Thursday Feb 16, 2012 , Sony purchased the Ericsson‘s 50% stake in the joint venture company Sony-Ericsson for $1.46 Billion and made the company into a fully owned subsidiary of Sony Corporation. The company will be renamed soon as Sony Mobile Communications. Sony being the Japanese company and Ericsson being the Swedish company collaborated together and formed Sony Ericsson Company in the the year 2001. The joint venture company was…

Overview: Nokia being the World’s largest mobile phone manufacturing company has now teamed up with Microsoft which is world’s largest software manufacturing company and have produced a sleek and beautiful Smartphone called as Nokia Lumia 800. It is a crucial time for both these companies as they are facing the crunch time and the heat in the global market. Lumia 800 was released first in the month of Oct 2011…