Nokia have today announced a hefty loss on its overall earnings for the year ending December 2011. Nokia, which recently partnered with Microsoft to feature Windows Mobile on its range of smartphones, reported a loss of $1.4 billion in a sharp contrast to the $980 million profit it made in a similar period 2010. This loss is attributable to a cocktail of issues that conspired to hand Nokia the huge loss it has incurred. Top of these is the 29% drop in phone sales during 2011, a loss factor that …

Nintendo, the Kyoto-based game console maker behind the popular Wii game have reported a loss for the year ending 2011. In an earnings call, the company announced that it had sustained losses amounting to 48.35 billion yen or $627.9 million in the last nine months of 2011 ending December.
The game maker acknowledged that the losses had been occasioned by slipping sales of the 3DS game console that forced a price slash, a strong Japanese Yen that has the effect of eroding earnings made …

Extremely healthy sales of the iPhone has driven Apple to new heights as it reports that it had broken records with its performance report for the last three months of last year.
According to Apple on Tuesday, it sold 37 million units of the iPhone breaking records for the company and has shifted the share of Apple revenue among its devices.
With the success of the iPhone for the last quarter of the year, the device had accounted for more than half of Apple’s revenue with reports saying …

Following in the footsteps of Angry Birds, Fruit Ninja makers Halfbrick Studios have moved to consolidate their success with a line of plush toy fruity characters. The new line of toys, which the gaming company will produce in conjunction with Jazzwares Inc, will include plush toys, headphones, ear buds and speakers. Currently available on the store is Sensei, the “fruit slicing master” and available for pre-order are a likeable Watermelon and a Training Pack with more toys …

Steve Wozniak has conceded that he likes the Google-backed Android mobile operating system and even thinks it’s better than iOS on the iPhone in some aspects.
The comments were made by the Apple co-founder in a recent interview with The Beast’s Dan Lyons.
Nonetheless, the Woz does say that the iPhone is still his “primary phone” and that it is still the best phone for people “who are already in the Mac world” and those “who are just scared of computers altogether and don’t want …

Apple is shifting its supply chain strategy for its hot-selling iPhone smartphone and iPad tablet computer, a new report suggests.
According to frequent whistle-blower site DigiTimes, Pegatron is looking likely to increase its share of manufacturing iPad tablets while long-time supply chain partner Foxconn will be more focused on production of the iPhone.
“The sources pointed out that Apple will also start changing its outsourcing strategy and will have Pegatron primarily focus on production …

Apple may soon be releasing iPads and iPhones powered by quad-core processors, a new report says based on hints from the latest beta version of Apple’s iOS operating system.
The news comes via the website 9to5Mac, which said that the information from which the rumor of a quad-core iPhone and iPad from Apple is tucked inside Apple’s iOS 5.1 beta.
The site writes:

Reference to quad-core iOS devices which includes iPhones and iPads has been discovered within iOS 5.1 beta. Image: wilbertbaan …

Foxconn’s iPhone manufacturing facility is set to become the world’s biggest smartphone factory after the Chinese company completes a planned expansion of the plant.
According to a report from the China Daily, the expansion of the iPhone factory was revealed by authorities from China’s Henan province.
AppleInsider, which first got wind of the China Daily report, says that the Foxconn iPhone manufacturing facility will be double the size of its current operation after the expansion is …

Facebook for iPhone just received an update bringing the Timeline feature to the Apple smartphone.
The new version of the Facebook for iPhone app – version 4.1 – brings the Timeline feature and a couple other added changes to the now-old iPhone app.
The other changes are that friends lists are now on the black navigation bar and built-in support for the Facebook subscribe feature.
The version 4.1 app can work on the iPhone and the Apple iPod touch.
The new Facebook for iPhone app allows …

The man from San Francisco whose house was searched earlier this year as Apple and authorities were looking for a reportedly lost prototype of the next-generation iPhone may sue Apple, a report claims.
Back in July, it was reported that Apple has lost another prototype iPhone again this time in a “tequila lounge” located at San Francisco’s Mission District.
The news then was broken by CNet and now the publication is reporting that Sergio Calderon, the man whose house was searched in the …