27 replies to this topic 1 votes

[Astra.Xtreme]

Mephistopheles, on 19 July 2012 - 10:16, said:

Nokia has just posted its Q2 2012 financial report, and with it reveals a total operating loss of €826 billion (around $1 billion).

Wow, the USD isn't worth sh*t anymore, is it?

[GP007]

still1, on 19 July 2012 - 14:42, said:

It will be interesting to see the q3 results on lumia. Sure it will bleed due to the wp8 announcement..
many will hold off on the lumia purchase.

Nokia already said that since the WP8 news sales for the Lumia have been flat to up. So the no upgrade option hasn't changed anything.

[GP007]

Whatever the final number of Lumias sold in the US the matter is moot. Overall the total Lumia sales figure is double what it was last quarter and that says more than anything. Q3 could be flat compared to Q2 because they don't have any new devices coming though they are also spreading out into newer markets with them. Another 4-5million sold in Q3 could happen at this point with a bigger pop in Q4 and new WP8 devices.

Whatever the case, they sold more lumias than expected, and their operating loss was lower than expected. Sure it's not 100% great news but it's positive news in the middle of a tough transition for them.

[still1]

GP007, on 19 July 2012 - 17:41, said:

Nokia already said that since the WP8 news sales for the Lumia have been flat to up. So the no upgrade option hasn't changed anything.

They are never going to admit to that.... Next report will say it all..

[BajiRav]

Manish, on 19 July 2012 - 17:17, said:

Check again.
http://www.neowin.ne...#entry595016623

Great, another stupid speculation. Here is my "analysis": There are very few Nokia phones sold in the US besides WP as vast majority are the craptacular prepaid S4 devices and it is unlikely that those phones sold 300K in one quarter.

[.Neo]

Astra.Xtreme, on 19 July 2012 - 17:22, said:

Wow, the USD isn't worth sh*t anymore, is it?

Try reading both again.

[Tom]

I feel bad for Nokia, they were slow to the smartphone market and are paying the consequences.

Nokia is responsible for so much innovation, I would hate to see that disappear.

[GP007]

Tom, on 19 July 2012 - 21:53, said:

I feel bad for Nokia, they were slow to the smartphone market and are paying the consequences.

Nokia is responsible for so much innovation, I would hate to see that disappear.

I don't think they're done yet, or will be actually. The needed restructuring takes quite some time. Moving production to cheaper areas, cutting costs on parts of the business that are keeping operating costs too high. And the overall transition off of dump phones to more smartphones as well. One thing that people have overlooked is that Nokia actually ended this quarter with more cash on hand then it did last quarter iirc.

[Growled]

How much longer than they keep losing money?

[Raa]

Say goodnight, Nokia.

[+Anarkii]

RIP Nokia

[Depicus]

Tom, on 19 July 2012 - 21:53, said:

I feel bad for Nokia, they were slow to the smartphone market and are paying the consequences.

Nokia is responsible for so much innovation, I would hate to see that disappear.

They are also losing the dumb phone wars as well. This quarters report makes for very grim reading

[Manish]

BajiRav, on 19 July 2012 - 21:44, said:

Great, another stupid speculation.

It's not a stupid speculation. That 600k number refers to all devices and services sold by Nokia in North America. Did you even bother to read the actual report? Even WMPoweruser.com acknowledges now that 330k is likely to be accurate and supposedly confirmed by Nokia's CFO.