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[3]: Disastrous but above expectations
by cdude on Fri 20th Jul 2012 19:43
in reply to "RE[2]: Disastrous but above expectations"
Member since:2008-09-21
What equals a lose of 8.1% compared to yesterday.
Meanwhile we get confirmation for the markets pesimistic view in Nokias feature. Fitch just downgraded Nokia from junk-state 2 more states down. Not 1, no, 2 more to toxic-state: http://online.wsj.com/article/SB10000872396390444330904577538622058...
Thats the next disaster news for Nokia. But it becomes even better. Read the link, with negative outlook! "it might cut the rating further."
"Nokia doesn't seem to have the products in its portfolio to stem the recent losses, Fitch said, adding that tough competition in the industry will probably make it hard for the Finnish company to re-establish a significant presence in the smartphone market."
Edited 2012-07-20 19:56 UTC
RE[4]: Disastrous but above expectations
by Nth_Man on Sat 21st Jul 2012 00:46
in reply to "RE[3]: Disastrous but above expectations"
Member since:2010-05-16
Thanks! I found that the Wall Street Journal has that article:
Nokia's Red Ink Worsens
http://online.wsj.com/article/SB10000872396390444464304577536440351...
An image from the article:
http://si.wsj.net/public/resources/images/MK-BV835_NOKIA_NS_2012071...
And some words from the article:
"Nokia remains in a downward spiral"
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Linked by Thom Holwerda on 05/19/13 23:11 UTC, submitted by Drumhellar
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Linked by Thom Holwerda on 05/18/13 21:06 UTC
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Linked by Thom Holwerda on 05/18/13 7:37 UTC
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Linked by fran on 05/18/13 1:38 UTC
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Linked by Thom Holwerda on 05/17/13 23:35 UTC, submitted by kragil
Ars nails it: "The answer is that Google did announce what amounts to a fairly substantial Android update yesterday. They simply did it without adding to the update fragmentation problems that continue to plague the platform. By focusing on these changes and not the apparently-waiting-in-the-wings update to the core software, Google is showing us one of the ways in which it's trying to fix the update problem."
Linked by MOS6510 on 05/17/13 22:22 UTC
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Linked by Thom Holwerda on 05/17/13 22:15 UTC, submitted by Tom
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Linked by Thom Holwerda on 05/16/13 21:41 UTC
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Linked by Thom Holwerda on 05/16/13 17:04 UTC
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2010-05-16
In Nasdaq ( http://finance.yahoo.com/q/bc?s=NOK&t=2y&l=on&z=l&q=l&c= ) yesterday Nokia was 1.85 and now is 1.70