Thursday, September 18, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Oracle's Ellison Steps Down
Qualcomm Announces Vuforia for Digital Eyewear, LTE Broadcast SDK, Demos Upcoming 810 SoC
Dropbox, Google, Open Technology Fund, Security Researchers Announce Simply Secure
Apple And U2 To Develop New Digital Music Format
AT&T Launches High-speed U-verse Service for Businesses
AMD Moves Closer To The Introduction Of Project FreeSync Monitors
Ericsson to Shut Modem Business
VIA Launches ARTiGO A900 Android System For IoT and M2M Deployments
Active Discussions
Yamaha CRW-F1UX
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
 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 130 Coming To Stores
Microsoft To Drop The Nokia Branding
New Updates for The Nokia X2
IFA: New Nokia Lumia Smartphones Come With Enhanced Imaging Capabilities
Nokia Networks Completes Acquisition of SAC Wireless
Nokia Networks to buy Part of Panasonic's Wireless Network Business
Lumia 530 Entry-level Windows Phone Released
Panasonic Seeks To Sell Its Mobile Base Station Business to Nokia
Lumia Cyan Update Now Available
Lumia 930 On Goes On Sale This Week
Nokia to buy SAC Wireless
Lumia 635 Launches in U.S.

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .