Nokia Moves 5.6M Windows Phones, Trims Losses in Q1
April 18, 2013 4:50 PM
comment(s) - last by
Things still aren't great, but Nokia appears to be head in the right direction
Nokia Oyj. (
) has been on a wild ride. For a time it was the largest maker of both smartphones (via its Symbian platform) and feature phones. Then came its struggles to compete with Apple, Inc. (
) and Android, and the
decision to embrace
Microsoft Corp.'s (
) Windows Phone. The bold move seemed to only
hasten Nokia's fall from grace
on the market.
But while it's true that the Nokia of today is
and less profitable than the Nokia of yore, it also appears to be returning from the brink and returning to growth.
In Q1 2013 it
[PDF] a humble 5.6 million Lumia phones, up from
4.4m during the holiday quarter
2 million a year ago
. To put that in context, rival Samsung Electronics Comp., Ltd. (
) sold around 68 million smartphones in the quarter, while the low estimate for Apple's sales is around 34 million.
In other words, Nokia is still a small player, but it's seeing steady growth in its core Windows Phone platform. True, 2 million sales is pathetic, but doubling your sales is still doubling your sales.
And Nokia's balance sheet is also improving. A year ago it made €7.4B ($9.7B USD), but lost €1.34B ($1.70B USD). This quarter it only made €5.9B ($7.7B USD), but trimmed the losses down to €150M ($196M USD). That red may be troubling given that it made €202M ($269.0M USD) in total profit after tax last quarter. But it's not as bad considering that this wasn't a key launch quarter for Nokia smartphone-wise and the holiday quarter tends to be more profitable for all OEMs.
Nokia Lumia 920
The phonemaker did miss analyst targets -- the consensus target for revenue was €6.5B ($8.5B USD), while the loss was roughly in line with the ~€160M ($209M USD) estimate [
Shares in the Finnish phonemaker traded lower on the revenue miss, but that will inevitably turn around if the company continues to grow its Windows Phone sales. Looking ahead, this fall's Windows Phone Blue will be a critical launch for Nokia.
In the meantime the company reportedly has a few devices up its sleeve. It's planning a July refresh to the Lumia 920 that's thinner and lighter, and planning a more affordable version of the 920 for the autumn. Also slated for July will be the long-awaited
Windows Phone version
of the PureView device.
The Nokia PureView 808 [Image Source: Nokia; Modifications: Jason Mick/DailyTech]
reports that a phablet is also in the works,
The device that can work as a phone and a tablet – known as a “phablet” – similar in size but with more advanced specifications to Samsung’s popular Galaxy Note.
This is a key emerging category -- Samsung is leading the way with the Galaxy Mega. Nokia is likely eager to take a piece of the jumbo phone pie as well.
FT [analyst estimates]
FT [phablet details]
This article is over a month old, voting and posting comments is disabled
RE: Growth is good for everyone
4/19/2013 6:47:18 AM
I agree Tony. I don't know who rated you down, but that was a good post, and very accurate.
Nokia really shot themselves in the foot when they went Windows Phone exclusively. They could have just as easily hedged their bets and gone all three - Android, Meego, and WP.
I honestly don't see Windows Phone marketshare going above 5%, which is even less than what Windows Mobile was not that long ago. If I were Nokia I'd start investing in Android ASAP.
"If they're going to pirate somebody, we want it to be us rather than somebody else." -- Microsoft Business Group President Jeff Raikes
Nokia Releases Earnings, Confirms It's Now Profitable
January 24, 2013, 11:15 AM
Nokia Shakes Up Executive Ranks, Will Eliminate 10,000 Jobs by the End of 2013
June 14, 2012, 3:17 AM
Nokia's Losses May Necessitate a Microsoft Bailout
May 7, 2012, 1:00 PM
Nokia Bleeds Even More Sales Than Expected, Sales VP is Booted
April 19, 2012, 7:18 PM
Quick Note: Nokia PureView Will Get Windows Phone Treatment
March 5, 2012, 3:35 PM
Microsoft Launches Budget Lumia 640/640 XL; No High-End Devices Until This Fall
March 4, 2015, 9:10 AM
Finished Apple Watch Expected to be Showcased at"Spring Forward" Mar. 9 Event
February 26, 2015, 12:17 PM
Google Preps Pixel 2 ChromeBook, New X Server Replacement "Freon"
February 24, 2015, 11:12 PM
Report: Samsung Semiconductor Bounces Back w/ iPhone SoC and Memory Orders
February 24, 2015, 1:40 PM
Comcast Borrows Apple's Branding Flourishes for Its Remotes
February 24, 2015, 11:32 AM
NVIDIA Bows to Outraged Overclockers, Will Restore Feature in Upcoming Driver
February 23, 2015, 12:30 PM
Most Popular Articles
Windows 10 Adds USB 3.1 for Dual-Role Peripherals, External Display Support
February 27, 2015, 11:39 AM
FCC Bans Data Discrimination, Defies Comcast, Adopting Net Neutrality Regulation
February 26, 2015, 4:03 PM
Australian Engineers Successfully Developed 3D-Printed Jet Engines
March 2, 2015, 11:08 AM
Samsung is Bringing Sexy Back w/ Launch of Razor-Thin Galaxy S6 and S6 Edge
March 3, 2015, 2:25 AM
Lenovo Vows to Drop "Adware" and "Bloatware" From Its PCs
February 27, 2015, 3:09 PM
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