Linked by Thom Holwerda on Wed 11th Apr 2012 21:05 UTC
PDAs, Cellphones, Wireless "Shares in Nokia plunged 17% after the mobile phone giant surprised investors by saying it expected to make losses in the first half of 2012. The Finnish company said competition in the industry had led to lower sales particularly in India, the Middle East, Africa and China. Nokia had previously expected to break even in the first quarter." And just when you thought it couldn't get any worse, the Lumia 900 is suffering from a software flaw, and the company has started offering $100 in compensation. Not a good start for such an important flagship device.
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TLTL
by siki_miki on Thu 12th Apr 2012 08:41 UTC
siki_miki
Member since:
2006-01-17

So instead of a simple over-the-air fix they are giving devices for free. It seems they desperately want to sell them, they probably have a huge stock of unsold phones. A pity that it's not popular because build quality and sexyness of the phone is great, beats almost everything else right now. I think we might see Nokia join the Android bandwagon if sales don't take in this year (I bet they already have a team working on it).
I think their next chance is WP8, if Microsoft outdoes themselves with it.

Reply Score: 2

RE: TLTL
by ricegf on Thu 12th Apr 2012 09:58 in reply to "TLTL"
ricegf Member since:
2007-04-25

Refunding the full purchase price of the Lumia is either a desperation move due to huge unsold inventory, or a great PR move by a company that recognizes this year is their only shot to make their new strategy a success. I tend toward the latter, but time will tell.

Microsoft's $1B check pretty much guarantees that Nokia will never build an Android phone. Rather next year (you read it here first) they'll introduce an ill-fated Win 8 tablet to complement their phones, fire off a volley of patent lawsuits against Android makers, then be acquired by Microsoft who will abandon their other Windows Phone licenses (see "Plays For Sure") and try to go solo against Apple mano-a-mano, with the same success as Zune had against iPod. Nokia will then become just a bit of reminiscence on Wikipedia.

Sad for a once great company. *sigh*

Reply Parent Score: 5

RE[2]: TLTL
by Nelson on Thu 12th Apr 2012 10:33 in reply to "RE: TLTL"
Nelson Member since:
2005-11-29

While you're predicting the future , mind grabbing me the lotto numbers ?

Reply Parent Score: 2

RE[2]: TLTL
by moondevil on Thu 12th Apr 2012 20:06 in reply to "RE: TLTL"
moondevil Member since:
2005-07-08

Sad for a once great company. *sigh*


As a former employee it saddens me to see this happen to a company that used to have a great working environment.

Reply Parent Score: 2