Nokia Q2 results reveal $1 billion operating loss, 4 million Lumia handsets sold, and a lack of US penetration
Nokia announced its Q2 2012 financial results today, reporting a loss of 826 million euro for the period. One thing that is clear from today's results is that, try as it might, the majority of Lumia sales are still outside the US — an important market that Nokia needs to succeed in.
Nokia: Lumia activations 'flat, to up' in the weeks following Windows Phone 8 announcement
Microsoft introduced its Windows Phone 8 operating system in late June and Nokia appears to be confident it hasn't impacted its Lumia Windows Phone sales. Speaking on a Nokia investor call today, CEO Stephen Elop revealed "Lumia activations were flat to up in the weeks following Windows Phone 8 announcement." Nokia posted a $1 billion operating loss for Q2 2012, selling four million Lumia devices in the quarter.
The Finnish phone maker now plans to focus on Lumia updates. Elop mentioned all...
Nokia's North American phone shipments fall flat in Q2, just 600,000 phones sold
Nokia's Rolling Thunder strategy for reconquering the US smartphone market continues to struggle after only six months. In its bleak earnings report today, Nokia revealed it shipped just 600,000 handsets in North America during its latest Q2 2012, down from 1.5 million in the same period last year. The 60 percent drop year-on-year, coupled with an identical ship rate in Q1 2012, shows that the company's risky bet on Windows Phone is still a slow starter.
Nokia's 600,000 figure encapsulates...
Nokia posts $1 billion operating loss for Q2 2012, net cash up $125 million
Nokia has just posted its Q2 2012 financial report, revealing a total operating loss of €826 million (around $1 billion). The loss was offset by large licensing royalties and a regular quarterly cheque from Microsoft, resulting in a net cash rise of €102 million (around $125 million). The Finnish company previously warned investors that its Q2 results were likely to be "similar to or below" its enormous €1.3 billion (around $1.6 billion) operating loss in the first quarter, but...
Microsoft
Nokia ships 4 million Lumias in Q2 2012, over 7 million to date
Nokia's previous quarter saw the company describe the UK market as a "more challenging" one than the US — where Lumia sales exceeded expectations. Nokia has just announced its Q2 2012 financial results today, and the company has revealed four million Lumia devices were sold in its recent quarter — beating analyst predictions by 200,000. After selling over one million Lumia devices during its final quarter of 2011, and two million in Q1 2012, the latest figure shows that Nokia's Rolling...
Nokia says Q1 financials will disappoint even as it sells two million more Lumia phones
Ahead of its Q1 2012 earnings results, Nokia has lowered its first quarter 2012 financial outlook — the company expects its Devices and Services operating margin to be approximately negative three percent, compared to previous expectations of a break-even quarter. Specifically, Nokia noted that "competitive market dynamics" negatively affected sales in the mobile phone and smart device business units. As to where the company underperformed, Nokia said it had particular trouble in the...
