Nokia Oyj’s North American chief, Chris Weber, was named head of sales in Chief Executive Officer Stephen Elop’s biggest management overhaul, taking on the task of winning buyers for the new flagship Lumia phone line.
Nokia Oyj, attempting a turnaround in North America after losing most of its smartphone market share, plans to expand on its initial deals with carriers AT&T Inc. and T-Mobile USA, the Finnish company’s regional executive said.
Nokia Oyj , the world’s biggest maker of mobile phones, tumbled the most in almost 19 months on investor concern that a partnership with Microsoft Corp. won’t be enough in its battle with Google Inc. and Apple Inc.
Nokia Oyj’s biggest U.S. release in years started with a glitch that led the company to give customers a $100 credit on their phone bills, effectively reducing the price of its high-end Lumia 900 smartphone to zero.
Nokia Oyj reduced its earnings forecast for the second time this year and said it will cut as many as 10,000 more jobs and shut production and research sites in Chief Executive Officer Stephen Elop’s biggest overhaul.