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

Reply Score: 3

RE: Disastrous? Hardly
by tylerdurden on Thu 19th Jul 2012 20:29 in reply to "Disastrous? Hardly"
tylerdurden Member since:

So Nokia's quarter results are not that bad, because they may or may not be the 1st manufacturer to offer a new iteration of an OS which just achieved single digits market share currently. Is that it?

Edited 2012-07-19 20:30 UTC

Reply Parent Score: 8

RE[2]: Disastrous? Hardly
by MollyC on Fri 20th Jul 2012 03:35 in reply to "RE: Disastrous? Hardly"
MollyC Member since:

If you can read, then you know that wasn't the only point. There were three other points you chose to ignore, just so you could make your disingenuous comment. And I bet you felt real clever about it too, that's the sad part.

Edited 2012-07-20 03:36 UTC

Reply Parent Score: 1

RE: Disastrous? Hardly
by fretinator on Thu 19th Jul 2012 20:45 in reply to "Disastrous? Hardly"
fretinator Member since:

No, they're definitely not dead yet. They have a pulse of 20, an Oxygen saturation of 40% and no brain-wave activity. But they're not dead.

Reply Parent Score: 14

RE: Disastrous? Hardly
by cdude on Fri 20th Jul 2012 08:23 in reply to "Disastrous? Hardly"
cdude Member since:

1. I do not see how this are good news? Its a prove that they failed and do not expect to come back to where they where before.

2. 45% sounds impressive. But that means what? 600k sold devices with AT&T and T-Online as partners and a huge marketing push and lot of cash burned for that? In Microsofts home market? With,close to no,WP7 competition? More a failure, far below expectations, no comeback in US yet.

3. Some predicted -1 million sold Lumia. Hey, we are 5 million above expectations! Remember Gartners expectations? :-)

4. "may the first" ... "demonstrated on Nokia device"
That changes everything! Microsoft demonstrates WP8 on Nokia phones and maybe the will be ahead of competition to bring a WP8 device to market by some days! Customers cannot say no to such clear reasons why Nokia is better then competition! They just did not know when (not) buying Lumia before! That dump customers, just ignoring our billion marketing offensive but with those 2 simple arguments they cannot any longer! They NEED to buy us now!

If this are the only points made then I have no doubt, Nokia is going to make it! Make it into the next failure. But maybe they expect that already and so are above expectations already no matter what?

Edited 2012-07-20 08:39 UTC

Reply Parent Score: 2