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


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

UltraZelda64 Member since:
2006-12-05

Who would've guessed... you shut down your production and research sites in various countries, get rid of your employees, even sell your main headquarters, and you make a little bit of profit! After you've cut thousands of jobs around the world and shut down or sold your properties, suddenly your loss of profit becomes lower: there is no one left to pay and you're left with fewer taxes and property expenses to have to pay.

Once all of their property and talent is sold, at best, Nokia will only be a shadow of their former self. They might as well just end themselves now, just have Kamikaze Elop hurry up and finish what he started. End the company's pain and suffering. They won't really matter in the end at this rate.

Reply Parent Score: 3

Nelson Member since:
2005-11-29

Yes basically, Elop has restructured Nokia and made it leaner and more efficient than before. I honestly can't believe you're arguing against cost saving measures.

Elop has positioned his company to be more financially secure and as a result has ensured the continued execution of the transition.

What was your excuse last quarter? What will be your excuse next quarter?

Reply Parent Score: 2

Soulbender Member since:
2005-08-18

Who would've guessed... you shut down your production and research sites in various countries, get rid of your employees, even sell your main headquarters, and you make a little bit of profit! After you've cut thousands of jobs around the world and shut down or sold your properties, suddenly your loss of profit becomes lower: there is no one left to pay and you're left with fewer taxes and property expenses to have to pay.


Maybe it's says something about how the company was managed up until recently...

Reply Parent Score: 2