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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 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


"Google fired a shot heard 'round the world, and now a second American company has answered the call to defend the rights of the Chinese people." -- Rep. Christopher H. Smith (R-N.J.)














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