Finnish handset vendor Nokia has announced that is expecting to report a loss for the first two quarters of 2012. In a statement released Wednesday the firm blamed “competitive industry dynamics” for damaging net sales for its Mobile Phones and Smart Devices business units, particularly in the Middle East and Africa, India and China.
Nokia has announced an operating loss of €1.34bn for 1Q12, blaming “greater than expected competitive challenges and seasonality”. The Finnish firm posted net sales of just €7.4bn, down from the €10.4bn it posted in the first quarter of last year, in which it made €439m in operating profit.
Nokia has been projecting a positive aura over the last few months, an aura which achieved its richest glow with the launch of the Lumia smartphone range towards the end of last year. Response to the new flagships was net positive and a massive brand campaign has since been hammering home the message that Nokia is back.
Handset partners Microsoft and Nokia will each invest up to €9m in a development program to drive training, support and startup business opportunities through the AppCampus program at Aalto University, Finland.
Nokia’s partnership with Microsoft has begun to bear fruit as sales of its devices running on the WP7 platform have outstripped Nokia’s Symbian handsets in Great Britain. The Lumia 800 handset accounted for 87 per cent of WP7 sales in the market, according to latest data from Kantar Worldpanel ComTech, while Germany remains the strongest market for WP7, with market share for the OS now up to 3.1 per cent.
MWC 2012 provided further evidence of an escalating war between operators and device manufacturers, according to analysts at Informa Telecoms & Media. Apart from those launched by Nokia, there was only one device unveiled that ran on the Microsoft Windows Phone platform, which was one of the many launched by ZTE. Meanwhile, one of the announcements that caused waves in the industry was Telefónica’s news that it has teamed up with Firefox browser-maker Mozilla to create a new mobile platform, B2K.
Nokia is exploring options for a “structured exit” from its mobile money services in India. The Finnish handset maker also confirmed that it does not consider mobile money services to be core to its strategy in the future.
It´s amazing what Nokia has done in a year. That was my primary impression from the first day of the show. Partly that´s because the first thing I did was attend the firm´s press conference. But mostly it´s because Stephen Elop has delivered what he promised to by accelerating Nokia´s execution to a point that would have been scarcely credible just a couple of years ago.
Nokia has announced today two new smartphones powered by Microsoft Windows Phone 7 (WP7), the Lumia 610 and an LTE-less variant of Lumia 900 targeting Non-US market. With the introduction of these new smartphones, Nokia aims to broaden its WP7 portfolio beyond the main-stream smartphone market.
Struggling handset giant Nokia has announced that it will cut 4,000 jobs in Hungary, Mexico and Finland, as it looks to move device manufacturing to Asia.
Nokia’s set of recent results for 4Q11 show some of its worst results ever for a final quarter. While total volume shipments were down eight per cent year-on-year, probably in line with expectations, surprisingly volume sales for smart devices were down a massive 31 per cent – and this during a quarter when Nokia launched its eagerly-awaited Microsoft Windows Lumia smartphones.
It was all about the numbers this week as the great and the good of the industry played show and tell with their bank statements. There weren’t many in the market revelling in unreservedly good news on the financial front but, true to form, Apple had another bonanza to report.
Nokia has announced that it has made a staggering operating loss of €954m ($1.25bn) in 4Q11. The Finnish firm recorded an operating profit of €884m in the same period last year, and a -€71m loss in the third quarter of 2011. Meanwhile, revenues for the quarter drop year-on-year from €12.6m in 4Q10 to €10m.
Nokia has announced the sale of its 1.5 billionth handset running on the Series 40 (S40) platform. The handset sold was a Nokia Asha 303 touch screen handset with QWERTY keypad, and was purchased in Sao Paulo by 21-year-old Mayara Rodrigues.
Sony, Nokia and Huawei have each announced new handsets at CES in Las Vegas, as competition in the smartphone market hots up.