller faces a maximum 25 years in prison when he is sentenced on July 8, but under a plea agreement he could receive a term of five to eight years. The Rockville Centre, New York resident is free on bond.
