Nokia Q1 results reveal big losses, but US Lumia launches have exceeded expectations
Nokia announced its Q1 2012 financial results today, reporting a loss of 590 million euro for the period. It wasn't all doom and gloom, however — the company describes its US launches of the Lumia 710 and 900 as "encouraging," noting that they have exceeded both carrier and their own expectations.
Microsoft
Nokia's Operation Rolling Thunder starts with a whimper
Nokia's US President Chris Weber called the launch of the Lumia 710 "day one" of the company's Rolling Thunder strategy for reconquering the US smartphone market. That day came in the middle of December and has since been followed by a big showing by the Finnish phone maker at CES 2012 in early January, the launch of the Lumia 800 as a contract-free phone in February, and the recent release of the Lumia 900 as an AT&T flagship phone.
In light of all that activity, you'd hope things would be...
Mobile
Nokia Lumia 610 launching in Asian markets at the end of April
Although we had been expecting Windows Phone "Tango" handsets to arrive this month, Nokia officially revealed today that it will launch its new Lumia 610 Windows Phone in the Philippines in the last week of April. Additional markets such as China, Hong Kong, Indonesia, Malaysia, Singapore, Taiwan, and Vietnam will also get the Lumia 610 in the following weeks.
Microsoft's Windows Phone "Tango" phones are designed with China and other emerging markets in mind. Nokia's Lumia 610 includes an...
Mobile
Nokia head of sales steps down after only a year on Leadership Team
Colin Giles, Nokia's executive vice president of sales and a member of the Nokia Leadership Team is stepping down after 20 years with the company. Under Giles leadership, the number of mobile phones sold by Nokia has decreased by 24 percent over the past year. Nokia is not planning on replacing Giles, instead saying it sees the departure as "reducing a layer of sales management." As part of the restructure, all regional senior VPs will now report to Niklas Savander, executive VP of markets.
N...
Microsoft
Nokia: Lumia US launch exceeded expectations but UK market 'more challenging'
Nokia announced its Q1 2012 financial results today, reporting a loss of 590 million euro for the period. In it, Nokia CEO Stephen Elop admitted that certain markets, including the UK, have been "more challenging" than the US — despite large marketing campaigns involving TV, newspaper, and radio commercials. Discussing mixed sales results, Elop revealed that Nokia has "exceeded expectations" in the US with the launch of its Lumia 710 and 900 devices.
Although there is no break down of...
Microsoft
Nokia reports €1.3b operating loss for Q1 2012, sells half as many smartphones as last year
Nokia's Q1 2012 financial report has just been posted, noting an operating loss of €1.3 billion that led to a net loss of €590 million for the period. The company did warn us that it wouldn't be able to maintain its earlier forecast of breaking even, and now we know the full extent of the damage. In total, Nokia sold 11.9 million smart devices during Q1, which is less than half of the 24.9 million it achieved in the first three months of 2011. This has been put down to the rapid decline...
