Comparing the results of Nokia and Apple
Since the results are in, I made a comparison chart of both Apple's and Nokia's finances. Here are my thoughts:
- Apple is in no trouble at all.
- Last quarter, AT&T sold more iPhones than all other phones (incl. feature phones) together. (ca. 60%)
- Tim Cook: "Just two years after we shipped the initial iPad, we sold 67 million. It took us 24 years to sell that many Macs, and five years for that many iPods, and over three years for that many iPhones."
- Nokia's numbers are bad, but its cash reserves prevent Nokia from bankruptcy.
- Nokia's credit rating is near junk (Moody’s and S&P) or already at junk level (Fitch)
- The Lumia 900 debuted just before the end of Q1, so the numbers doesn't reflect its sales properly. The sales are exceeding expectations and because Nokia is struggling to serve demand, the UK launch was "postponed". This is a glimmer of hope.
Note that Apple treats the fiscal quarter till March 31 as "second quarter" and Nokia is referring to it as "Q1". In the chart above, they are pictured as "Q1". The holiday quarter is "Q4", respectively.