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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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

tylerdurden Member since:
2009-03-17

Yet that is not what I asked.

ci·ta·tion /sīˈtāSHən/ Noun:
A quotation from or reference to a book, paper, or author, esp. in a scholarly work.

co·in·ci·dence /kōˈinsədəns/ Noun:
A remarkable concurrence of events or circumstances without apparent causal connection.

(in case the difference wasn't obvious)

Reply Parent Score: 1

B. Janssen Member since:
2006-10-11

Yet that is not what I asked.

ci·ta·tion /sīˈtāSHən/ Noun:
A quotation from or reference to a book, paper, or author, esp. in a scholarly work.

co·in·ci·dence /kōˈinsədəns/ Noun:
A remarkable concurrence of events or circumstances without apparent causal connection.

(in case the difference wasn't obvious)


You must have missed the part of the initial announcement of the Nokia-MS deal which said that MS will pay Nokia billions of $ over the next few years for development and marketing. Just search the internet for the Nokia-MS deal and you will have plenty of citations.

Reply Parent Score: 3

lucas_maximus Member since:
2009-08-18

Excluding the adjustment for the asset write-down, and the holding back of some income related to the launch of its Windows 8 system, Microsoft profits beat those expected by investors.

Shares were up 1.6% after the results were announced.


It ultimately depends how you calculate profit. It is not simply money made - money lost.

Reply Parent Score: 3