Forums - Mobile Discussion - Nokia Q3 2012: loss of $754 million. Lumia sales have dropped to 2.9 million.

Nokia outs Q3 2012 results, reports reduced operating loss
18 October, 2012 | Comments (78) | Post your comment

Tags: Nokia, Misc

Nokia's financial results for Q3 2012 are out and things are still looking grim for the Finns, which have reported an operating loss of $754 million.

If you recall, for each of the last three quarters Nokia had to report north of a $1 billion loss. That's why the company had to undertake some unpleasant job cuts and we guess the results are starting to show up.

There's more bad news for Nokia, too, as the company only managed to push 76.6 million featurephones, from which the Asha lineup accounted for 6.5 million units. The really bad news is that Lumia sales have dropped to 2.9 million (from a total of 6.3 million smartphones shipped) compared to last quarter's 4 million. The Windows Phone 8 launch just couldn't come soon enough for the Finns, which are now facing a do or die situation.

The report also shows that Nokia Siemens Networks managed to make a profit of $238.5 million, managing to helping the company in these hard times of transition to Windows Phone. Speaking of that, Microsoft also chimed in with their $250 million cheque for the quarter.

Lastly, Nokia reports cash reserves of $4.66 billion, which doesn't compare particularly favorably to the $6.64 billion the company had in its pockets at the same point of last year. In the report, the company issued a warning towards investors that the upcoming Q4 quarter will still be bumpy. The reason, as Stephen Elop puts it is "product transitions and our ramp up plan for our new devices."

Source | Via



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Or.....

http://gamrconnect.vgchartz.com/thread.php?id=148860&page=1#3



Dont Think...


televandalist Animated Gif on Giphy

 

A New Day....

Pretty bad journalism. Of course lumina sales dropped last qtr. The buzz around the very early announcement of the new phones and whole new operating system for those phones will do that. Nokia is turning things round. You watch.

Dont Think...


televandalist Animated Gif on Giphy

 

A New Day....

I hope the new Lumia's are a hit for them as they deserve to be, would be a huge shame to see Nokia no longer existing.

Lumia seems to be selling +-

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kowenicki said:
Pretty bad journalism. Of course lumina sales dropped last qtr. The buzz around the very early announcement of the new phones and whole new operating system for those phones will do that. Nokia is turning things round. You watch.


Nokia won't be able to sell a single one of those, let's be real kowen, don't get your hopes up.



Cub said:
kowenicki said:
Pretty bad journalism. Of course lumina sales dropped last qtr. The buzz around the very early announcement of the new phones and whole new operating system for those phones will do that. Nokia is turning things round. You watch.


Nokia won't be able to sell a single one of those, let's be real kowen, don't get your hopes up.


oops.... lumia.

dont ever link me to a crappy orange car again... hurts my eyes.



Dont Think...


televandalist Animated Gif on Giphy

 

A New Day....

kowenicki said:
Cub said:
kowenicki said:
Pretty bad journalism. Of course lumina sales dropped last qtr. The buzz around the very early announcement of the new phones and whole new operating system for those phones will do that. Nokia is turning things round. You watch.


Nokia won't be able to sell a single one of those, let's be real kowen, don't get your hopes up.


oops.... lumia.

dont ever link me to a crappy orange car again... hurts my eyes.

lol, sorry



oh so sad. ........ very bad news

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User has been warned for spamming poor posts which add nothing to discussion.

~tads12



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MSFT will have to moneyhat somebody else now or just drop out of the smartphone market. Who will they moneyhat next??