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.
Thread beginning with comment 567599
To view parent comment, click here.
To read all comments associated with this story, please click here.
RE[8]: Comment by Deviate_X
by Nelson on Sat 20th Jul 2013 20:32 UTC in reply to "RE[7]: Comment by Deviate_X"
Member since:

At the very most, Nokia lost $15 million this quarter. $100 million was acquisition related costs spread out amongst multiple quarters.

That's me being charitable and granting that the rest of the ~$192 million iirc of restructuring costs can be arguably taken at face value.

These are charges left over from NAVTEQ and other mapping and NSN related acquisitions.

In other words, you don't know shit and need to learn how to read financial reports. Thanks for playing, you're wrong, you've been wrong, and will continue to be wrong.

NSN is downsizing rapidly from its more antiquated markets (landlines which are going nowhere) and focusing on the exploding mobile communications market, from which they've already gotten sizeable orders. Nokia owning 100% of that is a good thing.

The NSN charge is also 0.5 billion euros with a 1.2 billion loan, and those charges will be felt in Q3, it didn't appear in Q2, genius.

Edited 2013-07-20 20:40 UTC

Reply Parent Score: 3