Tech Business Review: Qualcomm Processor GOES To Korea, Nokia UNWRAPS New Phones

Qualcomm Inc. (NASDAQ:QCOM) says that its APQ8064 application processor will be used by the South Korean mobile phone manufacturer LG in an upcoming smartphone. This processor has topped competitors like Nvidia Corporation’s (NASDAQ:NVDA) Tegra 3 in benchmarks. Along with the performance of the MSM8960 baseband/app processor, this feat might show that Qualcomm’s research and development expenditures have made for a performance edge. Observers wonder now at the extent to which consumers will see the benefits of the extra horsepower.

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Sony Mobile Communications (NYSE:SNE) confirms that it intends to slash some 15 percent of its workforce (1,000 jobs), by March of 2013 as it tries to return to profitability. In addition, Sony Mobile will transfer its headquarters from Lund, Sweden, to Tokyo. The company plans to eliminate some 650 positions in Lund, and the office there will now concentrate on software and application development.

Nokia Corporation (NYSE:NOK) will unveil two Windows Phone 8 devices on Sep. 5th according to sources to The Verge. One, which is code-named Arrow, will be a costly device that, just as the Lumia 900, will at the beginning be exclusive to AT&T Inc. (NYSE:T). The second product, code-named Phi, will be priced at mid-range, and will be available at both AT&T and T-Mobile.

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