Nokia's wisdom in picking outsider Stephen Elop to return it to its former glory will be tested on Friday when the new chief executive reveals his plans to transform the world's biggest cellphone maker.
The largest mobile Internet browser firm Opera Software ASA confirmed its entrance to the fast-growing tablet computer space and said it has reached a landmark 100 million cellphone users.
Nokia has ended development of its first smartphone using its new MeeGo operating system before it was ever launched, two industry sources close to the company said.
Nokia's new top-of-the-range model the E7 is expected to be the top sales generator in 2011, a senior company official was quoted as saying on Monday in Finnish daily Kauppalehti.
Stephen Elop, the new chief executive of Nokia, the world's biggest cellphone maker, will unveil his plan to turn around the Finnish company's weakening position in the high end of the market next week.
Nokia is expected to post a third profit fall in a row on Thursday with investors seeking clues on how the handset maker can challenge smartphone powerhouses Apple and Samsung and also recover lost ground at the cheaper end of the market.
One out of every five cellphones sold in the world are illegal or unlicensed copycats, hurting the position of producers like Nokia in emerging markets, the world top manufacturer by volume said on Friday.
Nokia has pulled out of a plan to launch a smartphone with No. 2 US mobile provider AT&T Inc, just before the device was supposed to be announced, a person familiar with the matter said.
Nokia is expected to report its third profit fall in a row as the mobile phone company struggles to compete against high-end smartphones of Apple and Samsung, while also losing share at the cheaper end of the market.