Category Archives: finance info

NOKIA AND THEIR BIGGEST LOSS

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Mobile phone company Nokia announced a huge loss in the first quarter of this year.

Nokia revealed a net loss during the first three months of 2012 reached 1.2 billion U.S. dollars.

Nokia Chief Executive, Stephen Elop, said the company is facing much tougher competition from other companies.

“Over the past year which we apply the strategy has paid off. But the challenges and competition that we faced were far greater than expected,” said Elop.

“We recorded a good performance in a number of markets, including in the United States, but took other markets were not as easy as we thought,” said Elop.

He explains the rapid changes in the global telecommunications industry Nokia should continue to make the transition quickly.
Leave Symbian

Under the leadership Elop, Nokia make changes slowly left the Symbian operating system and install Windows on their smart phones.

Named Lumia, Nokia launched a mobile phone Windows operating system in October last year.

Analysts say Lumia has not managed to establish a position in the smart mobile phone market as handset sales data shows this class dropped to 12 million units in the first quarter of this year, while the year before Nokia managed to sell 24 million smart phones.

Overall Nokia sold 83 million phones in the period, down from 108 million were sold on the Nokia 2011.

Responding to sluggish consumer responses to Lumia, which sold two million units worldwide, Elop said was a clear sign that Nokia needs to implement a more aggressive strategy.

Nokia is still the largest cell phone maker in the world, but the popularity of smart phones made ​​by Samsung and Apple makes Nokia market share continues to shrink.

ASIA STOCK: DOWN

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Asian stocks fell on Monday, March 12, 2012, as investors waited for the moment the U.S. employment data, which could lower the expectations of policy easing ahead of U.S. Fed meeting. Meanwhile, fears of a slowdown in China’s economy is also an additional negative sentiment.

As quoted by Reuters, MSCI Asia Pacific excluding Japan fell 0.3 percent after rising as much as 1.3 percent on Friday – though down 1.5 percent in the week.

Japan’s Nikkei index rose on average to its highest level in early trade on Monday, after rising 2 percent on Friday to the summit at 10,000 level for the first time in seven months.

Greece managed to avoid the immediate threat of an uncontrolled standard when a number of private creditors agree to exchange the bonds on Friday that would cut the public debt and provide a path for a new bailout.

While Europe’s debt-related concerns will not fade with the completion of the debt swap Greece. According to Barclays Capital analyst’s current focus is likely to change to global growth and monetary policy.

Data last week showed China’s trade balance fell U.S. $ 31.5 billion in February. It shows weak foreign demand.

5 REASONS: WHY WE NEED FINANCIAL PLANNING?

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financial planning tips1. To protect ourselves and our families from financial risk

In the life cycle of course there were times the rising and falling levels of life, and can not be denied, wherever our life situations, certainly relate to money. Ups and downs of the financial situation can still be solved with the help of a professional.

2. For the cost of raising children

Every parent will want to provide the best for their children. Therefore, a sizable portion of household budgets in the cost of raising children that can last about 20-25 years before our children can pay for itself.

3. For the purchase of assets, from cars to home

The home is a major asset that should be owned by someone, other than for use as a residence, the house also becomes an asset whose value is increased from time to time. The second asset is a must-have vehicles. A comfortable life of the vehicle is 5 years. So, like, every 5 years we need to replace our vehicles.

4. To be able to enjoy retirement with a comfortable standard of living

Retirement is a time for us to enjoy a break from work. Obviously we want to enjoy a comfortable standard of living. But from where we can get enough money to pay pensions as we want?

5. To finance the purchase of insurance policies

All the assets we already collect is to satisfy all the needs of family life, but imagine if one day an accident, illness or death, so that we can no longer pay for our family. To protect the economic value of someone who is a source of family income is by insurance.