Feeds

Nokia kicks OEMs to the kerb

$5bn worth of handsets won't happen in 2009

5 things you didn’t know about cloud backup

Nokia is getting out of third-party manufacturing, a move that will see the Finnish giant spending $5bn less on making handsets, according to specialists iSuppli.

Seventeen per cent of Nokia's manufacturing was outsourced to Original Equipment Manufacturers (OEMs) in 2008, according to Reuters, and that’s the business from which Nokia last week announced they would be pulling back, in the face of increasing economic pressure.

That decision is, according to iSuppli, enough to make it reassess 2009 predictions for the sector; currently standing at a contraction of 9.9 per cent compared to 2008, when the industry turned over $300.7bn.

For Nokia, however, this means the company is effectively responding to economic realities and is a show of flexibility rather than something to be concerned about - at least until the cuts extend into its own production.

Nokia said today it will be supplying $1.76bn worth of handsets to reseller China PTAC, putting Nokia handsets onto the shelves in the biggest mobile phone market in the world, even if they are all made in-house. ®

The essential guide to IT transformation

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
So, Apple won't sell cheap kit? Prepare the iOS garden wall WRECKING BALL
It can throw the low cost race if it looks to the cloud
Time Warner Cable customers SQUEAL as US network goes offline
A rude awakening: North Americans greeted with outage drama
We need less U.S. in our WWW – Euro digital chief Steelie Neelie
EC moves to shift status quo at Internet Governance Forum
Google has spaffed more cash on lobbying this year than Big Cable
Don't worry, it'll be cheaper when they use drones
EE fails to apologise for HUGE T-Mobile outage that hit Brits on Friday
Customer: 'Please change your name to occasionally somewhere'
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?