Nokia's Losses Prove Smaller Than Expected, New WP7 Smartphones Leaked
October 20, 2011 9:30 AM
comment(s) - last by
Company will unveil its handsets Oct. 26
In the last quarter Nokia, Oyj. (
) lost its spot as the world's largest phonemaker as Samsung Electronics Comp., Ltd. (
) and Apple, Inc. (
blew by it
. Still, for all the gloom-and-doom surrounding the Finnish firm, its
defunct Symbian smartphone operating system
, and its slow transition to Windows Phone 7, things may not be quite as bad as some had thought.
I. Earnings Aren't Great, But Are Less Bad Than Expected
Yesterday evening Nokia reported earnings of €9B ($12.35B USD). That represents a 13 percent year-to-year drop in sales and a 3 percent drop in sales from the Q2 2011. The company posted a €68M ($93.34M USD) net loss, much worse than the €403M ($553.20M USD) profit the company turned last year, but slightly better than the €487M ($668.50M USD) net loss that the company reported last quarter (International Financial Reporting Standards-style earnings).
The lower loss sent shares soaring 8 percent in pre-market trading.
Such a move may seem baffling to non-investors, particularly in light of
Apple's stock taking a hit
on large, but less than expected growth. But it's important to remember that expectations of growth and revenue are baked into stock prices. A company that's expected to decline sharply is priced low (like Nokia), while a company that's expected to sustain growth (like Apple) is priced high. Any surprises in either direction can send the stock up or down.
Nokia still has €5.07B in cash ($6.95B USD) on hand, so it should be able to sustain its push to Windows Phone 7.
long secret Windows Phone lineup
will finally be announced at
Nokia World 2011
in London on October 26. It's unclear whether the company will be able to get significant amounts of product out
on the U.S. market this holiday season
, but at least the event should give a clearer picture as to where the company is headed.
II. Shots of Slick Nokia 800 Leak
It's not rocket science what Nokia needs to get back on the right track. It needs to:
Get product on the market
Release attractive handsets
Shots of the Nokia 800 -- part of Nokia's upcoming Windows Phone Mango lineup --
yesterday, in lieu of next week's official launch.
The Nokia 800 is arguably the best looking Windows Phone on the block. [Source: PocketNow]
The phone looks very good -- in an iPod Nano-ish sort of way, at least. It comes in three colors. While it may have a relatively small screen -- 3.7-inches -- this may be one of the more stylish smaller smartphone on the market this side of the iPhone.
The Nokia 800 is rumored to be launch November 15th, alongside two other Windows Phone Mango models from Nokia. Hopefully that means "launching November 15th in the U.S." as Nokia has been a bit squirrelly about how much hardware it will put out in the U.S. this year.
At the very least the Nokia 800 seems to be a big step in the right direction in design appeal.
This article is over a month old, voting and posting comments is disabled
RE: looks nice
10/20/2011 11:44:26 AM
RE: looks nice
10/21/2011 6:59:29 AM
I don't use the expensive smartphones to access the even more expensive mobile internet. When I'm on the road, I use my laptop with free Wi-Fi for that. In fact, I'm using it right now.
For calls, I prefer the small inexpensive flip-phones. Nokia does make good flip-phones hardware-wise. However, their menu system is subpar. For example, there is no way to prevent the screen from shutting down while you're using the phone which is ridiculous!
Nokia needs to improve the software on their flip-phones. Essentially, what we need is a flip-phone with Nokia hardware and Samsung software. Not everyone wants to pay mega-bucks to use a phone.
"A lot of people pay zero for the cellphone ... That's what it's worth." -- Apple Chief Operating Officer Timothy Cook
Wall Street Analysts Blame Apple Earnings Miss on Slow iPhone Release
October 19, 2011, 2:29 PM
Specs of New Nokia WP7 Handset Leak
October 6, 2011, 4:38 PM
Nokia Talks Trash About Android, Apple; Won't Fully Launch WP7 Till 2012
August 11, 2011, 10:30 AM
Nokia Officially Loses Lead in Global Smartphone Sales to Apple
July 21, 2011, 12:24 PM
Nokia Left Scrambling as Customers Abandon Symbian Platform
May 31, 2011, 5:04 PM
Call-capable Samsung Gear S Smartwatch Launches Nov 7 in U.S.
October 30, 2014, 12:45 PM
Lenovo Completes $2.91B Acquisition of Motorola
October 30, 2014, 11:57 AM
Samsung Electronics Q3 Profit Falls by 60%, Mobile Division Sees 74% Profit Decline
October 30, 2014, 10:10 AM
Microsoft's $199 Fitness Band Packs in 10 Sensors, Works with Windows Phone, iOS, and Android
October 30, 2014, 8:58 AM
Google’s Project Ara Modular "LEGO" Smartphone Shown Booting Up on Video
October 29, 2014, 5:28 PM
After Touting Security, Privacy Controls, MCX/CurrentC Hack Exposes Customer Email Addresses
October 29, 2014, 3:08 PM
Most Popular Articles
Amid Theater Boycott Netflix Defiantly Plans New Movies, Plus 3 TV Shows for 2015
October 24, 2014, 7:30 PM
AT&T Defeats Purpose of New Apple SIM, Locks iPad Air 2 SIMs to Its Network
October 24, 2014, 2:17 PM
CVS, Rite Aid Kill Unofficial Apple Pay Support, Burn Google Wallet Users in the Process
October 25, 2014, 5:26 PM
1 Million Credit Card Activated on Apple Pay Within 72 Hours, Walmart CEO Hopes Visa "Suffers"
October 28, 2014, 8:17 AM
Microsoft's Figures Show Desktop Users Flocking to Windows 10 Preview
October 27, 2014, 11:04 AM
Latest Blog Posts
Costco Gives Employees Thanksgiving Off; Wal-Mart Leads "Black Thursday" Charge
Oct 29, 2014, 9:57 PM
"Bear Selfies" Fad Could Turn Deadly, Warn Nevada Wildlife Officials
Oct 28, 2014, 12:00 PM
The Surface Mini That Was Never Released Gets "Hands On" Treatment
Sep 26, 2014, 8:22 AM
ISIS Imposes Ban on Teaching Evolution in Iraq
Sep 17, 2014, 5:22 PM
Space Terrorism is a Looming Threat For the United States
Apr 23, 2014, 7:47 PM
More Blog Posts
Copyright 2014 DailyTech LLC. -
Terms, Conditions & Privacy Information