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Nokia’s buyout chances in focus ahead of results

  Next week could be crunch time for Nokia Oyj and its Chief Executive Stephen Elop in their battle to prove the Finnish mobile phone company can survive on its own. Investors will be scrutinising second-quarter results to see whether there’s enough cash to stay with a turnaround plan which Elop said would take two years but is now into …

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Grand Theft Auto V sales zoom past $1B mark in 3 days

Grand Theft Auto V has crossed the $1 billion gross sales mark after three days in shops, a rate sooner than every other video game, film or other leisure product has ever managed its creator Take Two Interactive Inc stated on Friday. The most recent installment of GTA, a cultural phenomenon that has sparked a national debate on adult content …

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One-third of advertising revenue came from mobile platforms: Facebook

Advertising revenue came from mobile platforms Last year around August, Facebook had started testing mobile advertisements for apps, and now the company has declared that around one-third of its advertisement revenue is coming from mobile ads. In its latest earnings release, Facebook said that out of $1.25 billion total advertising revenue, about $375 million came from ads installed on mobile …

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Nokia to trim loss as Lumia sales pick up

Lumia sales pick up Finnish mobile phone maker Nokia is expected to have trimmed its losses in the first quarter, thanks to rising Lumia smartphone sales and a turnaround at its equipment venture Nokia Siemens Networks (NSN). After falling behind Samsung and Apple in the smartphone race, Nokia is aiming for a comeback with the Lumia range, which uses Microsoft’s …

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