For many Americans, yesterday was not a good day. But April 15, the day that the “taxman cometh” is usually not the best days, especially for small business owners and the self-employed. This is usually a day when you write a check and send it off to the IRS, if you hadn’t already done so. Of course, with the recession tax time can be even more stressed filled.
But this year it wasn’t a small business or even a medium sized business that felt the sting of tax time, and actually it wasn’t even an American company. Finnish-based Nokia felt tax pains of another type. It was announced today that the company, which is still the world’s largest mobile phone maker in the world, saw its first quarterly pre-tax loss.
And while there have been signs that the worst is over Nokia is just one of many companies that has warned its investors to expect hard times to come. The company has predicted that the global mobile market could drop by 10 percent this year. The gray cloud to this – if there can be worse news – is that some analysts have predicted a market share drop of 15 percent for the rest of 2009.
Nokia has already announced plans to cut 1,700 jobs worldwide as part of its plans to reduce costs by 2010. Tax time, even if you don’t pay the IRS, can be bad world wide it seems.
AT&T Looks to Stay Exclusive with the iPhone
Nokia isn’t the only company facing tough times in the mobile sector. Carrier AT&T is in the process of cutting about 12,000 jobs and reducing capital spending by 15 percent. This comes as the company has seen the decline of its home phone business, and pricing pressures on mobile phone service.
The company has had one bright spot, it is the exclusive carrier of the Apple iPhone in the United States. And this week AT&T Inc.’s chief executive, Randall Stephenson, spoke to The Wall Street Journal, which reported that the company is now in discussions with Apple to get an extension on the exclusive deal to carry the iPhone in the U.S. through 2011. Under the current deal the iPhone will be available exclusively on AT&T through next year.
Keeping the iPhone exclusive – at least for a while longer – seems to be a must-do deal for AT&T. The phone’s popularity, plus the fact that Apple further helps sales with its inventive marketing campaign and rabid fans only makes it more in demand. Prior to the iPhone it could be argued many users never really bothered to change carriers to get their hands on a handset. The iPhone changed that, and while the T-Mobile G1 with Google Android is offering some competition, the iPhone remains a device that is redefining the marketplace.
Meanwhile, in other iPhone news, the company has released the iPhone SDK (Software Developers Kit) 3.0 beta 3 and iPhone OS 3.0 beta 3, each of which has been posted to the iPhone Dev Center. These versions are for development only and shouldn’t actually be installed on the handset.