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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Member since:

»It costs $450 in marketing to make someone buy a $49 Nokia Lumia«

A very lucrative market.

and who's paying that marketing cost? Hint: Starts with "M".

Reply Parent Score: 3

tylerdurden Member since:

[Citation Needed]

Reply Parent Score: 1

Radio Member since:

Hey, strange coincidence: "Microsoft posts net loss of $492 million for Q4 2012 despite record revenue".

Reply Parent Score: 2

cdude Member since:

Microkia? Microsoft and Nokia are both burning cash on that. Elop himself admitted that Nokia was allocating 3x the money for there previous biggest marketing push. Plus the price-drops, the $100 discount for Lumia900, the free phones for AT&T sales, etc. So, its not Microsoft alone but also not Nokia alone.

Edited 2012-07-20 08:51 UTC

Reply Parent Score: 1