Monday, January 26, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Microsoft Reports Second Quarter Results
Smart TVs Could Be Hackers' Next Target
Oculus Forms Virtual-reality Film Studio
Dell Launches Malware Protection and Detection Service
Motorola Returns To The Chinese Market with Three New Phones
LG Display Buys Rights To Use New OLED Technology
Turkish Court Orders Facebook to Remove Pages Insulting Mohammad
Malaysia Airlines And Russian Dating Sites Topface Websites Hacked
Active Discussions
Sound card for my Laptop
full screen wide screen
Hi
About the restriction problem of chapter quantity in DVD
Booktype utilities for LiteON and OEM DVD Recorders
downgrade a nero vision 5 project to nero vision 2
what is the minimum burning speed
GSA-4163B and bitsetting
 Home > News > Mobiles > Nokia' ...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, April 18, 2013
Nokia' Loss Shirnking But Phone Sales Remain Low


Nokia's sales of smartphones running Windows Phone continued to grow in the first quarter, although the demand for its basic phones was low in Q1. The company's net loss shrank year on year, even its overall revenue declined.

The company reported first-quarter sales of €5.85 billion (US$7.63 billion), down 20 percent year-on-year, and a net loss of €272 million, smaller than the year-earlier loss of €928 million.

Revenue at Nokia's handset business slumped 32 percent to 2.89 billion euros.

Nokia sold a total of 61.9 million mobile phones during the three months, of which 6.1 million were smartphones. Sales of the flagship Lumias running Microsoft's Windows software rose to 5.6 million units from 4.4 million in the fourth quarter as Nokia added versions.

"At the highest level, we are pleased that Nokia Group achieved underlying operating profitability for the third quarter in a row. While operating in a highly competitive environment, Nokia is executing our strategy with urgency and managing our costs very well," said Stephen Elop, Nokia CEO. "We have areas where we are making progress, and areas where we are further increasing the focus. For example, people are responding positively to the Lumia portfolio, and our volumes are increasing quarter over quarter. Nokia Siemens Networks delivered another strong quarter and contributed to an overall improvement in Nokia Group's cash position. On the other hand, our Mobile Phones business faces a difficult competitive environment, and we are taking tactical actions and bringing new innovation to market to address our challenges," he added.

Phablet in the pipeline?

In related news, Nokia is rumored to ship a phablet in order to compete with other devices and to suppliment a relatively slow growth in Lumia sales, the Financial Times reported.

The device is suggested to be similar in size to the Samsung Galaxy Note, but with a higher specification, and will also run Windows Phone as its operating system, the report added.

The report mentions that the first phone with Pureview imaging technology would be launched in July, one with a 40-megapixel camera and flash.


Previous
Next
MSI Launches 27" Gaming All-in-One PC        All News        Strong Demand For Mobile Chips Boost TSMC's Results
Yahoo Releases Weather And Mail Apps     Mobiles News      HTC, LG and Samsung Join Power Matters Alliance

Get RSS feed Easy Print E-Mail this Message

Related News
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
Microsoft's First Nokia-free Lumia Coming Next Week
Lumia 635 Coming to Cricket Wireless
Lumia 830 Coming to AT&T With Free Fibit Flex
Microsoft To Keep Nokia Brand For Low-end Smartphones
New Portable Power Charger For Microsoft Phones
Nokia 130 Coming To Stores
Microsoft To Drop The Nokia Branding

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 .