Linked by Anonymous on Thu 18th Jul 2013 14:09 UTC
PDAs, Cellphones, Wireless The decline continues for Nokia. While Lumia sales volume increased by 32% to 7.2 million during Q2, this was well short of the 8.1 million analysts expected would be sold. Meanwhile, smartphone sales are down 10.2 million units from Q2 2012, based solely on the death of Symbian. Did Nokia jump from a burning platform to a sinking ship? Or will the next Windows Phone update finally bring feature parity with Symbian? Note from Thom: Loads of new models, yet still not the turning point we are promised every time Nokia releases quarterly figures. I'm sure the next quarter, with the next new flagship, will turn it all around.
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Comment by Deviate_X
by Deviate_X on Thu 18th Jul 2013 15:34 UTC
Deviate_X
Member since:
2005-07-11

Nokia said Lumia sales would increase 27%, Wall St. said it would increase 50%. Know one knows where they got 50% from...

Reply Score: 3

v RE: Comment by Deviate_X
by Nelson on Thu 18th Jul 2013 16:17 in reply to "Comment by Deviate_X"
RE[2]: Comment by Deviate_X
by tylerdurden on Thu 18th Jul 2013 18:01 in reply to "RE: Comment by Deviate_X"
tylerdurden Member since:
2009-03-17

... something about people living in glass houses, throwing rocks, etc, etc.

Reply Parent Score: 2

RE[2]: Comment by Deviate_X
by lemur2 on Fri 19th Jul 2013 10:21 in reply to "RE: Comment by Deviate_X"
lemur2 Member since:
2007-02-17

At this point its becoming a little hard to deny that Nokia has traction with the Lumia range.


Nokia loses $151 million in Q2 2013

http://www.theverge.com/2013/7/18/4534124/nokia-q2-2013-financial-r...

Do you mean that type of "traction" that allows one to slide less quickly down the slope to oblivion?

Reply Parent Score: 3

RE[2]: Comment by Deviate_X
by przemo_li on Sun 21st Jul 2013 21:28 in reply to "RE: Comment by Deviate_X"
przemo_li Member since:
2010-06-01

"Profit warning bullshit"

158mln euro of LOSS is not fulfillment of such warning?

Or 14% of loss per EACH Lumia sold?

Get the facts straight first.

Increase in Lumia sales is only good thing in Q2 report. (And before you call it "good enough" go check how much WHOLE industry grew in same period)

Reply Parent Score: 2

RE: Comment by Deviate_X
by tylerdurden on Thu 18th Jul 2013 18:01 in reply to "Comment by Deviate_X"
tylerdurden Member since:
2009-03-17

It's basic math; the analysts calculate the baseline amount of product/income growth Nokia needed in order to operate at a profit, and thus set that as the expectation to judge their performance accordingly. Investors like to invest in public corporations that are profitable, oddly enough.

Nokia has suffered one of the most (if not the most) catastrophic collapses in market share in the mobile market. Therefore these sort of aggressive growth expectations should not come as a surprise.

Reply Parent Score: 5

RE[2]: Comment by Deviate_X
by Nelson on Thu 18th Jul 2013 19:05 in reply to "RE: Comment by Deviate_X"
Nelson Member since:
2005-11-29

They also have had a dramatic reversal in losses, given this time last year they lost a billion dollars. So there is significant progress on that front.

Plus they made a pretty nice non-IFRS profit for the fourth consecutive quarter. They're getting there.

Reply Parent Score: 2