Linked by Thom Holwerda on Tue 1st Oct 2013 17:18 UTC, submitted by Hiev
PDAs, Cellphones, Wireless

The latest smartphone sales data from Kantar Worldpanel ComTech, for the three months to August 2013, shows Windows Phone has posted its highest ever sales share of 9.2% across the five major European markets* and is now within one percentage point of iOS in Germany. Android remains the top operating system across Europe with a 70.1% market share, but its dominant position is increasingly threatened as growth trails behind both Windows and iOS.

Good news for Microsoft - bad news for Apple. Of course, we'll have to see how the iPhone 5S and 5C affect these numbers.

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If Windows Phone is indeed on a sharp rising trajectory as this story suggests, then it makes the whole Nokia crash and burn and subsequent purchase by Microsoft even worse.

If Windows Phone is on the rise, and Nokia is the main source of this, then surely Nokia would see a sharp rise in its share price and fortunes?

But the Nokia shareholders won't see any of this return, because the company has been sold at possibly the worst possible time.

It is nearly impossible to envision that this whole spectacle hasn't been a deliberate attempt at robbing the Nokia shareholders of their investment in order to benefit the few.

Nokia's projected revenue in handsets for Q3 '13 is -2% plus or minus 4%.

So the "sharp rising trajectory" still doesn't hit the make break point on profitability.

As to share price and return to stockholders it's just the opposite of what you are imagining.

1.) Nokia hasn't been sold. Just the Devices and Services (handset) division.

2.) It was the ongoing losses in D&S that was dragging down the whole company. They would have been profitable if they weren't in the handset business. And MSFT was giving them $1 billion a year on top of a $1.5 billion initial payment to partner with them so the losses were even worse than they appeared.

3.) Stock price went from the mid-$4 range to mid $6 almost as soon as the sale was announced. So shareholders have already seen a lot of return.

4.) Conspiracy theories have abounded about MSFT trying to kill Nokia and then take it over, manipulation by various groups to work against the Shining Knight of Telekom, etc. Turns out all they needed to do to succeed was stop killing themselves and sell the poison apple back to the originator of it.

Reply Parent Score: 3

Nelson Member since:

D&S alone wasn't killing them, I'm surprised you say that when its pretty much spells out why there's an IFRS loss. Its mostly due to restructuring costs and charges related to their NAVTEQ acquisition amortized over many quarters.

What did change was their market valuation, which has always been a bit of voodoo, but probably Microsoft's convertible bonds and the looming all cash transaction helped them there.

Reply Parent Score: 2

glarepate Member since:


Restructuring was primarily needed in D&S related areas. But it did affect the NSN and Navteq/HERE divisions as well. Just not nearly as much.

It's in the Earnings Reports for any interested in checking.

The valuation voodoo paid off big when they unloaded D&S though. When the phone pins got pulled out the pain magically went away. <(^8)<

Reply Parent Score: 3