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 cdude on Thu 18th Apr 2013 13:47 UTC in reply to "RE[4]: Ehm"
Member since:

Nelson! Now that we have the numbers and now that I got proven correct in my last quarters forecast that Nokia continues to burn there limited remaining cash (without option to get new cash caused of there junk-rating) isn't there something you like to admit now? Something like dropping your quarterly "but they grow all time!" and "they are profitable, its changing!" you post here since over 2 years now?

Come on, even you can't deny what's happening with Nokia any longer.

Edited 2013-04-18 13:50 UTC

Reply Parent Score: 8

RE[6]: Ehm
by Nelson on Thu 18th Apr 2013 14:35 in reply to "RE[5]: Ehm"
Nelson Member since:

Nelson! Now that we have the numbers and now that I got proven correct in my last quarters forecast that Nokia continues to burn there limited remaining cash

Nokia improved their cash on hand.

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."

But hey, you want to talk about instances where you've been correct?

Let's take a look at what the insightful cdude has stated would happen, and what actually happened.

- You've previously said Nokia was not focusing on China.
This is WRONG.
Nokia was focusing on China. This financial result confirms that strong Lumia sales come partly from strong sales in China.

- You've previously said: "Its more a zombie. Not dead but also not alive. 4 quarters left till the head is cut off. Till then there is plenty time left to eat more brains."
This is WRONG.
Nokia has improved its cash position and achieved underlying profitability.
You said this two quarters ago. So according to you Nokia has two quarters left before its fully dead.

- You've previously said: "Who is going to buy an expensive WP7 device if WP8 devices are available already?"
This is WRONG.
This financial report suggests that Nokia's strategy of selling WP7 phones into the low end market is working, with 30% of their Lumia handsets being derived from their WP7 push.

- You've previously said: "Silverlight is already legacy and will not be supported in the future. It would be silly to build up anything new on it.".
This is WRONG.
WP8 apps are built on a hybrid Silverlight and WinRT runtime.

- You previously said: "Do we have numbers from Samsung and HTC meanwhile? Not yet I think. If we believe in comCast and Nielsens then both, every of them, sold more WP7 devices then Nokia. That was when most already dropped out of WP7 and only those 3 left."
This is WRONG.
Nokia controls 80% of the Windows Phone market and has pretty much commanded a presence from the beginning.

- You've previously said: "Making profit and grow again (or at least shrink not any longer) would be."
This is WRONG.
They have posted a profit for three straight quarters. You have not acknowledged this.

- You've previously said: "The cut could mean the abort all markets that refused Lumia like China or where Lumia sold most worse like Russia"
This is WRONG.
Nokia Lumia is now very strong in both China and Russia.

Quite obviously you're not as insightful as you think you are.

Reply Parent Score: 4

RE[7]: Ehm
by cdude on Thu 18th Apr 2013 14:54 in reply to "RE[6]: Ehm"
cdude Member since:

So, dude, you are trying to shift away. I take that as you admitting its not working and your way to agree with me a quarter later. Fine, be my guest.

Edited 2013-04-18 14:55 UTC

Reply Parent Score: 0

RE[7]: Ehm
by Valhalla on Thu 18th Apr 2013 18:38 in reply to "RE[6]: Ehm"
Valhalla Member since:

Nokia improved their cash on hand.

Didn't Nokia recently sell their 'headquarters' for ~$200 million in order to raise cash? That's a one-time deal which probably helped this quarterly report.

Reply Parent Score: 2