Latest news with #MobileWorldLive
Tahawul Tech
4 days ago
- Business
- Tahawul Tech
Nokia lowers 2025 profit outlook
Nokia recently lowered their 2025 profit projections in light elements beyond their control such as the impact of increased currency and U.S. tariffs ahead of their Q2 results announcement. Ahead of its second quarter earnings announcement, the Finnish vendor stated it felt 'it is prudent at this point' to lower its outlook from a range of €1.9 billion to €2.4 billion to €1.6 billion to €2.1 billion. Nokia explained that since providing the guidance on 30 January, a weaker US dollar was causing a negative impact of around €140 million operationally and €90 million for non-cash venture fund currency revaluations. In addition, the current landscape caused by US President Donald Trump's tariffs means it expects a hit of around €50 million to €80 million on operating profit. Its guidance for free cash flow conversion from comparable operating profit remains at 50 per cent to 80 per cent. The change to its outlook represents one of the first major moves made by CEO Justin Hotard, who replaced Pekka Lundmark in April. Hotard told the Financial Times in April he would 'absolutely entertain' increasing Nokia's manufacturing in the US to better deal with the tariff landscape. Based on preliminary numbers, Nokia added it expects to report net sales of €4.6 billion, a 2 per cent increase year-on-year. Operating profit is expected to show a decline to €300 million from €423 million. Source: Mobile World Live Image Credit: Nokia
Tahawul Tech
4 days ago
- Business
- Tahawul Tech
Apple unveils AppleCare One subscription plan
Apple is bundling coverage under a single monthly subscription including a new multi-device protection plan, AppleCare One. These plans align with previous efforts to drive growth in its services business. The new plan enables users to cover up to three Apple devices, including iPhones, iPads, Apple Watches and Apple TV units, for $19.99 per month. Additional devices can be added at a cost of $5.99 each per month and customers will be able to mix models and product categories without affecting the base monthly fee. The new plan, available in the US from 24 July, includes unlimited accidental damage repairs, battery replacements, round-the-clock customer support and now extends theft and loss protection beyond the iPhone to cover iPads and Apple Watches. Apple stated the service offers a cost-saving alternative to individual AppleCare+ plans, with the potential to save users up to $11 per month when covering multiple products. Users can enrol in AppleCare One through their devices or at Apple retail locations. The service can also be applied to existing products up to four years old subject to a diagnostic testing and photo checks to confirm the device's condition, expanding beyond the current 60-day purchase window tied to AppleCare+. The plan will also automatically update to cover new devices when users trade in old ones. While the company will continue to offer its standalone AppleCare+ plans, Bob Borchers, VP of worldwide product marketing at Apple, stated the new plan is built on the 'trusted foundation of AppleCare+,' and offers 'simplicity and exceptional value.' Source: Mobile World Live Image Credit: Apple
Tahawul Tech
21-07-2025
- Business
- Tahawul Tech
Amazon announces job cuts across its AWS Unit
Amazon is said to have cut hundreds of jobs in its Amazon Web Services (AWS) unit, as the company continues to invest billions in its data centre infrastructure as part of an AI push. Reuters reported Amazon confirmed the job cuts, but it did not provide an exact number. The news agency reported in June Amazon CEO Andy Jassy warned the use of generative AI would lead to a reduction in its workforce. 'We've made the difficult business decision to eliminate some roles across particular teams in AWS', a representative for Amazon told Reuters. 'These decisions are necessary as we continue to invest, hire, and optimise resources to deliver innovation for our customers'. Several impacted employees told Reuters yesterday (17 July) they had lost their jobs and their computers were deactivated. Amazon spent $24.3 billion on capex in Q1, down from $26.3 billion a year ago. For the full year of fiscal 2025, Amazon expects to outlay $105 billion in capex which will primarily go towards AI capabilities and AWS expansion. Source: Mobile World Live Image Credit: Amazon
