Friday, July 03, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
ARCHOS Unveils the ARCHOS 50d Helium
July 29 Won't Be The Day You'll Get Your Windows 10 Upgrade
Windows 7 Remains The Leading Operating System
Intel President To Leave The Company
Intel Compute Stick Comes With Ubuntu
Nintendo Wants To Surpise With New NX Console
South Korean Display Makers To Provide Flexible Display For Next Apple Watch: analyst
Hewlett-Packard Officially Files to Split
Active Discussions
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
 Home > News > Mobiles > Nokia P...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, October 18, 2012
Nokia Posts Loss, Expects Growth Through New Lumia Sales


Nokia reported another quarterly loss on Thursday, although results were better than expected. Now the company hopes next month's launch of new Lumia smartphones could help the copmpany gain some market share.

Third-quarter net loss widened to 969 million euros ($1.27 billion) from 68 million euros a year earlier, Nokia said today in a statement.

Nokia's quarterly underlying loss before one-off items was 0.07 euros per share compared to a profit of 0.03 euros a year earlier. The company's net cash position fell to 3.6 billion euros ($4.7 billion) by the end of the quarter from 4.2 billion in June.

"As we expected, Q3 was a difficult quarter in our Devices & Services business; however, we are pleased that we shifted Nokia Group to operating profitability on a non-IFRS basis," said Stephen Elop, Nokia CEO.

The third-quarter results were helped by the company's telecoms equipment company, Nokia Siemens Networks which the company said had achieved record profits.

"Nokia Siemens Networks had a remarkable quarter in which we achieved record profitability on a non-IFRS basis and the Nokia Siemens Networks cash balance increased for the fourth quarter in a row," Elop added.

Nokia has fallen behind rivals in smartphones, and hopes that its partnership with Microsoft and the release of the new Lumia 820 and 920 phones next month would help the company compete with Samsung and Apple.

Elop said that Nokia's new Asha full touch smartphones received positive consumer response, which was translated into strong sales.

In Location & Commerce, Nokia made progress establishing its platform offering with customers like Amazon. "This is in line with our plan to expand our location offering to more customers," Elop added.


Previous
Next
Acer Takes On Google Nexus 7 With New Iconia A110 Tablet        All News        AOL Releases Alto Cloud-based Email App For Gmail, Yahoo Mail, AOL Mail And .Mac
Contract-free Samsung Galaxy S III Available From MetroPCS     Mobiles News      Japan Display's Showcases Display Prototypes for Smartphone, Tablet and Automotive Applications

Get RSS feed Easy Print E-Mail this Message

Related News
Nokia, SKT Team Up On 5G Research
Nokia To Return To Phone Business Next Year
Nokia Networks to Acquire Eden Rock
Judge Rules in Favor of InterDigital in ITC Action Involving Nokia, Microsoft
Nokia Won't Return To Phone Manufacturing
Nokia to Buy Alcatel-Lucent
Nokia May Buy Alcatel-Lucent Wireless Business
Nokia 215 Unveiled
Lumia 635 Comes to Boost Mobile, Virgin Mobile USA and Sprint
Nokia's First Brand-licensed Product Is The N1 Android Tablet
Nokia Teases With Mysterious New Product
Nokia Brand May Return In The Future: CEO

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .