LG Electronics 2Q net profit plunges, sales fall

(AP) -- LG Electronics, a top global manufacturer of mobile phones and flat-screen TVs, said second-quarter net profit plunged as sales declined and its mobile phone business remained in the red.

Nokia abandons Japan market

Nokia Corp., battered by the popularity of smartphones, is abandoning the Japanese market, after a brief foray with luxury cell phones costing as much as 20 million yen ($250,000).

New Samsung phone to face stronger competition

Samsung Electronics is taking to the Big Apple to reveal its next big challenge to Apple Inc.: a successor to its top-selling Galaxy S III smartphone.

Microsoft to face many questions from analysts

Amid the largest corporate restructuring in its nearly 40-year history, and what is viewed by many as a risky $7 billion acquisition of Nokia Corp.'s mobile-handset business, Microsoft Corp. meets with Wall Street analysts ...

Nokia launches its cheapest phones at $30-$35

(AP) -- Nokia on Thursday unveiled its two cheapest cellphones to date aimed at attracting users in the low end market as it fights increasing competition from Asian manufacturers.

Android extends dominance in smartphones worldwide

Got an iPhone? You're in the minority. There were four Android phones for every iPhone shipped in the second quarter, research firm IDC said Wednesday. That's up from a ratio of 2.5 to 1 in the same period last year.

Nokia Siemens to lay off 17,000 worldwide

(AP) -- Nokia Siemens Networks is slashing 17,000 jobs worldwide by 2013 - nearly 23 percent of its work force - as it strives to cut costs by euro1 billion ($1.35 billion).

Samsung says 2nd-quarter operating profit fell

(AP) -- Samsung Electronics' profitability slumped in the second quarter as strong performance in fast-growing smartphones could not overcome weakness in liquid crystal displays.

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