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Articles tagged with: cut

Nintendo Takes 40% Off 3DS Price Tag

Nintendo is already going down the success slope because of poor sales of its recently released 3D gaming console, Nintendo 3DS. This has put Nintendo in some serious trouble. In order to manage the company so that it doesn’t become bankrupt, Nintendo is forced to cut the price of its gaming console in two of the major regions of its availability.

Nintendo 3DS was initially sold for 25000 yen in Japan and for $249-99 in US. It seems that in order to cover the manufacturing costs, Nintendo has reduced the price of their console by as much as 40%. The same console which was sold for 25000 yen would now be available for 15000 yen in Japan and for approximately $150 in US.

Nokia Cuts 7,000 Jobs Due To Bad Quarter

Nokia has been through a lot of waves recently, and today the world knows the outcome. Nokia has announced today it will cut 7,000 jobs as a “result of its Microsoft Windows Phone agreement” and outsourcing Symbian handset software. This represents 12% of the company’s handset employees and will likely save Nokia $1.5 billion dollars.

Nokia’s CEO, Stephen Elop noted that the competitive environment has changed rapidly, implying that Nokia must change with it in order to be successful. The cuts include 4,000 layoffs and 3,000 job shifts to Accenture.