Microsoft Corp. was recently in advanced discussions with Nokia Corp. about a purchase of the Finnish company’s device business, according to people familiar with the matter, in a marriage that could have reshaped the mobile-phone industry.
Qualcomm is already the biggest player in chips for mobile phones, with annual revenues topping $19 billion. Now it is invading another major chunk of the market, spooking investors in several other companies.
Global mobile phone sales declined by 1.7 percent in 2012, hit by tough economic conditions, shifting consumer preferences and intense market competition, industry research firm Gartner said Wednesday.
Americans are growing increasingly comfortable using their mobile phones to conduct basic financial transactions, sending banks racing to offer new technology that will cut down on costly customer-service calls and branch visits.
The U.S. government spent about $2.2 billion last year to provide phones to low-income Americans, but a Wall Street Journal review of the program shows that a large number of those who received the phones haven’t proved they are eligible to receive them.
Panasonic Corp. said Friday its net loss in the fiscal fourth quarter grew more than tenfold from a year earlier, as ongoing struggles at its television operations and a tax-related charge pushed the Japanese electronics conglomerate to its biggest annual loss in its 77-year history.