Nokia sells “well over” 1m Windows Phones, still makes “1bn loss
Nokia has announced its Q4 2011 financial results, and the large news is Windows Phone sales: “well over 1 million Lumia devices to date” the Finnish company claims. Still, strong out-the-gate demand for the Lumia 800 and Lumia 710 weren’t enough to show Nokia’s ailing books around: the corporate recorded a “954m (.25bn) profit loss in Q4 2011, bringing the ultimate 2011 tally to a “1.073bn (.4bn) loss, down 43-percent year-on-year. Overall sales of devices were down 29-percent year-on-year, with “smart device” shipments right down to 19.6m units from 28.6m a year ago. Gross margin on smartphones also dived, from 28.7-percent to 19.9-percent, though Nokia did at the very least curtail its smartphone expenses by over “150m. “In the war of ecosystems, clearly there are some strong contenders already at the field. And with Lumia, now we have demonstrated that we belong at the field. Our specific intent have been to determine [...]
Technology and Lifestyles
Unlocked Lumia 800 arriving early; Nokia outselling Android on Vodafone?
Nokia’s Lumia 800 will be arriving in unlocked form sooner than expected, with the news that the first stock of the SIM-free smartphone should drop on December 1 rather than sometime in January 2012 as previously announced. The unlocked Windows Phone is now just a week away, according to UK retailer Clove, with pricing set [...]
Technology and Lifestyles
Nokia Exec Says iOS and Android Focus On Apps Is Outdated
Microsoft’s Windows Phone Mango update is just around the corner and that means come September or October, several new Mango handsets, including ones from Nokia, will be butting heads with the Apple iPhone 5 and the myriad of Android devices. And since Nokia’s making a huge bet on the platform, we can expect the company [...]
Technology and Lifestyles