Linked by Thom Holwerda on Thu 19th Jul 2012 18:32 UTC
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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RE[2]: Where is the "wow factor" with Nokia?
by winter skies on Fri 20th Jul 2012 01:05
in reply to "RE: Where is the "wow factor" with Nokia? "
Member since:2009-08-21
As I pointed out earlier in this thread, Nokia sold 125M smartphones (and of those 4M were Lumias). Nokia doesn't need to be #1 to be a viable competitor in the smartphone market.
These numbers speak very clearly about how well their strategy is working out. It is a complete disaster and anyone trying to deny its gravity is out of his mind.
I could understand and be supportive of a bold strategy if it hadn't thrown away all that was good in Nokia and basically outsourced all software development to others (read: MS - I'm not even talking about Accenture taking care of the last days of Symbian). It was a crime - I'm repeating myself, but I can't believe this is happening before our eyes, and above all before the eyes of Nokia's BOD and the Finnish government.
A software and hardware company (with a promising new OS on two promising new high-end smartphones among the other things - along with the good location-based services we all know and Elop will always blabber about) - has been downgraded to OEM status in an era when pure manufacturers are struggling more and more. Insane. If I were a Finn, I'd be mourning over a company that still is an European pride and over the loss of workplaces.
I still hope things will turn around and I'd like to see what a change in this clueless top management would bring.
RE[3]: Where is the "wow factor" with Nokia?
by tomcat on Fri 20th Jul 2012 04:03
in reply to "RE[2]: Where is the "wow factor" with Nokia? "
Member since:2006-01-06
These numbers speak very clearly about how well their strategy is working out. It is a complete disaster and anyone trying to deny its gravity is out of his mind.
Read for comprehension, and try to pretend that you're not a Google or Apple fanboy for a minute. Again, Nokia sold 125M smartphones. That's not a "complete disaster", unless you only define success as being #1 or #2 in the smartphone market; which Nokia doesn't need to do, at this stage of the game.
Edited 2012-07-20 04:06 UTC
RE[3]: Where is the "wow factor" with Nokia?
by dsmogor on Fri 20th Jul 2012 23:01
in reply to "RE[2]: Where is the "wow factor" with Nokia? "
Member since:2005-09-01
RE[2]: Where is the "wow factor" with Nokia?
by D-Master-D on Fri 20th Jul 2012 05:38
in reply to "RE: Where is the "wow factor" with Nokia? "
Member since:2012-04-05
Lolz - you keep saying that!
Nokia sold 10.2 million smartphones - not 125 million! :-O
The company's sales revenue increased 45% to $123 million for the quarter - I think that's where you keep getting mixed up.
125 million smartphones would be more than Apple and Samsung combined ;-D
RE[3]: Where is the "wow factor" with Nokia?
by dsmogor on Fri 20th Jul 2012 06:41
in reply to "RE[2]: Where is the "wow factor" with Nokia? "
Member since:2005-09-01
News
Linked by Thom Holwerda on 05/23/13 17:52 UTC
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Linked by Thom Holwerda on 05/22/13 13:38 UTC
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Linked by Thom Holwerda on 05/21/13 15:53 UTC
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Linked by Thom Holwerda on 05/20/13 22:43 UTC
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Member since:
2006-01-06
As I pointed out earlier in this thread, Nokia sold 125M smartphones (and of those 4M were Lumias). Nokia doesn't need to be #1 to be a viable competitor in the smartphone market. What they need to do is scale their costs down to meet their market share; then, they'll see positive growth in revenue.