The four per cent drop in profits was greater than analysts had predicted and is down to the fact that the smartphone manufacturer is facing fierce competition across all markets.
At the Trust in the Digital World conference in Vienna, Microsoft's director of cloud identity & privacy services Ronny Bjones spoke about what needs to be done to restore faith in the cloud.
At the Trust in the Digital World conference in Vienna, solution strategist at CA Technologies Alfred Bach spoke about how the definition of corporate trust has shifted in the age of the cloud.
The firm, which recently got rid of its CEO, is talking to the likes of JPMorgan Chase & Co. in order to develop a strategy in order to prevent activist shareholders from taking hold.
The firm’s new finance will reportedly be made up of debt financing and comes ahead of an announcement on Wednesday that is expected to see the launch of a range of new products.
The smartphone manufacturer posted a loss of almost £40 million, almost 25 per cent more than analysts had predicted and the firm’s poor marketing is being blamed.