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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winter skies
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.

Reply Parent Score: 3

tomcat 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

Reply Parent Score: 1

tony Member since:
2005-07-06

"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. 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.
"

They didn't sell 125M smartphones in Q2, it sold around 10 million, and most where older Symbian.

Reply Parent Score: 3

dsmogor Member since:
2005-09-01

Funny fact: Nokia's most SW engineering now goes into developing WP7 apps which will work on other WP devices in a couple of months.
I this is not working in competitor best interests I don't know what is.

Reply Parent Score: 2