“Nokia Oyj will cut up to 360 jobs at Internet services unit as it combines offerings into its new Ovi Store, the world’s top cellphone maker said on Tuesday,” Tarmo Virki reports for Reuters.
Virki reports, “Nokia’s new online software and multimedia store will challenge Apple’s hugely successful App Store from May.”
MacDailyNews Take: Hope springs eternal.
Virki continues, “Nokia, which made its first ever quarterly pretax loss in January-March, is cutting annual costs at its key handset unit alone by more than 700 million euros ($911 million) to counter plunging demand.”
Virki reports, “The Apple store has proved the market for software supermarkets in the mobile world, with one billion applications downloaded in less than a year.”
“‘As much as iPhone and App Store is a success for Apple, it’s a humiliating defeat for the rest of the mobile industry,” said Bengt Nordstrom, Chief Executive of telecoms consultant Northstream.’Twenty years of efforts from operators and vendors to create mobile applications that customers like is overtaken in a heartbeat by someone that never done it before,’ Nordstrom said,” Virki reports.
“Nokia said it would also cut some 90 jobs in internal IT unit and industry collaboration activities” Virki reports. “It has so far slashed 3,000 jobs across the organization.”
Full article here.
MacDailyNews Take: Bloodbath.
[Thanks to MacDailyNews Reader “Julio” for the heads up.]