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[6]: Ehm
by Beta on Thu 18th Apr 2013 14:20 UTC 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

RE[8]: Ehm
by tylerdurden on Thu 18th Apr 2013 16:24 in reply to "RE[7]: Ehm"
tylerdurden Member since:
2009-03-17

You missed the part in the report that states the net sales of the NSN group are down 30%, and their net operating profit is down 99% from the previous quarter.

The whole corporation just took a beating, no matter how one tries to spin it.

Reply Parent Score: 3