Summary: Nokia continues to crumble as
the firm reports significant losses. That said, there were some emeralds
in the smoldering heap of the firm's third quarter. Here are the
numbers you need to know.
The lenders third one fourth outcomes are a small enhancement on its second one fourth outcomes. A combined outcomes program, there are a few glimmers of light at the end of the canal for the Finnish cellphone massive.
- Nokia saw a Q3 loss of €576 million ($754m);
- Net sales on devices are down to €7.2 billion ($5.49bn) from €8.98 billion in the same period a year ago, a decline of 19 percent on Q2 2012;
- Smartphones sales dropped by 37 percent in Q3 2011 on the previous quarter;
- Non-smartphone sales increased by 4 percent on the previous quarter to 77 million, but dropped 15 percent year-on-year.
- Its current net cash position stands at €3.6 billion ($4.72bn) -- down from €4.2 billion ($5.17bn) in Q2.
But Lumia revenue, the Windows Phone-powered intelligent cellphone keeping the organization's hardly defeating heart in beat, have dropped quickly in the past one fourth. This can mostly be linked to the decrease in revenue, due to the current Lumia smartphones' incompatibility with the newest Windows Phone 8 software.
However, Symbian and MeeGo continue to hold the top in The lenders intelligent cellphone device profile, despite forcing for the Lumia collection. The numbers show a year-on-year decrease by 63 % in The lenders 'smart' gadgets range: unpopularity for Symbian and MeeGo, and a tepid customer reaction to the Lumia variety.
However, Symbian and MeeGo continue to hold the top in The lenders intelligent cellphone device profile, despite forcing for the Lumia collection. The numbers show a year-on-year decrease by 63 % in The lenders 'smart' gadgets range: unpopularity for Symbian and MeeGo, and a tepid customer reaction to the Lumia variety.
- Nokia shipped 6.3 million 'smart' devices in total, including 2.9 million Lumia devices -- a 28 percent drop from Q2 -- meaning 3.4 million devices shipped were running the Symbian or MeeGo mobile operating systems;
- Smartphone shipments were down from 10.2 million 'smart' devices in Q2, and down from 16.7 million 'smart' devices in Q2.
- Compare this to recent figures by Strategy Analytics, where Samsung sold 55 million devices and Apple sold 27 million iPhones, Nokia's performance in the smartphone sector is pretty abysmal.
Breaking down the numbers by regional area and area, Htc lost out across all major areas year-on-year, but was challenging hit in Greater Chinese suppliers and Northern The united states where interest for Htc function mobile phone gadgets are in decrease.
Europe, where Htc is based, also saw a 19 % decrease year-on-year. However, from the past one fourth, only the Asia-Pacific and Western areas saw growth.
Europe, where Htc is based, also saw a 19 % decrease year-on-year. However, from the past one fourth, only the Asia-Pacific and Western areas saw growth.
Having said that, the organization's telecommunications partnership, Htc Siemens Systems, revealed record earnings. Sales at the department increased by 3 % to €3.5 billion dollars ($4.58bn).
While The lenders deep decrease during the first and second one fourth, the organization's stock price is looking better again. Htc currently looks like this:
While The lenders deep decrease during the first and second one fourth, the organization's stock price is looking better again. Htc currently looks like this:
- Nokia's share price is up more than 8 percent on NYSE pre-market trading, but settling down around 5--6 percent in the early morning;
- Nokia's market cap stands at $11.01 billion, around 92 times less than its peak in 2000;
- Nokia shares have dropped 68 percent since unveiling its Windows phones strategy;
- 15,000 employees lost year-on-year. Currently, Nokia has 105,000 employees across its entire global operations.
