Linked by Thom Holwerda on Tue 29th Oct 2013 15:04 UTC
PDAs, Cellphones, Wireless

Nokia has just announced its Q3 2013 financial results, revealing an operating profit of EUR118 million ($162 million) from EUR 5.66 billion ($7.8 billion) revenue. That's up massively year over year, but nonetheless represents another quarter of middling results. The report is the first since Microsoft agreed to purchase Nokia's phone business, and that division - Devices and Services - performed as expected, posting a small loss of EUR 86 million ($118 million).

So, Microsoft is buying the part of Nokia that is losing money, while the parts that make money remain in Finland. Seems like a good deal for Nokia-proper. In the meantime, Microsoft will be saddled with a devices division that is still losing money, and whose increase in sales consists largely of low-end, low-margin devices (like the 520). Interesting - especially since Windows Phone was supposed to prevent Nokia participating in a race to the bottom. I'm sure Microsoft's super-successful Surface division welcomes Nokia's devices division.

The cold truth: even more than 2.5 years after announcing the switch to Windows Phone, Nokia's Lumia range still cannot make up for drop in sales of Symbian devices and feature phones. This is roughly the same timeframe in which Samsung rose to the top. With Android.

Read into that what you will.

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RE[2]: Comment by Nelson
by Nelson on Tue 29th Oct 2013 18:57 UTC in reply to "RE: Comment by Nelson"
Nelson
Member since:
2005-11-29

They're so uninterested they consistently make bad calls? That's a new one.

I get made out to be a shill, a troll, an astroturfer, etc but quarter after quarter it is my predictions which stand out as being on the mark. Every time.

Reply Parent Score: 3

RE[3]: Comment by Nelson
by tylerdurden on Tue 29th Oct 2013 19:13 in reply to "RE[2]: Comment by Nelson"
tylerdurden Member since:
2009-03-17

*snif* They grow up so fast, it was not long ago you couldn't parse Nokia's own financial statements correctly, and now you're an "expert."


LMAO

Reply Parent Score: 2

RE[4]: Comment by Nelson
by Nelson on Tue 29th Oct 2013 20:32 in reply to "RE[3]: Comment by Nelson"
Nelson Member since:
2005-11-29

You're welcome to show me where I was wrong.

Reply Parent Score: 2

RE[3]: Comment by Nelson
by Thom_Holwerda on Tue 29th Oct 2013 19:43 in reply to "RE[2]: Comment by Nelson"
Thom_Holwerda Member since:
2005-06-29

I predicted Nokia would not make it with Windows Phone.

I was right.

They had to sell their devices division to Microsoft.

Reply Parent Score: 8

RE[4]: Comment by Nelson
by Nelson on Tue 29th Oct 2013 20:36 in reply to "RE[3]: Comment by Nelson"
Nelson Member since:
2005-11-29

I think your criteria for failure is a little peculiar in light of a years worth of increases, increases in North America, a growing ecosystem, and a strong brand name.

But yeah, sure, "failure". I called these results 100% on the mark. You've been so wrong on everything the broken clock analogy doesn't even apply.

Reply Parent Score: 3

RE[3]: Comment by Nelson
by No it isnt on Tue 29th Oct 2013 20:13 in reply to "RE[2]: Comment by Nelson"
No it isnt Member since:
2005-11-14

But you are a shill. You show all kinds of positive results and predictions for Nokia, except the ones that actually matter: will they survive? Well, they didn't.

And still, you're technically right.

Reply Parent Score: 5

RE[4]: Comment by Nelson
by Nelson on Tue 29th Oct 2013 20:33 in reply to "RE[3]: Comment by Nelson"
Nelson Member since:
2005-11-29

Uh, Nokia is still alive. Feel free to keep making things up though.

Reply Parent Score: 2