Nokia CEO 'Stephen Elop' didn't think twice about admitting the Finnish company's "difficult Q2" struggles, the months of April through June proved to be an effective insight on how much the phone juggernaut [previously] has massively declined in sales despite the successful Lumia shipments. The company has posted a massive net loss of about 1.41 billion euros or 1.74 billion US dollars -- more than twice the amount that they have predicted earlier, Nokia needs to hire new financial analysts (pun intended). What's even more troublesome is the fact that Nokia's dreadful Q2 net loss this year has been amplified by four times when compared to the 368 million euros back in 2011 of the same period -- more than twice the amount previously anticipated by their analysts. Nokia's smartphone net sales has also decreased by 5% (quarter by quarter) since the sales of Symbian phones has dropped too but this does not seem to pose any signs of concern for the company largely due to the fact that it is partially offset by the higher Lumia net sales. It's not all bad news for Nokia though, Elop is still positive that the partnership between Microsoft and his company will result into something great despite the continuous rise of Android and iPhone sales internationally. Read more in our articles including "Nokia posted a $1.72 billion Net Loss" and "AMD Radeon RX 9070 GRE announced".
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Jun 1, 2008Nokia CEO 'Stephen Elop' didn't think twice about admitting the Finnish company's "difficult Q2" struggles, the months of April through June proved to be an effective insight on how much the phone juggernaut [previously] has massively declined in sales despite the successful Lumia shipments. The company has posted a massive net loss of about 1.41 billion euros or 1.74 billion US dollars -- more than twice the amount that they have predicted earlier, Nokia needs to hire new financial analysts (pun intended).
What's even more troublesome is the fact that Nokia's dreadful Q2 net loss this year has been amplified by four times when compared to the 368 million euros back in 2011 of the same period -- more than twice the amount previously anticipated by their analysts. Nokia's smartphone net sales has also decreased by 5% (quarter by quarter) since the sales of Symbian phones has dropped too but this does not seem to pose any signs of concern for the company largely due to the fact that it is partially offset by the higher Lumia net sales. It's not all bad news for Nokia though, Elop is still positive that the partnership between Microsoft and his company will result into something great despite the continuous rise of Android and iPhone sales internationally.
Our coverage of nokia profits includes: "Nokia posted a $1.72 billion Net Loss"; "AMD Radeon RX 9070 GRE announced"; "GPD MicroPC 2 with Intel Core 3 N350 announced". Each article provides unique insights and information.