Featured Articles

TSMC: Volume production of 16nm FinFET in 2H 2015

TSMC: Volume production of 16nm FinFET in 2H 2015

TSMC has announced that it will begin volume production of 16nm FinFET products in the second half of 2015, in late…

More...
AMD misses earnings targets, announces layoffs

AMD misses earnings targets, announces layoffs

AMD has missed earnings targets and is planning a substantial job cuts. The company reported quarterly earnings yesterday and the street is…

More...
Did Google botch the Nexus 6 and Nexus 9?

Did Google botch the Nexus 6 and Nexus 9?

As expected, Google has finally released the eagerly awaited Nexus 6 phablet and its first 64-bit device, the Nexus 9 tablet.

More...
Gainward GTX 970 Phantom previewed

Gainward GTX 970 Phantom previewed

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

More...
EVGA GTX 970 SC ACX 2.0 reviewed

EVGA GTX 970 SC ACX 2.0 reviewed

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

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Thursday, 19 July 2012 11:30

Nokia posts €826 million quarterly loss

Written by Fudzilla staff



Lackluster sales, propped up by Redmond


Nokia has released its Q2 financial report and it seems analysts were spot on.

The company managed to ship four million Lumia smartphones in Q2, bringing the total tally to 7 million. Lumia sales doubled compared to the first quarter, but they are still not growing fast enough.

Overall Nokia sold 83.7 million phones, up from 82.7 million in Q1, but down 4.8 million units from last year. Worse, sales of Nokia smart devices dropped from 16.7 to 10.2 million in the space of a single quarter.

This indicates that Symbian is on its merry way to the happy hunting grounds, but Windows Phone is slow to replace it.

Total operating loss was €826 million. The Verge is reporting that Nokia’s figures would have been even worse without a quarterly cheque from Redmond. Money well spent.

More here.



Fudzilla staff

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments