Sunday, February 25, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
MWC: The Cat S61 Smartphone Measures Distances, Senses the Quality of Air
MWC: TCL Introduces Alcatel 5, 3 and 1 Smartphone Series, Android Oreo Smartphone and Tablets
IBM Researchers Talk About the Future of EUV at SPIE
Xiaomi and Microsoft Expand Their Collaboration in cloud, Devices and AI Areas
Google's Augmented Reality SDK ARCore 1.0 Released, Google Lens Updated
Google Assistant is Going Global
TEAC Releases New Reference Series Hi-Res Audio Models
First Affordable Android Go Smartphones Coming Next Week
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 S...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, July 18, 2013
Nokia Sales Lower Than Expected


Nokia on Thursday said its sales continued to drop in the second quarter, while it managed to reduce its net loss amid continued cost-cuts.

Nokia said it shipped 7.4 million Lumia smartphones in the quarter, up 32 percent from the first quarter.

Sales of regular mobile phones, which still account for over half of its device revenues, were also weaker than expected. Shipments of such handsets fell to 53.7 million units, far lower than the market's average forecast for 56.2 million.

The Finnish cellphone maker said second-quarter sales fell to 5.7 billion euros ($7.49 billion) from 7.5 billion euros in the same period last year. Net loss for the April-June period was 227 million euros, compared to a net loss of 1.41 billion euros a year earlier.

Commenting on the second quarter results, Stephen Elop, Nokia CEO, said:

"We're pleased to report an underlying operating profit for the fourth consecutive quarter on a group level. We benefited from another strong performance at Nokia Siemens Networks, which continued to deliver well against its focused strategy. With our recent announcement to purchase Siemens' 50% stake in Nokia Siemens Networks, we believe we will create value for Nokia shareholders and look forward to strengthening Nokia Siemens Networks as a more independent entity.

In Devices & Services, our Mobile Phones business unit started to demonstrate some signs of recovery in the latter part of the second quarter following a difficult start to the year. Also, towards the end of the second quarter, we started to ship the Asha 501, which brings a new design and user experience to the highly competitive sub-100 USD market. While we are very encouraged by the consumer response to our innovations in this price category, our Mobile Phones business unit is planning to take actions to focus its product offering and improve product competitiveness.

In our Smart Devices business unit, we continue to focus on delivering meaningful differentiation to consumers around the world. We are very proud of the recent creations by our Lumia team, from the Lumia 520 - our most affordable Windows Phone 8 product which has enjoyed a strong start in markets like China, France, India, Thailand, the UK, the US and Vietnam - to the Lumia 1020, our star imaging product which we unveiled to the world last week. Overall, Lumia volumes grew to 7.4 million in the second quarter, the highest for any quarter so far and showing increasing momentum for the ecosystem. During the third quarter, we expect that our new Lumia products will drive a significant part of our Smart Devices revenue."


Previous
Next
New Sony SD card Aimed At Laptop Backups        All News        TSMC Reports Q2 Profit Up
Intel, Universities Explore 5G Wireless     Mobiles News      HTC mini Comes With 4.3-inch Display And Snapdragon 400

Get RSS feed Easy Print E-Mail this Message

Related News
Nokia ReefShark chipsets Deliver Performance Gain in 5G Networks
Nokia to Supply 5G Equipment to NTT DOCOMO
Upgraded Nokia 6 Packs More Power and RAM
Nokia, T-Mobile US and Intel Collaborate to bring T-Mobile's First Commercial Hardware Based 5G 28 GHz Cell on Air
Nokia and Huawei Sign Patent License Agreement
BlackBerry to Pay Nokia $137 Million in Contract Dispute
Nokia 2 With 4100mAh Battery Announced in India
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

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .