Feeds

Nokia kicks OEMs to the kerb

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

Internet Security Threat Report 2014

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. ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
Download alert: Nearly ALL top 100 Android, iOS paid apps hacked
Attack of the Clones? Yeah, but much, much scarier – report
Broadband sellers in the UK are UP TO no good, says Which?
Speedy network claims only apply to 10% of customers
Virgin Media struck dumb by NATIONWIDE packet loss balls-up
Turning it off and on again fixes glitch 12 HOURS LATER
Fujitsu CTO: We'll be 3D-printing tech execs in 15 years
Fleshy techie disses network neutrality, helmet-less motorcyclists
Facebook, working on Facebook at Work, works on Facebook. At Work
You don't want your cat or drunk pics at the office
Soz, web devs: Google snatches its Wallet off the table
Killing off web service in 3 months... but app-happy bonkers are fine
Ofcom tackles complaint over Premier League footie TV rights
Virgin Media: UK fans pay the most for the fewest matches
prev story

Whitepapers

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.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
The Heartbleed Bug: how to protect your business with Symantec
What happens when the next Heartbleed (or worse) comes along, and what can you do to weather another chapter in an all-too-familiar string of debilitating attacks?
New hybrid storage solutions
Tackling data challenges through emerging hybrid storage solutions that enable optimum database performance whilst managing costs and increasingly large data stores.