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| Nokia posts another disastrous quarter |
| By Thom Holwerda on 2012-07-19 18:32:57 |
| Nokia just posted its quarterly results - including shipped devices - and it's not looking good. Massive losses, sales dropping, and no growth in Lumia sales in the US. The company is losing money hand-over-fist, and with Windows Phone 8 still months away, the company warns the next quarter will be just as bad. |
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| WP8 |
| By vivainio on 2012-07-19 18:41:11 |
|
Somewhat to the contrary, the validity of WP strategy will only be shown once WP8 is in the shops. It's not a "restart", rather WP8 picks up where WP7 leaves off (scaling to modern hw, supporting native development, etc) and allows the platform overall compete head-to-head with high end Android. "Old" WP7 apps will continue working on WP8. |
 - Score: 1 |
| RE: WP8 |
| By Thom_Holwerda on 2012-07-19 18:44:36 |
| Yes, but I meant that their current Lumia installed base will effectively be left out in the cold. So, they have to start all over again growing a new installed base for WP8. |
| - Score: 3 |
| Disastrous but above expectations |
| By vaette on 2012-07-19 18:52:26 |
|
It was well known that this quarterly report would be terrible, and in fact it came in above expectations. A lot of the losses are related to restructuring (cutting various divisions). Nokia still needs things to work out smoothly with WP8, but this is not as bad as the straight numbers make it look. At the time of writing Nokia is up 6.36% on NYSE. Still a ridiculously low valuation, but it should illustrate that the Q2 report wasn't bad compared to the overall feel of the situation. Edited 2012-07-19 19:03 UTC |
| - Score: 4 |
| RE[2]: WP8 |
| By vivainio on 2012-07-19 19:08:30 |
|
Installed base is most relevant to developers, and developers can target both WP7 and WP8 by just making a WP7 app. So the installed base won't start from zero. Developers targeting WP8 exclusively in the beginning will probably be large game studios (because of DirectX and high end hw support), but for them WP7 was suboptimal anyway. |
| - Score: 3 |
| RE[3]: WP8 |
| By dmrio on 2012-07-19 19:30:07 |
| The problem is: can Nokia really afford this long time bleeding this way? |
| - Score: 10 |
| Disastrous? Hardly |
| By tomcat on 2012-07-19 19:41:16 |
|
http://allthingsd.com/20120719/n... "1.Nokia is working aggressively to cut costs, and cash conservation appears good. 2.Sales of Nokia smartphones rose 45 percent in North America, to 128 million. That’s the first such increase in longer than anyone would care to remember. 3.Nokia sold four million Lumias during the quarter, and that’s about a million more than some analysts had expected. 4.Discussing the company’s performance during today’s earnings call, CEO Stephen Elop hinted that Nokia may be the first handset maker to release a device running Microsoft’s forthcoming Windows Phone 8 mobile operating system. “Note that on the number of occasions when Windows Phone 8 has been demonstrated, it has been on a Nokia device,” Elop replied while dodging a question on this topic. “We have a close relationship that is unlike what anyone else has with Microsoft.” Edited 2012-07-19 19:42 UTC |
| - Score: 3 |
| Who would've guessed? |
| By UltraZelda64 on 2012-07-19 19:48:05 |
|
This just in: Nokia shot themselves in the foot, and it really fucking hurts. Just a suggestion... you'd better get that foot cauterized if you plan on being around to see the release of Windows Phone 8 and take advantage of it. |
| - Score: 7 |
| Thanks Mr Elop |
| By theuserbl on 2012-07-19 19:59:13 |
|
Thanks Mr Elop, for destroying Nokia. </irony> http://communities-dominate.blog... And the important graphic of the article: http://www.telekom-presse.at/bil... |
| - Score: 10 |
| "It costs $450 in marketing ..." |
| By theuserbl on 2012-07-19 20:07:30 |
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»It costs $450 in marketing to make someone buy a $49 Nokia Lumia« http://www.theregister.co.uk/201... A very lucrative market. |
| - Score: 8 |
| RE[3]: WP8 |
| By Radio on 2012-07-19 20:12:09 |
|
> Installed base is most relevant to developers Then Nokia is totally, utterly dead. Because iOS and Android are growing too, and far, far, far faster. Nokia will own only a few % (maybe as low as 2%) of the market by Christmas. |
| - Score: 7 |
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