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:

"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

cdude Member since:

AND they aborted everything to focus 100% on the 4 million sold Lumia. Symbian, which STILL,sold better, killed. S40, which sold far better but needs a refresh to keep that position, stay competative against Bada and Android, killed with the Meltimi-refresh. They put all there eggs, all cash on the product that sold most worse AND killed off all other products.

Reply Parent Score: 3

dsmogor Member since:

As far as S40 is concerned Elop is still investing in it, in fact it has recently been upgraded to touch as an efect of their Smarterphone company purchase.
Still they axed QT for phone strategy entirely.

Edited 2012-07-20 23:06 UTC

Reply Parent Score: 3