Error
  • JUser::_load: Unable to load user with id: 67

Featured Articles

Nvidia GTX 980 reviewed

Nvidia GTX 980 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Nvidia adjusts GTX 980 and GTX 970 pricing

Nvidia adjusts GTX 980 and GTX 970 pricing

It appears that Nvidia has been feeling the pulse of the market and took some note from comments regarding the original…

More...
iPhone 6 and 6 Plus reviews are up and they are good

iPhone 6 and 6 Plus reviews are up and they are good

Apple is dancing the same dance year after year. It releases the iPhone and two days before they start shipping it…

More...
Amazon announces three new tablets

Amazon announces three new tablets

Amazon has just released three new tablets starting with the $99 priced 6-inch Kindle Fire HD6. This is a 6-inch tablet…

More...
PowerColor TurboDuo R9 285 reviewed

PowerColor TurboDuo R9 285 reviewed

Today we will take a look at the PowerColor TurboDuo Radeon R9 285. The card is based on AMD’s new…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Thursday, 21 July 2011 12:48

Nokia reports disappointing quarterly results

Written by


WP7 handsets can’t come too soon
Nokia posted some very disturbing quarterly results on Thursday morning. The Finnish mobile giant seems to be in a flat spin and CEO Stephen Elop is conceding that the situation is anything but rosy.

Nokia’s operating profit is down 44 percent since Q1 and sales of mobile devices are down 23 percent sequentially. Sales of mobile phones and smartphones are down, along with average selling prices.

Elop described the results as “clearly disappointing” and went on to say that competitive pressures are continuing. He tried to paint a somewhat more positive outlook for the rest of the year, thanks to Nokia’s clear strategy and several major product launches.

Elop is clearly betting on Windows Phone 7 to turn things around towards the end of the year. Still, there is no denying Nokia is facing its most serious crisis since the days of making gas masks and army boots for the Finnish military.
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments