Smartphone Board, not General Nokia Discussion here ...
Good Morning Maurice (and Badger),
General Nokia discussion properly takes place on one of the two Nokia company boards, please ...
Unmoderated: Subject 3710
Moderated: Subject 37377
TIA.
- Eric -
>> Nokia Corporation Q1 2012 Earnings ...
results.nokia.com
• Q1 2012 net sales of EUR 7.4 billion (Q1 2011: EUR 10.4 billion)
• Non-IFRS EPS of EUR -0.08 and reported EPS of EUR -0.25
“We are navigating through a significant company transition in an industry environment that continues to evolve and shift quickly. Over the last year we have made progress on our new strategy, but we have faced greater than expected competitive challenges. We have launched four Lumia devices ahead of schedule to encouraging awards and popular acclaim. The actual sales results have been mixed. We exceeded expectations in markets including the United States, but establishing momentum in certain markets including the UK has been more challenging. At the same time, the lower price tiers of our industry are undergoing a structural change, and traditional feature phones are challenged by full touch devices. As a result we are taking deliberate measures to continue to renew our Series 40 platform, and we plan to strengthen our line-up in Q2 2012. We are making investments in our Mobile Phones business unit aimed at addressing the gaps in our offering. We have a clear sense of urgency to move our strategy forward even faster. We are pursuing step function changes by having launched the Lumia 610 and Lumia 900 in the first quarter, expanding market coverage, increasing advertising, introducing key customer-requested features and broadening our most successful go-to-market activities. At the same time, we have focused our efforts in the low-end of smartphones and feature phone asset to drive improved business results and conserve cash. We are confident in our strategy and focused on responding urgently in the short term and creating value for our shareholders in the long term.”
- Stephen Elop -
NOK1V.HE opened today at €3.02 on the Hex. At 6:51am EDT it traded at €2.96 with a days low of €2.95.
The Q1 Earning CC will be webacast at 8:00 am EDT.
>> Nokia Slips To Loss In Q1 - Quick Facts
NASDAQ (RTTNews)
Apr 18, 2012
nasdaq.com
Nokia Corp. (NOK) reported that its first-quarter loss attributable to equity holders of the parent, on a reported basis, was EUR 929 million compared to net income of EUR 344 million last year. On a per share basis, reported loss was EUR 0.25 compared to net income of EUR 0.09 in the same quarter last year. On a non-IFRS basis, loss attributable to equity holders of the parent for the quarter were EUR 282 million or EUR 0.08 per share, compared to net income EUR 489 million or EUR 0.13 per share in the year ago quarter. ... [Snip Rest: See link above for complete text] ###
>> Nokia Q1 2012 Results - losses all round, CEO recognises a 'clear sense of urgency'
Steve Litchfield, David Gilson
All About Windows Phone
April 19th 2012
allaboutwindowsphone.com
Following last week's profits warning, Nokia has released its formal Q1 2012 Results, reporting a non-IFRS loss of EUR 260 million, on net sales of EUR 7.3 billion (down 29% YoY). Nokia's 'Devices and Services' division's loss was EUR 127 million, compared to a profit of EUR 292 million in Q4 2011). Total smartphone device sales were 11.9 million, compared with 24.2 million units in Q1 2011 (down 51% YoY) and 19.6 million units in Q4 2011 (down 39%, QoQ). Gross profit margins on smartphones in Q1 were 15.6% (down from 28.9% YoY). Quotes and comments [follow]. ... [Snip Rest: See link above for complete text] ###
- IC (Eric L.) - |
