Monday, October 23, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Apple, Samsung Heading to Court Again
Apple Praises TSMC's Investments, Says iPhones Will be AI an Platform
ARM Boosts IoT Security With Platform Security Architecture
Kaspersky Lab Seeks To Restore Reliability By Opening Software to Review
Pay with Google Speeds Up Checkout
Tesla Said to Set up China Plant
ASUS VivoBook E203 Windows 10 S Laptop Now Available for $229
Sony Releases 7.42 Effective Megapixel Stacked CMOS Image Sensor for Automotive Cameras
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 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 Halts Development of the OZO VR Camera
New Nokia 3310 3G Coming in October
Nokia Receives Decision in Patent License Arbitration with LG Electronics
Nokia 8 Shipped With ZEISS Optics
HMD Launches New Nokia 105 and Nokia 130 Basic Phones
Nokia 6 Smartphone Will be Available on Amazon
Nokia Unveils the World's Fastest Routers
Nokia and Apple Settle All Litigation, Sign Patent License and Business Agreement
Nokia Focuses On Virtual reality With Upgraded 'OZO Reality' Solutions
HMD Brings Nokia's Classic 3310 Phone Back
Nokia Captured 9 Percent Global Feature Phone Marketshare in 2016
BlackBerry Sues Nokia Over Patents

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .