Linked by Thom Holwerda on Fri 25th Jan 2013 14:20 UTC
PDAs, Cellphones, Wireless Buried deep within Nokia's press release about its financial results, there's a line that pretty much signals the end of one of the most popular and successful mobile operating systems in history. With Nokia retiring its use, Symbian is no more.
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przemo_li
Member since:
2010-06-01

Go check data first.

Nokia grew (in smartphones) 10% in the last 6 months.

(Smartphone) Industry in same 6 months? 57%.

2y ago Nokia had 29% of SMARTPHONE market.

Now ? 3%

Its fastest demise for any company from Top500 list.

And before you are happy with "profitability"

Avrg. loss made per (Smartphone) handset is around 22%...

Nokia LOSE 1/5 of the price of each Smartphone it sell.
And they do not have stockpile of HQ's for sale.

Reply Parent Score: 4

Nelson Member since:
2005-11-29

Go check data first.

Nokia grew (in smartphones) 10% in the last 6 months.
(Smartphone) Industry in same 6 months? 57%.


I'm unsure what you're trying to say by this? That Nokia isn't growing as fast as it should? I don't dispute this.

It certainly does not mean they are dying, again, as evidenced by their SECOND quarter of profitability on a non-IFRS basis.


2y ago Nokia had 29% of SMARTPHONE market.

Now ? 3%

Its fastest demise for any company from Top500 list.


And? This was happening, at a dramatic rate, already, prior to the Microsoft deal. Nokia was in free fall. Like I said, Mr. Elop put a ground under Nokia.

Its not hard to see why. Symbian sales are collapsing. It is not that Lumia sales are tanking. They're showing strong QoQ and YoY growth.


And before you are happy with "profitability"

Avrg. loss made per (Smartphone) handset is around 22%...


Nokia's ASP rose 22% QoQ and 30% YoY. Again, showing that Windows Phone sales are replacing that of Symbian.

So they lost 66% of their volume Year over Year while increasing their ASP by 30% YoY. Without Windows Phone, this would've been a dramatically worse situation.

Nokia has respectable Gross Margins on their Smart Devices, which tell me that a lot of associated costs are with marketing ramp ups, which isn't a fixed cost over the year.


Nokia LOSE 1/5 of the price of each Smartphone it sell.
And they do not have stockpile of HQ's for sale.


I'm having serious trouble finding anything to back that up inside of Nokia's financials. Have you done the research yourself to confirm this is true?

Reply Parent Score: 1