To read all comments associated with this story, please click here.
Its $250 million profit
Starting now Nokia doesn't get cash each quarter from Mirosoft any longer and Nokia needs to pay Microsoft in minimum $250 million each quarter for WP licenses. See Q4 report.
Also Nokia sold its headquarter for $200m. They cannot repeat that.
Nokia got $65 millions from RIM. A one-time happening too.
There goes the profit and comes the lose again in Q1.
Edited 2013-01-28 12:35 UTC
http://www.bloomberg.com/news/2013-01-28/nokia-bond-risks-endure-af...
"Excluding NSN, Nokia continued to burn cash in the fourth quarter, at a rate which is likely to increase in Q1”
“Cutting the dividend helps Nokia’s liquidity and they should have done it a year ago,” said Ping Zhao, an analyst at CreditSights Inc. in New York. “They need to cut costs further. Even though they made progress, the smartphone is nowhere near turnaround. It’s going to be a long and hard slog for them to get back.”




Member since:
2007-01-13
Elop has not destroyed Nokia. They actually made a $585 million profit last quarter.
BTW Nokia's core business is networks not phones.
http://www.theaustralian.com.au/business/breaking-news/nokia-posts-...