Nokia, which issued a rare profit warning earlier this year amid competition from its rivals, predicted on Thursday that its third-quarter revenue and profits would be better than expected due to growing mobile phone sales, the first glimmer of good news for the besieged cellphone maker in months. \nThe world's largest mobile phone maker said that for the quarter ending Sept. 30, earnings per share would be between US$0.13 and US$0.16, compared with a previous estimate of US$0 to US$0.12 a share. \nBased on sales during July and last month, Nokia also said its revenue for the period would likely be US$8.3 billion to US$8.4 billion. In July, the company predicted its sales wouldn't top US$8.2 billion for the third quarter. \nThe announcement pushed the Finnish company's shares up 6.2 percent to close at US$13.60 on the Helsinki Stock Exchange. But analysts cautioned it was far too early to say if Nokia was in a position to shore up its market share and fend off rivals viewed as having more stylish and desirable phones. \n"This was good news for Nokia, but the competition is tough out there, much tougher than before," said Jussi Hyoty, chief analyst at FIM Securities. "And if Nokia wants to achieve the same overwhelmingly strong position it had earlier, which would be very difficult, then it really needs groundbreaking new models and clear alternatives." \nJust last year, Nokia said it wanted to reach a 40-percent share of the global market, but its hopes were dashed by rivals Motorola, Samsung, LG and Sony Ericsson, all of whom came out with models that consumers desired and undercut Nokia's share. \nSince then, Nokia chief executive Jorma Ollila has made it a priority to regain that clout with new models boasting better camera phones, easier connectivity to e-mail and the Internet and trendier designs. \nNokia said its own figures showed handset sales worldwide for the industry were up to an estimated 148 million. It expects that market to continue grow in Europe, the Middle East and Africa, but hold steady in Asia and the Americas. \nNokia is the bellwether of the mobile phone trade and still sells more than twice as many phones as its leading rival, US-based Motorola. But that wasn't enough stem market loss. Analysts have blamed Nokia for a lack of catchy designs and innovative new models -- like the hugely popular folding "clamshell" models -- and partnerships with operators. \nGartner Inc said in June that the Finnish company's global market share in mobile phones dropped to 28.9 percent in the first quarter of this year from 34.6 percent a year earlier. \nLast week, however, Gartner said Nokia sales had again picked up and that it reached 29.4 percent of the global market in the second quarter of the year. \nIt has introduced models like the 6230, which boasts a camera, video recorder and FM radio. \nAnother high-end model, a clamshell 6260 with a swiveling flip, has a video recorder, Web browser, e-mail and VPN, with Bluetooth network and an optional wireless keyboard. \nIn Shanghai on Thursday, Nokia unveiled three more handsets from its fashion collection, all inspired by 1920s styling and design, featuring the Nokia 7260, 7280 and the clamshell 7270, that blend old world art deco with an edgy, modern day twist.
HONG KONG SECURITY: The president blasted regulations requiring Taiwanese agents or political organizations to provide information on their Hong Kong-related activities President Tsai Ing-wen (蔡英文) yesterday warned of countermeasures should controversial Chinese national security legislation imposed on Hong Kong undermine or harm Taiwanese interests. Article 43 of the legislation empowers the Hong Kong Special Administrative Region to serve written notices to Taiwanese political organizations or individual agents to furnish information on their Hong Kong-related activities, including their personal particulars, finances, assets, expenditure and capital in the territory. Failure to comply or providing false or incomplete information can result in a fine of HK$100,000 (US$12,903) or imprisonment of six months or two years respectively. Tsai said that Taiwan would keep a close watch on how
PROBE LAUNCHED: An officer who served as a supervisor in the drill died in an apparent suicide after the accident, which was caused by unexpected waves Two marines who were on Friday injured in a military exercise in the waters off Kaohsiung passed away yesterday, Navy Command said. The marines — surnamed Tsai (蔡), 26, and a sergeant surnamed Chen (陳), 36 — were in a seven-member Marine Corps team that encountered rough seas during a simulated response to enemy forces landing on Taiwan. Their rubber craft overturned in waters off Taoziyuan (桃子園) beach in Zuoying District (左營), injuring four of the marines. They were rushed to hospital, where three of them — Tsai, Chen and a 34-year-old sergeant — were taken to an intensive care unit
MORAL COURAGE: The Ministry of Foreign Affairs urged the global community to face China’s intention to subdue Taiwan and reject such irrational requests The Ministry of Foreign Affairs yesterday strongly condemned the Chinese government for meddling with US officials’ interactions with Taiwan after FBI Director Christopher Wray revealed China’s efforts to discourage US officials from visiting Taiwan. The greatest long-term threat to the US’ information security and intellectual property, as well as its economic vitality, is China’s counterintelligence and economic espionage operations, Wray told a video event at the Hudson Institute in Washington. Beijing is engaged in a highly sophisticated and maligning foreign influence campaign, with methods that include bribery, blackmail and covert deals, he said. Giving an example, Wray said that when a US official
CAUTION: Taiwan had zero cases of death from food poisoning for six years until last year, when two people died after eating wildlife, an FDA official said The Food and Drug Administration (FDA) yesterday urged the public not to eat wildlife or unidentified wild plants, as they could be fatal, with nearly 7,000 people affected by food poisoning last year, including two deaths due to wildlife consumption. The number of food poisoning incidents increased by nearly 50 percent last year, from 398 cases involving 4,616 people in the previous year to 503 cases involving 6,944 people, FDA data showed. That figure was the second-highest in history, the FDA said, adding that the highest number was recorded in 1997, with 7,235 people. Among the 503 cases, 87 were food poisoning clusters