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: What about N8?
10/20/2011 2:35:54 PM
The N9 will be released in select countries only:
"We are going to continue to work with them to make sure they understand the reality of the Internet. A lot of these people don't have Ph.Ds, and they don't have a degree in computer science." -- RIM co-CEO Michael Lazaridis
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
Inspiron Laptops & 2-in-1 PCs
September 25, 2016, 9:00 AM
The Samsung Galaxy S7
September 14, 2016, 6:00 AM
Apple Watch 2 – Coming September 7th
September 3, 2016, 6:30 AM
Apple says “See you on the 7th.”
September 1, 2016, 6:30 AM
Apple sued because of iPhone 6 Touch Disease
August 31, 2016, 7:00 AM
Get Ready to wait in line – iPhone 7 due September.
August 18, 2016, 7:15 AM
Most Popular Articles
Update: Problem-Free Galaxy Note7s CPSC Approved
September 22, 2016, 5:30 AM
FDA Cleared, Shockwave Lithoplasty for Peripheral Vascular Disease
September 22, 2016, 5:45 AM
Walmart may get "Robot Shopping Carts?"
September 17, 2016, 6:01 AM
Are you ready for this ? HyperDrive Aircraft
September 24, 2016, 9:29 AM
Smartphone Screen Protectors – What To Look For
September 21, 2016, 9:33 AM
Latest Blog Posts
Burlington Gun Attack
Sep 27, 2016, 5:00 AM
Who is in Risk of Getting Oral Cancer?
Sep 23, 2016, 6:02 AM
France Bans Plastic Eating Utensils in Restaurants
Sep 18, 2016, 10:49 AM
Progress Against Acute Myeloid Leukemia
Sep 17, 2016, 5:30 AM
Apple Watch Series 2 - Number 1 in the Customer Satisfaction.
Sep 7, 2016, 6:19 PM
More Blog Posts
Copyright 2016 DailyTech LLC. -
Terms, Conditions & Privacy Information