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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Only the cash reserve is above expectations. That are indeed very good news (I think Microsoft's money was a help there) cause it means they will have the time left to try WP8. Before a lot, including me, where assuming the cash problem would kill them off even before. That are good news but surviving a bit longer is not exactly the greatest news you could have come up with. Making profit and grow again (or at least shrink not any longer) would be. But there they are not above expectations. 6%,market share, tendency to continue downfall. Q3 to come and expectations where not upgraded (yet?). Q4 will be maybe a bit better depending if Microsoft can deliver in time and Nokia makes fast a good product. Earliest 2013Q1 but I doubt that they will be able to make profit again by that time. At least they have more time now to try.

Edited 2012-07-20 08:07 UTC

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