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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 Reclaimer77 on 10/20/2012 9:41:36 AM , Rating: 2
You keep saying I'm "one dimensional" but you cannot grasp that all of these things you're saying are just based on your own biases and personal preferences.

Takin maybe, just maybe, there is a world of people out there who don't share your point of view on things?

And yes, excuse Google for not releasing a perfect flaw-free Android on their very first version. It's laughable that you cite improvements to the OS as evidence for your argument.

And Android apologist? That doesn't even have meaning. I'm telling you that I use it daily, I enjoy it, it's solid and works well for me. It does everything I need it to do...wtf, how does that make someone an "apologist"??

quote:
If control meant a better experience in the ways that matter then it wouldn't be a negative at all. Unfortunately it has resulted in something that isn't as good as some of the other options out there. Sorry if you can't deal with that.


Again Takin, you aren't the grand arbiter of what a good experience is. Get the hell over yourself, YOU need to deal with that.

I think I've finally come to understand that you cannot see the forest from the trees. That is to say, you absolutely cannot see past Androids flaws to understand it's benefits, or why so many people prefer it. You rant about Android five times more than I've EVER criticized Apple. It's getting absurd at this point.

Do you enjoy this? Cause honestly I don't, not anymore. I'm not sure if you're being purposefully obtuse or just THAT clouded with your pretentious views of what a phone should or should not be....


By TakinYourPoints on 10/21/2012 12:58:07 AM , Rating: 2
And you cannot recognize the benefits of an iOS ecosystem, batter hardware, centralized support, and better apps.

You and many others here put a blanket "iSheep" label on anyone who likes those products, never considering that there are very logical and practical reasons why they would be chosen.

You yourself cannot see past what you perceive to be flaws (closed, no SD card, etc) to recognize its benefits.

Such hypocrisy and myopia with you.


"It looks like the iPhone 4 might be their Vista, and I'm okay with that." -- Microsoft COO Kevin Turner














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