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 , the world’s biggest maker of mobile phones, promoted a 20-year company veteran to head a new smartphone division as it tries to stem customer losses to Apple Inc. and Research In Motion Ltd.
Nokia Oyj, the world’s biggest maker of mobile phones by units shipped, cut its smartphone prices in Europe by as much as 15 percent at the beginning of this month, according to analyst firm CCS Insight.
Nokia Oyj shares tumbled on Chief Executive Officer Stephen Elop ’s first day in the job on reports the world’s biggest maker of mobile phones is delaying shipment of the N8, its newest flagship smartphone.
Samsung Electronics Co., Asia’s largest electronics maker, probably overtook Nokia Oyj as the top handset seller for the first time, helped by the popularity of the Galaxy smartphones, according to analyst estimates.