A word leaked out via Kara Swisher's BoomTown blog has suggested that Yahoo is planning to join hands with Nokia. In a press conference invite, sent last night, Yahoo said that it is going to make an exciting announcement.
The leaked information also hints that Yahoo and Nokia will make a joint announcement for their collaboration, giving way to Yahoo email, search and other apps to run on Nokia smartphones.
The deal between the two giants will be named as "Project Nike". It also suggested that Yahoo is in talks with Samsung as well considering another deal wherein it will be able to run its software in Samsung handsets.
According to the data gathered from Garner, the smartphone sales in the first quarter was around 50% while it was reported to be 17% overall.
Although, this is not the first time when Yahoo has teamed up with a mobile phone giant, but given Nokia’s huge market share, the deal amount is expected to be surprising.
However, Nokia has lost 1.2% market share in the last couple of years. This implies that Nokia will be facing a tough competition from other smartphones including the iPhone or HTC.
On a disappointing note, the Symbian operating system which supports most of the Nokia phones has been losing value, suffering a 44.3% reduction in the first quarter. On the contrary, Android has slipped just by 1.6% and the iPhone by 10.5%.
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