Linked by Thom Holwerda on Thu 18th Apr 2013 11:21 UTC
PDAs, Cellphones, Wireless Nokia has posted its quarterly results for the first quarter of 2013, and just like the quarters that came before, there's not a whole lot of good news in there. The rise in Lumia sales still can't even dream of making up for the sales drop in Symbian phones, and when broken down in versions, the sales figures for Windows Phone 8 Lumias in particular are very disappointing. In North America, Nokia is getting slaughtered.
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RE[5]: Ehm
by Nelson on Thu 18th Apr 2013 13:37 UTC in reply to "RE[4]: Ehm"
Nelson
Member since:
2005-11-29

Also Nokia is not just a one division company. Losses in their smart devices division while posting strong gains to offset that from NSN or somewhere else is still a good thing.

Once you take out the one time charges that aren't structural, Nokia posted a profit for the third consecutive quarter and actually improved their balance sheet.

This is what a mixed earning report is, mixed. Its wrong to universally spin this as good for Nokia, but it is also wrong to universally spin this as bad.

Its obvious the issues Nokia faced prior to this quarter they still face now, but it is also worth noting that their Windows Phone strategy is seeing increased momentum QoQ and YoY

Edited 2013-04-18 13:38 UTC

Reply Parent Score: 3

RE[6]: Ehm
by Beta on Thu 18th Apr 2013 14:20 in reply to "RE[5]: Ehm"
Beta Member since:
2005-07-06

strong gains to offset that from NSN

Did I miss something, where are the strong gains?

Reply Parent Score: 2

RE[7]: Ehm
by Nelson on Thu 18th Apr 2013 14:39 in reply to "RE[6]: Ehm"
Nelson Member since:
2005-11-29

From their earnngs: "- Nokia Group strengthened its net cash position by approximately EUR 120 million sequentially. Nokia Siemens Networks contributed approximately EUR 210 million to the Nokia Group net cash position."

They've also cut costs dramatically and increased their margins YoY.

Reply Parent Score: 3