Nokia falls behind Apple to become number two smartphone maker

Mobile phone maker Nokia announced its latest quarterly financial results this morning and the numbers continue to show a company losing both market share and money. PCWorld reports that the company recorded a loss of 487 million euros for the quarter that ended on June 30. That number compares to a profit of 295 million euros for the same period a year ago. It's the first quarterly lost for the company in 18 months.

Overall, Nokia sold 88.5 million mobile phones in the quarter. That's 20 percent lower than the same period a year ago and also lower than the 96 million unit sales number that analysts had predicted. CNBC.com reports that Nokia sold 16.7 million smartphones last quarter which now makes the company the number two seller of smartphones in the world Apple announced earlier this week that it had sold a worldwide total of 20.3 million units of its iPhone product in the past quarter.

Nokia's CEO Stephen Elop said today via a press release that while the latest financial numbers "were clearly disappointing, we are executing well on the initiatives that are most important to our longer term competitiveness." He claims that Nokia's prospects will improve in the second half of 2011. Part of Nokia's strategy is to begin launching a new set of smartphones that will be based on Microsoft's Windows Phone 7 operating system. In today's press release Elop said, " ... those who already have viewed our early Windows Phone work are very optimistic about the devices Nokia will bring to market and about the long-term opportunities."

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19 Comments

Commenting is disabled on this article.

Could I ask the author a question? I will anyway...

Show me one Nokia smartphone that should be compared to iPhone, doubt there are any, so why are You making statments like this? Wait till the WP drops, wait for a quarter and then make this news again but I can assure You that by that time Nokia has sold twice as many phones then the iPhone.

I hope you die, die Nokia, die... Five of my last mobiles were Nokias and I am not going to make this mistake again. Their phones turned to crap - low quality, little durabilty, sluggish OS...

trumphil said,
I hope you die, die Nokia, die... Five of my last mobiles were Nokias and I am not going to make this mistake again. Their phones turned to crap - low quality, little durabilty, sluggish OS...

lol i dont understand why it takes five phone to make you realize your Nokia's are crap

Mohitster said,
I foresee that nokia will overtake apple again in the next two years!!

Apple has a cult of followers, Nokia doesn't.

buletov said,

Apple has a cult of followers, Nokia doesn't.


Nokia has a cult of followers: it's called Europe.

In all seriousness though, while Nokia may fail to do as well as we'd hope in the US, I think Nokia can beat Apple in many European and Asian markets.

xpxp2002 said,

Nokia has a cult of followers: it's called Europe.

In all seriousness though, while Nokia may fail to do as well as we'd hope in the US, I think Nokia can beat Apple in many European and Asian markets.


I have no doubt Nokia will make a comeback. They are a fantastic manufacturer and designer of phones. Their software was killing them, and I believe Microsoft hit big with Windows Phone OS design. This platform will allow them to grow quite a bit while also working on their own projects like Meego.

xpxp2002 said,

Nokia has a cult of followers: it's called Europe.

In all seriousness though, while Nokia may fail to do as well as we'd hope in the US, I think Nokia can beat Apple in many European and Asian markets.


No, it's called developing countries, Nokia really aren't that popular in Europe...

Leonick said,

No, it's called developing countries, Nokia really aren't that popular in Europe...

I used to always have Nokia phones when I was younger. Then I got my first iPhone and realised nokia had a lot of catching up to do, which they still haven't done!

Fantastic build quality, but terrible software!

Leonick said,

No, it's called developing countries, Nokia really aren't that popular in Europe...

I live in the UK and i love Nokia. I had an N78,N96 and N97 and was extremely happy with them throughout their lives, if you will.
Their pure durability meant i could properly use them for years before they became truly unusable!
Unlike the fragile iPhone4...

Leonick said,

No, it's called developing countries, Nokia really aren't that popular in Europe...

Well it's hell of a lot more popular the the iCrap.

That was bound to happen. They never actually released a true competitor in the smartphone field.

FMH said,
That was bound to happen. They never actually released a true competitor in the smartphone field.

Nokia practically started the smartphone market, they just took too long to adapt.

Majesticmerc said,

Nokia practically started the smartphone market, they just took too long to adapt.

I know. It was 1996, that they initiated the smartphone category.