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

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

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

Reply Parent Score: 3

RE[3]: Comment by Deviate_X
by Nelson on Fri 19th Jul 2013 10:54 in reply to "RE[2]: Comment by Deviate_X"
Nelson Member since:

Read my other comments on this thread. Then come back. I'm not really into repeating myself.

Edited 2013-07-19 11:00 UTC

Reply Parent Score: 3

RE[3]: Comment by Deviate_X
by Nelson on Fri 19th Jul 2013 22:09 in reply to "RE[2]: Comment by Deviate_X"
Nelson Member since:

Actually, this wasn't really fair. Now that I have more time I'll be glad to unpack the 115 million euro loss they had, and why non-IFRS numbers are also important.

Nokia did lose 115 million euros last quarter. That's bad. From where though?

157 million euros came from the restructuring NSN, which as you (hopefully) know, is a very healthy part of Nokia. They previously owned 50% of that venture but they now own 100% of it. Meaning they reap 100% of the upside moving forward. This is good.

151 million euros came from NSN divestments which moving forward will increase NSNs financial health by focusing on what parts of it work and what parts of it don't.

100 million euros came from old acquisition costs that were spread across multiple quarters on paper.

10 million came from restructuring HERE

That's a total of 418 million.

-115 - 418 is 303 million euros. So excluding one time charges and asset amortization, Nokia actually posted a strong underlying profit. That is a good sign.

It signals a company in the middle of restructuring and cost controlling, but with incredible upside potential.

Reply Parent Score: 4

RE[4]: Comment by Deviate_X
by przemo_li on Sun 21st Jul 2013 21:32 in reply to "RE[3]: Comment by Deviate_X"
przemo_li Member since:

That is 2y of NO PROFITABILITY in devices division.

With burning Symbian, Nokia NEVER reported losses in devices division.

Tell me again that you see here "underlying" profits..

(Ofc. you may refere to NSN division, and then yes. Nokia work on transforming it into profitable business is succeeding. But it was not main Nokia business, and till "burning memo" Nokia needed not to worry about such problems in devices division..)

Reply Parent Score: 1