Another one of my favorite phone companies. The Nokia N97 will be released tomorrow at the US Flagship stores located in New York and Chicago. There is already a long waitlist for the release of the phone. On top of that the phone is a whopping $699.00! Sure it looks sleek and clean, but I would imagine within a few month you can get the phone for a bit cheaper. Also I would wait it out to see what consumers say about the new phone that will release tomorrow.
Although Nokia made a profit of $166 Million this past quarter, they still suffered from a tremendous profit drop. Last year they raked in 1.6 billion the first quarter, meaning they had a 90% profit drop. We have to give it to them. While other companies have been picking up the pieces and try to hold on during this recession, Nokia is still making profits. Though their profits now may not be substantial like it was before, people should be ecstatic that they are not going bankrupt. Keep doing your thing Nokia!
Nokia just announced that they will cut 1,700 jobs in the corporate development and global functions department. Nokia says that the cuts are a result of the demand for their products. Lets just hope that the people losing their jobs can find something quick!
Hip Technology 