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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Nelson
Member since:
2005-11-29

Look on the bright side, this is the end of the line for Nokia...


Only in the OSNews bizarro land, where up is down and down is up, does a profit of half a billion dollars mean the company is DOA.

Reply Parent Score: 1

cdude Member since:
2008-09-21

Its 1/4 billion and includes
* cheap dumps of WP7 Lumia written off in Q3 already.
* one-time incomes like RIM's patent-payments, sold headquarter and other assets like patents.
* WP8 and Asha channel stuffing, xmas sells, etc
* First time since 150 years no dividend was payed saving 700 million.

Also this was the last quarter Nokia got money from Microsoft. From now on Nokia has to pay the regular WP license fees.

I expect Q1 will be lose again. Call me wrong when we have the numbers.

Edited 2013-01-26 10:56 UTC

Reply Parent Score: 5

Nelson Member since:
2005-11-29


I expect Q1 will be lose again. Call me wrong when we have the numbers.


I don't think they'll post a loss in Q1 and I'll be glad to take you up on that.

Here's why:
- Nokia was already profitable in Q3 before their HQ sale.
- Nokia is supply constrained, which should be resolved by the end of Q1
- Nokia has launched Nokia Maps for all WP8 phones as of a few days ago, and should be receiving royalties from that
- Nokia will be spending less marketing dollars now that the ramp up is done
- Less restructuring costs and one time charges
- Strong Nokia Siemens growth
- Strong Asha growth
- Bigger pushes into China and more low end Lumia roll outs

I think their profit will be lower than Q4 2012 because of seasonality but I think they'll stay in the red.

Again, I think my track record on this is better than yours given that when Q3 numbers came out you were saying Nokia was dead while I was pointing out that they achieved non-IFRS profitability.

You said during Q3 that Nokia would be dead in four quarters. There are three quarters left and Nokia went from $78 million in profit to $585 million in profit.

So much for dead.

Edited 2013-01-26 11:09 UTC

Reply Parent Score: 2