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.
"Spreading the rumors, it's very easy because the people who write about Apple want that story, and you can claim its credible because you spoke to someone at Apple." -- Investment guru Jim Cramer
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
Quick Note: Special 20th Anniversary PlayStation 4 Raises $128,000 for Charity
January 26, 2015, 4:14 PM
Microsoft to Close Nokia Store, May Lose Over a Hundred Thousand Apps
January 26, 2015, 11:15 AM
BlackBerry CEO Claims Devs are Violating Net Neutrality by Not Supporting BB10
January 22, 2015, 4:37 PM
Will Google Become America's Fifth Major Carrier?
January 22, 2015, 12:42 PM
Report: Samsung Drops Snapdragon 810 From Galaxy S6, Will Use Its Own Chips
January 21, 2015, 1:47 PM
Report: Windows 10 Preview to Expand to Mobile Devices in February
January 20, 2015, 2:24 PM
Most Popular Articles
Microsoft Shows Off Latest Windows 10 Build, Preps it for Next Week Release
January 21, 2015, 2:57 PM
Under the Hood: How DirectX 11.3 and 12 Will Supercharge Windows 10 Gaming
January 23, 2015, 12:34 PM
IDC: 2014 Sales Show PC Isn't Dead, But Desktop May be Dying
January 19, 2015, 1:50 PM
Police are Using New Handheld Radar Sensors to Peer Into Houses w/out Warrant
January 20, 2015, 1:35 PM
Report: HTC One M9 (2015) is Tied to Under Armour-Powered HTC Smartwatch
January 19, 2015, 11:10 AM
Latest Blog Posts
Sceptre Airs 27", 120 Hz. 1080p Monitor/HDTV w/ 5 ms Response Time for $220
Dec 3, 2014, 10:32 PM
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
More Blog Posts
Copyright 2015 DailyTech LLC. -
Terms, Conditions & Privacy Information