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.
Thread beginning with comment 527393
To view parent comment, click here.
To read all comments associated with this story, please click here.
tomcat
Member since:
2006-01-06

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

http://www.theregister.co.uk/2012/07/16/nokia_lumia_sales_guesstima...

A very lucrative market.


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

Reply Parent Score: 3

tylerdurden Member since:
2009-03-17

[Citation Needed]

Reply Parent Score: 1

Radio Member since:
2009-06-20

Hey, strange coincidence: "Microsoft posts net loss of $492 million for Q4 2012 despite record revenue".
http://www.theverge.com/2012/7/19/3170390/microsoft-posts-net-incom...

Reply Parent Score: 2

cdude Member since:
2008-09-21

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