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Nokia sells its Espoo, Finland HQ for $222 million, will stay on as tenant
As promised, Nokia has sold its Espoo, Finland headquarters to another Finnish company, Exilion, and signed a long-term lease to stay on as principal tenant. The handset maker reported that the property, dubbed Nokia House, went for 170 million euros ($222 million) and that the sale of the 48,000 square meter (517,000 square feet) property would be completed by the end of the year. Nokia reportedly made the deal to help stem the flow from its recent poor financial performance, but will at least get to stay on in the building it's occupied since 1997. Check the PR after the break for more info.
Nokia wants to sell off its headquarters in Espoo, Finland, move in as tenant
Just how deep do Nokia's financial woes go? According to Finnish journal Helsingin Sanomat and Reuters, deep enough that it's mulling the sale of Nokia House, its principal HQ located in Espoo, Finland. The company told the journals that it's looking to divest "non-core parts" of its business, "and that includes the headquarters," according to a spokesman. Since Nokia has lost billions just in the last two quarters alone, it is likely looking for cash wherever it can and its Espoo property is worth $250-400 million, according to Helsingin. However, the cellphone maker is adamant it would stay in its home country, and could remain a primary tenant in the sprawling complex after such a sale. If they do unload the property, we're just glad we recently got some souvenirs.
Engadget visits Nokia House wrap-up: Stephen Elop Q&A, Lumia 920 camera tests and more
It's been a whirlwind week of all things Nokia for our Engadget crew here in Helsinki, Finland. With a (nearly) all access pass to the company's glass House in Espoo, we brought you a very candid, very live Q&A with CEO Stephen Elop -- recorded for posterity with the Lumia 920 -- as well as in-depth proofs of that handset's game-changing rear camera module. From side-by-side low light comparison shots with other leading smartphones to optical image stabilization tests and even a peek behind the Finnish outfit's R&D practices, we've got it all. So, if you haven't had time to catch up with this flurry of pre-launch news from behind the blue velvet rope, now's your chance. Just click on past the break for the full recap.
Visualized: Inside Rovio's HQ (video)
When in Helsinki, or rather Espoo, there's only one thing left to do after stopping by Nokia's glass House -- visit Rovio's HQ. That's right, the company made famous (and filthy rich) by flinging fowl is just a short walk away from Elop and co.'s waterside domain. And, in a bit of perfect timing, we were graciously welcomed into the gaming outfit's office on the eve of its Bad Piggies launch. As you might expect and hope, the walls, doors, floors, couches, desks, soft drinks and even bottles of hand lotion are adorned in all things Angry Birds. There's even a mock-up experience store -- populated with a variety of branded paraphernalia -- sitting pretty in pale green just outside a bank of cubicles. It's everything we ever imagined it to be. But don't just take our words for it. You can check it out for yourself in a video after the break. And now, we're really Finnish(ed).
iPhone 5 and Nokia Lumia 920 face off with image stabilization test (hands-on video, updated with Galaxy S III and HTC One X)
Nokia's Lumia 920 packs the industry's best image stabilization -- there's no questioning that -- thanks to a camera module that pairs both sensor and lens-based optical IS. The iPhone 5 also offers a notable improvement over its Apple-made predecessor on the video front, but considering that its stabilization is of the digital variety, we wouldn't expect it to top Nokia's new flagship. We had an opportunity to test both smartphones in a head-to-head demo at Nokia's research and development facility in Tampere, Finland, about two hours north of the company's Espoo headquarters. In fact, we're told that this is the very first such comparison shoot in the world, considering that the iPhone made it to market just last week and the only opportunity to shoot with a Lumia 920 is currently in the European country where the device was born. As expected, the Nokia phone was able to capture far smoother video than what we snapped with the iPhone, with both devices secured side-by-side in a homemade foam holster. Unlike our handheld interview shoot earlier today, we pushed the limits a bit further this time, running through Nokia's parking lot and turning every which way as well. It's important to note that the Lumia 920 we used was a prototype, but its performance was still quite solid. You'll find the side-by-side video just past the break -- the Lumia 920 is on the left, with the iPhone clip on the right.
The Engadget Interview (captured with Lumia 920): Nokia CEO Stephen Elop on WP8 and beyond
Do you know what's better than one interview with Stephen Elop? Two interviews in one month. We'd barely recovered from yesterday's bout of nostalgia when we were given the opportunity to sit down with Nokia's CEO in his office at the company's HQ. Better yet, we were allowed to record the discussion with a hand-held Lumia 920 prototype. The resulting video is remarkably stable. Full disclosure: the audio was recorded with a shotgun mic mounted on a Sony NEX-C3 camera. We talked about HTC's colorful "signature" Windows Phone 8X and 8S and what that means for the Nokia-Microsoft partnership. Next we asked if Nokia is planning to work with carriers to offer incentives for existing Lumia owners to upgrade to the company's 920 and 820 handsets. Finally, we discussed the evolution of PureView imaging technology from the 808 to the 920 and how Nokia plans to combine these building blocks in the future. Hit the break for our video interview.
Visualized: Nokia's Asha 308, 309 in-house lunchtime launch
Typically, when OEMs launch the next generation of their mobile wares, we're treated to painstakingly choreographed industry parties (that we chronicle in great detail). In fact, we can think of a recent one in particular that saw several tech journos corralled into a blue-hued freight elevator and then let loose on three levels of demos. Well, if you thought new product excitement began and ended with select press events or that executive-level enthusiasm was all just a by-product of intense media training, think again. As you can see from the image above, lunch time at Nokia's glass-walled HQ saw a crowd of curious employees noshing on the assortment of cafeteria delights while also sampling the newly announced Asha 308 and 309. It's that company-wide, inside-out passion for all things Nokia we've seen evidence of again and again throughout our time in Espoo. And because of that, we feel justified in saying there's clearly something in the Finnish water. Zach Honig contributed to this report.
Engadget visits Nokia House, walks down memory lane (video)
It's not the first time Engadget editors have stepped foot at Nokia House -- the company's HQ in Espoo, Finland -- but it's always a treat, and our visit this week is no exception. Today we took a walk down memory lane, and spent some time with several Nokia handsets -- from one of the very first mobile phones to the Lumia 920. We played with some of the more iconic models and designs, such as the 1011 (first GSM handset), 1610, 7700 / 7710 (S90), 7280 (lipstick phone), 770 / N800 tablets, N-Gage / QD, 3300, 8800, 8110 (from the Matrix movie), N93 / N93i, N91, N92, N76, N95 and finally the 7650 (the first handset running Symbian). In addition, we also got to handle some of the Lumia 820 and 920 accessories, including the Fatboy wireless charging pillow and JBL-branded Power Up speakers. Check out the gallery below then hit the break for our hands-on video. Oh, and don't forget to tune in tomorrow for our live Q&A with Nokia's CEO Stephen Elop.%Gallery-166392% Update: That music-centric handset which uses an IBM Microdrive is the N91 (not N90) and was announced in 2005 (not 1995), and that flip-phone is the N76 (not the N75) -- sorry for the slip in the video. Zach Honig contributed to this report.
Vringo buys small Nokia patent portfolio as asset sell-off continues
Nokia's sale of the century hour continues, selling off a small intellectual property portfolio to Vringo. The little-known app maker has snapped up a bundle of 500 patents and applications from the Finnish phone maker, including 109 issued US Patents. The collection mostly concerns backbone tech, including communication management, signal transmission and cellular infrastructure. Neither company mentioned a figure, but Vringo revealed that Nokia's getting a chunk of any future profits made. There's PR after the break if you're curious enough to wonder if Stephen Elop's planning the mobile phone equivalent of a yard sale.
Nokia's Q2 2012 financials: 4 million Lumias sold, $1.01 billion dollar loss
The past three months haven't been the best for Finland's former world number one. It hasn't been helped by the three biggest credit agencies lowering the company's bond rating to "junk," and the Lumia 900's violently slashed price. Unfortunately the latest results reveal continuing gloom: the manufacturer made an operating loss of $1.01 billion dollars for the quarter. The company managed to make €7.5 billion in sales ($9.2 billion, down .5 billion since the last quarter), shifting four million Lumia handsets in the process. In fact, the only cause for optimism is that sales of the Lumia range have roughly doubled each quarter. The number of handsets pushed out the door increased (thanks to the Asha range of budget phones) with the company selling 73 million phones. That said, the company has clearly failed to crack America, selling a paltry 600,000 handsets in the States. The cash pile has also continued to dwindle, with the piggybank currently standing at €4.1 billion ($5.1 billion), down from $6.3 billion in Q1, despite getting a further $250 million in kickbacks from Microsoft. Unsurprisingly, the prediction for the third quarter of the year was similarly dour, summed up rather euphemistically as "difficult."
Nokia's Q1 2012 financials: $9 billion in sales can't stop a $1.7 billion loss
Nokia's released the bundle of spreadsheets that comprise its 2012 Q1 financials, just a week after it acknowledged that it would make a loss, despite bullish sales of the new Lumia 900. The numbers reveal that the company had net sales of €7.4 billion ($9.7 billion), down from €10.4 billion ($13.6 billion) at the start of last year. Net sales are down 30 percent year-on-year, which means the company's posting a loss of €1.3 billion ($1.7 billion) for the first three months of 2012. That loss is broken down as €772 million to restructure Nokia Siemens Networks, €101 million to restructure the Devices & Services and Location & Commerce departments, principally in shedding employees and relocating its factories to Asia. It had forecasted an operating margin of three percent below "break even," and says it's likely to remain that way well into the second quarter. Stephen Elop pointed out that much of the loss is due to both increased competition and the costs of restructuring, but also seemed to tacitly confirm rumors we'd heard that UK carriers have been resistant to Nokia's new direction, saying that establishing momentum in the country has been "challenging." However, it's still promising to arrest the slump and in a statement to Moody's on Monday, the company pledged that it was prioritizing "cash conservation" exercises, although its liquid cash reserves have fallen 24% in a year, meaning that the company's only got €4.8 billion ($6.3 billion) put aside for a rainy day.
Nokia's Lumia 800 firmware update juices handsets, banishes battery issues
Still holding out on Nokia to squash any lingering battery bugs lurking inside your Lumia 800's beautiful shell? For some of you, today's your lucky day, as Espoo's just released a fresh batch of bits, which bring "significant improvements in battery performance and power management." We've seen version 1600.2487.8107 make the rounds once before, but previously when it was a Vodafone-branded variant -- which you may recall WPCentral discovered was responsible for an impressive 3x improvement (!) in battery life. Enhancements to audio are present in the build as well, with the company tweaking bass for "better voice quality" and your music enjoyment. Those ready to update should peep the Zune desktop software, although Nokia cautions not everyone will will get updated today, as coordinating across multiple carriers in different markets is like "herding sheep," resulting in a multi-stage rollout in the coming four weeks. More details, including a video on how to update, await at the source.
Nokia: 'We don't have a Plan B'
Wander into Nokia's corporate HQ and, if Victor Saejis is to believed, you'll be hard pressed to find any manilla folder bearing the legend "Plan B." The handset maker's European Manager told Swedish financial daily Dagens Industri that the company has no contingency plan in the event that Windows Phone loses out to Android and iOS saying that "Plan B is that Plan A is to succeed." It's a pretty unequivocal statement that Espoo's betting the farm on consumers embracing Microsoft's OS. Commenting on the company's recent troubles, the winding down of Symbian and the demise of MeeGo, he said "it's like starting all over again. But we must succeed in the U.S. if we are to succeed in the world" -- pretty honest, if a little disappointing to anyone who hoped there was an Android-powered white N9 lying in a Finnish skunkworks.
Nokia establishes stance on conflict minerals in formal policy
Recent weeks have seen a swell of interest in corporate responsibility, particularly with regard to technology manufacturing and supply chains. Last month, Apple CEO Tim Cook affirmed his company's commitment to ethically and environmentally sound practices, evoking sentiments that were echoed today in a similar announcement from Nokia. Seizing the opportunity to establish some goodwill among socially conscious consumers, the Finnish manufacturer has just released a policy outlining its philosophy on conflict minerals -- metals like gold, tungsten and tin that have played a direct role in fueling civil violence and unrest in the Democratic Republic of Congo. In the document (linked below), Nokia acknowledged that it doesn't play a direct role in obtaining these materials, but emphasized its strict traceability requirements. All suppliers, Nokia says, must provide detailed information on the sourcing of its metals, going back to the smelter phase, at a minimum, and even to the mine itself, if necessary. The company also highlighted its adherence to guidelines established by the EICC-GeSI Extractives Work Group, which both Apple and Intel have already joined. Granted, it's impossible for a single company to wipe out civil strife and human rights abuses in one fell swoop, but with this codified approach, Nokia hopes to at least "increase transparency, ensure responsible procurement by our suppliers and sub-suppliers, and drive positive change."
Microsoft paid Nokia $250 million to adopt Windows Phone, Q4 earnings report reveals
Microsoft and Nokia have historically been pretty tight-lipped about the value of their Windows Phone partnership, but the cat leapt out of the bag this morning, courtesy of Espoo's Q4 2011 earnings report. As SlashGear's Chris Davies noticed, Nokia received about $250 million from Redmond during the fourth quarter of 2011, as part of the companies' "broad strategic agreement." Under the agreement, the manufacturer receives so-called "platform support payments" from Microsoft -- which, in turn, receives software licensing payments from Nokia. The $250 million Microsoft doled out last quarter is the first of these transactions. All told, Nokia expects the payments both to and from Microsoft to total "in the billions of US Dollars."
Nokia releases Q4 2011 earnings report: operating profits drop, Lumia sales break one million
Nokia released its latest quarterly earnings report today, following up on a somewhat disappointing Q3 with a similarly bleak Q4. The Finnish manufacturer finished 2011 with a little more than €10 billion ($13.1 billion) in net sales -- 11 percent higher than Q3, but 21 percent lower than 2010, when Nokia raked in about €12.7 billion (approximately $16.7 billion). Operating profit, meanwhile, rose by 90 percent over Q3, but is still down on the year by a whopping 56 percent; this quarter, in fact, saw an operating loss of €954 million (about $1.3 billion). Its net cash and liquid assets also dropped by €1.4 billion over the year, marking a 20 percent decline. The general takeaway, then, is that things are looking better than they were last quarter, but worse than they were last year. To date, the company has sold "well over" one million Lumia devices, but this Windows Phone surge has apparently come at Symbian's expense. "In certain markets, there has been an acceleration of the anticipated trend towards lower-priced smartphones with specifications that are different from Symbian's traditional strengths," CEO Stephen Elop said in a statement. "As a result of the changing market conditions, combined with our increased focus on Lumia, we now believe that we will sell fewer Symbian devices than we previously anticipated." Looking forward, Nokia expects to break even during the first quarter of 2012, due in part to lower than expected seasonal sales and what it calls "competitive industry dynamics." For the full report, check out the source link below.
Nokia Lumia 710 official on T-Mobile: HSPA+ 14.4, 3.7-inch ClearBlack display, available January 11th for $49 on contract
Go ahead and take that holiday and even some time to celebrate because Espoo's ushering in the new year with the stateside bow of its Lumia 710. This lower-hanging Mango phone, which we first met at Nokia World, has already begun rolling out to markets worldwide in recent weeks and, now, is poised to enter the U.S. brandishing a Magenta banner and $49 on two-year contract price. That's right, T-Mobile has snatched up exclusive rights to the 3.7-incher, which is mostly unchanged from its initial unbranded incarnation, with the same 800 x 480 ClearBlack LCD display, 1.4GHz Qualcomm Snapdragon processor, 512MB RAM, 8GB of storage, 5 megapixel rear camera with single LED flash, WiFi and Bluetooth on board. Naturally, both parties have loaded the device up with a fair share of pre-installed apps like Drive, MS Office, ESPN, T-Mobile TV and Netflix, but you don't have to let that clutter up your clean live-tiled look -- it's all uninstallable. The mid-range handset also runs along the operator's HSPA+ 14.4Mbps network, so you're in store for some heady "4G" speeds should you decide to take the plunge this January 11th when it hits stores. Head on past the break for the official presser. %Gallery-141787%
Nokia Lumia 710 now shipping, global rollout slated for 'coming weeks'
It's been a few months coming, but today, Nokia announced that its Lumia 710 handset has finally hit store shelves in Taiwan, ahead of its broader international release. Priced at around €270 (or about $332), the Mango-laced handset will arrive in stores across Singapore, Hong Kong, India and Russia over the next seven days, before expanding to other global markets "over the coming weeks." The 3.7-inch device joins the Lumia 800 as Nokia's latest Windows Phone offering, though it remains to be seen whether or not it'll make its way to T-Mobile anytime soon, as earlier rumors indicated. For more details on the phone, check out Nokia's full press release, after the break.
Unlocked Nokia Lumia 800 now available on Expansys, plays nice with AT&T
You could sit there and twiddle your thumbs while you wait for the Lumia 800 to arrive on US shores. Or you could just head over to Expansys, where you can grab an unlocked version of Nokia's new handset, for $789. The Mango-soaked device comes packed with 16GB of internal storage and is primed for use on AT&T, so if you're prepared to shell out the dough, check out the source link below.
Nokia to release Windows 8 tablets this June, top drawer Lumia in the works?
There's some intriguing Nokia news coming out of France this morning, thanks to Paul Amsellem, head of the company's Gallic outpost. In a recent interview with Parisian daily Les Echos, Amsellem described Nokia's aspirations to regain some of the market share it's lost within France, explaining that his firm is squarely targeting the 60 percent of French users who currently don't own a smartphone. More salient, however, is what the exec had to say about Nokia's plans for future releases. According to Amsellem, Espoo will unveil a new Windows 8 equipped tablet by June 2012. Unfortunately, that's about all he had to say on the subject, but it's certainly enough of a carrot to raise our heart rates -- as are Amsellem's comments on the Lumia 800, which hit French stores yesterday. Comparing the handset to a BMW 5 series, the chief went on to say that Nokia "will soon have a full range with a 7 Series and 3 Series." He didn't elaborate much on this analogy, though its implication is rather self-evident -- new Lumia cousins may be in the works. Of course, it remains to be seen when and if the company will expand upon its Lumia line, though we'll definitely be keeping our yeux on it.
