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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Not exactly Elop announced that the deal with Microsoft is WORTH billions not that Microsoft gave them billions. There is a huge difference. Worth billions means Nokia had to contribute to that too while in the other case Nokia would get something rather then only giving.
Looking at the Nokia stock and Q1 and Q2 numbers Elop was correct. That deal was worth billions. Nokia lost billions (he never wrote that they would get them).

Edited 2012-07-23 09:57 UTC

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