Latest Business News: Moment of Truth for Nokia

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Latest Business News: Moment of Truth for Nokia

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Latest Business News: Moment of Truth for Nokia

Wochit 1:07 mins

Nokia is scheduled to report its spring quarter ? and the stakes are very high. The substantial spring revenue weakness from BlackBerry and HTC implies that many second-tier brands are now in serious trouble with their brand new product launches. Billionaire activist Carl Icahn renewed his call for Dell Inc stockholders to vote against a buyout offer from Michael Dell, amid reports that the company founder might not win enough support for his bid. Dell shareholders are scheduled to vote July 18th on a plan laid out by Michael Dell and private equity firm Silver Lake to take the No. 3 PC maker private in a $24.4 billion deal. The smartphone market is already huge, but things are expected to get even better in the coming years. By 2017, worldwide smartphone shipments are expected to hit 1.5 billion, new data from research firm IHS suggests. By the end of this year, IHS expects smartphone shipments to reach 700 million units

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