The Finnish handset maker is desperate for a winner that can reverse its perilous slide toward irrelevance.
It's hard to fault investors for having abandoned phone giant Nokia (NOK). What was once a prominent company in a fast-growing market sustained a series of self-inflicted wounds, essentially ceding the smartphone market to Apple (AAPL) and Samsung.
But with renewed excitement stemming from Nokia's new Lumia 920, running on Microsoft's (MSFT) Windows 8 mobile operating system, investors want to know whether Nokia deserves a second look. (Microsoft publishes MSN Money.)
I'd like to think that Nokia can revive its fortunes with its new phone, but it's hard to discuss the prospects of the Lumia 920 without first considering its predecessor, the Lumia 900 -- particularly given how the company botched the launch. After getting its tail kicked by Research in Motion's (RIMM) BlackBerry, which then gave way to Apple's iPhone, Nokia needed a spark.
With management raising revenue guidance, fiscal 2013 might be an even bigger year for the chip maker.
In what's been a tough market for the semiconductor sector, Qualcomm (QCOM) continues to confound the skeptics, some of whom rushed to pronounce an end to the company's growth story.
Competing chip makers such as Intel (INTC), Nvidia (NVDA) and Texas Instruments (TXN) have been hurt by, among other things, weak demand for microprocessors and chip sets. But Qualcomm recently exceeded the estimates of Wall Street analysts for revenue and profit it its fiscal fourth quarter.
It also did what few rivals have been able to do -- raise guidance.
Sales of Samsung's Galaxy S III surpassed the iPhone 4S in the third quarter to become the best-selling smartphone. But the iPhone 5 should reassert Apple's dominance.
Samsung's Galaxy S III overtook the iPhone 4S to become the world's best-selling smartphone during the third quarter, according to research from Strategy Analytics, but the iPhone 5 looks set to re-assert Apple's(AAPL) dominance.
The Korean tech giant shipped 18 million Galaxy S III's during the third quarter, accounting for 10.7% of the global smartphone market. Apple shipped an estimated 16.2 million of the popular iPhone 4S, according to Strategy Analytics, making up 9.7% of the market.
Apple, however, still holds an enviable position in the smartphone battle thanks to its new iPhone 5, which was launched amid much fanfare in September.
About 7,000 US Starbucks locations are beginning to accept payments using Square's mobile payment application for smartphones.
By Chris Ciaccia, TheStreet.com
The partnership that promises to bring the mobile-payments revolution to the forefront launched Nov. 8, as Square, the start-up that has developed a software-based mobile wallet, rolls out its mobile-payments app at approximately 7,000 Starbucks (SBUX) outlets.
As Square Wallet goes into effect for Starbucks customers, the two companies hope their relationship transforms the mobile-payments experience.
Sales were strong following the late-September launch of Apple's smartphone. But consumers and carriers are getting antsy about ongoing production delays.
Despite early criticism from pundits who asserted that Apple's (AAPL) iPhone 5 was a step back from previous handsets, consumers are still having an extremely difficult time getting their hands on one.
Demand is enormous, and Apple's supplier, Foxconn Technology, is reportedly having problems keeping up with the demand.
"It's not easy to make the iPhones. We are falling short of meeting the huge demand," Foxconn Chairman Terry Gou recently told reporters.
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[BRIEFING.COM] The Nasdaq Composite (+0.5%) and S&P 500 (+0.2%) posted modest gains on Thursday, but not before enduring a morning dip into the red, which took place in reaction to reports indicating Russia has commenced military exercises on the Ukrainian border.
The news from Europe knocked the key indices from their early highs, while giving a boost to safe-haven assets like gold futures (+0.5% to $1290.80/ozt), Treasuries (10-yr yield -1 bps to 2.69%), and the Japanese yen (102.30 ... More
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