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But trouble phonemaker does manage to be the street's pessimistic predictions

Generally it's a sign that things are looking fairly dire when a company goes to sell its headquarters.  And for embattled Finnish phonemaker Nokia Oyj. (HEX:NOK1V), another quarter has come and gone with news of a fresh round of financials [PDF] which, on the surface, look very ugly.

Nokia made €7.24B (~$9.49B USD) in revenue over the quarter, down 4 percent from last quarter and 19 percent from last year.  But there was a bit of good news.  Of 23 analysts surveyed by The Financial Times (UK), the average expectation was revenue of €6.93B (~$9.08B USD).  In other words things look very bad, but not quite as bad as the gloomy estimates lofted by the street.

Also in the good news category, Nokia managed to move 2.9 million Lumia (Windows Phones) in the quarter, despite an impending update to Windows Phone 8 on the horizon (which will not support current handsets).  That's down approximately a quarter from the 4 million moved in Q2, but, again, even the most successful smartphone companies like Apple, Inc. (AAPL) see similar dips at the end of their product cycle.

In the losses category, Nokia reduced its €826M ($1.08B USD) loss (Q2) to €576M ($755M USD) (Q3).  Losing three-quarters of a billion dollars in a quarter is bad by any measure, but the trimmed loss does offer some signs of hope for Nokia.


Nokia rebuts the argument that Windows Phone 8 and the Lumia 810/820/822/920s are its "last chance" at remaining relevant in the smartphone argument.  However, the sustained quarters of large losses would certainly seem to suggest that time is running out for Nokia -- once the world's largest smartphone maker -- to win customers back.

Sources: Nokia, FT [analyst estimates]



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RE: So They Come Up With a Winning Strategy...
By Tony Swash on 10/18/2012 2:25:01 PM , Rating: -1
Looks like Android is also really starting to drag Google down. The leaked quarterly results are bad. Android was intended as Google's strategic response to the rise of the mobile device and the decline of the desktop PC paradigm. It hasn't worked.

http://www.brianshall.com/content/peak-android


RE: So They Come Up With a Winning Strategy...
By retrospooty on 10/18/2012 2:29:55 PM , Rating: 3
OK, so revenue was 11.3 billion instead of the expected 11.9 billion. What a fiasco, better close up shop. LOL.

got any more FUD Tony?

"Search giant Google also missed its revenue number, which came in at $11.3 billion, excluding traffic acquisition costs, according to Trade the News. Wall Street expected Google to deliver $11.9 billion in sales. Consolidated revenues grew 45% to $14.1 billion."


RE: So They Come Up With a Winning Strategy...
By sviola on 10/18/2012 3:03:35 PM , Rating: 2
Well, they took a 9% plunge on their stock and had their stocks removed from trading.


RE: So They Come Up With a Winning Strategy...
By Cheesew1z69 on 10/18/2012 3:30:31 PM , Rating: 2
What are you talking about? Stocks removed from trading? Um....

https://www.google.com/finance?client=ob&q=NASDAQ:...

???


By TakinYourPoints on 10/18/2012 3:47:40 PM , Rating: 2
Trading on GOOG was halted after it dropped 10% in minutes. This sometimes happens when moves this big occur.

Earnings were leaked out early. This is why companies announce earnings outside of trading hours. It was supposed to be announced after trading today, not in the middle of the day.


By retrospooty on 10/18/2012 3:32:00 PM , Rating: 2
The market always reacts that way when revenues are missed. Not really a big deal, unless its followed up quarter after quarter with no improvement plan... And certainly not a problem with Android.


RE: So They Come Up With a Winning Strategy...
By Tony Swash on 10/18/12, Rating: -1
By Cheesew1z69 on 10/18/2012 3:35:30 PM , Rating: 2
Cool story bro...


By retrospooty on 10/18/2012 3:40:26 PM , Rating: 2
Long haul Tony, you dont operate a multi billion dollar company 1 quarter at a time. Remember, even the holy all mighty Apple almost went out of business once upon a time.

But, then again, you already know that. You are just here trying to spread your piddly agenda.


RE: So They Come Up With a Winning Strategy...
By Tony Swash on 10/18/2012 6:23:14 PM , Rating: 1
I found the figure I was looking for and the news is again not good for Google. Paid clicks increased 33% year-over-year, while cost per click fell 15%. So again what you have is Google scaling up it's ad business, by inserting more ads in more of it's services, but the cost of those ads declining. Google is selling more but making less profit. I wonder what will happen when the routes to greater ad density and click though becomes saturated?

http://www.forbes.com/sites/afontevecchia/2012/10/...


By retrospooty on 10/18/2012 7:40:56 PM , Rating: 2
Keep searching for more spin fodder Tony. Just curious, what are you using to search? Google? ;)


RE: So They Come Up With a Winning Strategy...
By JKflipflop98 on 10/19/2012 12:53:18 AM , Rating: 2
Apple nearly went bankrupt and died without Steve Jobs. The only thing that saved them from complete implosion was bringing Steve back. That isn't an option this time around.

Now we have the iPad mini LOLOL


By Tony Swash on 10/19/2012 9:08:13 AM , Rating: 1
quote:
Apple nearly went bankrupt and died without Steve Jobs. The only thing that saved them from complete implosion was bringing Steve back. That isn't an option this time around.


Apple are doooooomed!!! Again


"Can anyone tell me what MobileMe is supposed to do?... So why the f*** doesn't it do that?" -- Steve Jobs














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