Linked by Thom Holwerda on Thu 19th Jul 2012 18:32 UTC
PDAs, Cellphones, Wireless Nokia just posted its quarterly results - including shipped devices - and it's not looking good. Massive losses, sales dropping, and no growth in Lumia sales in the US. The company is losing money hand-over-fist, and with Windows Phone 8 still months away, the company warns the next quarter will be just as bad.
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Disastrous? Hardly
by tomcat on Thu 19th Jul 2012 19:41 UTC
Member since:

"1.Nokia is working aggressively to cut costs, and cash conservation appears good.

2.Sales of Nokia smartphones rose 45 percent in North America, to 128 million. That’s the first such increase in longer than anyone would care to remember.

3.Nokia sold four million Lumias during the quarter, and that’s about a million more than some analysts had expected.

4.Discussing the company’s performance during today’s earnings call, CEO Stephen Elop hinted that Nokia may be the first handset maker to release a device running Microsoft’s forthcoming Windows Phone 8 mobile operating system. “Note that on the number of occasions when Windows Phone 8 has been demonstrated, it has been on a Nokia device,” Elop replied while dodging a question on this topic. “We have a close relationship that is unlike what anyone else has with Microsoft.”

Edited 2012-07-19 19:42 UTC

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