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Re: Nokia posts massive loss, blames 'ambiguity'

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____/ Hardon on Thursday 21 Jul 2011 16:23 : \____

> <http://www.theregister.co.uk/2011/07/21/nokia_q2_2011_massive_loss/>
> <quote>
> Nokia posted a large operating loss of â487m today, only its second
> quarterly loss in 19 years. And without the royalty settlement with
> Apple it would have been much worse: the settlement gifted Nokia a
> one-time bonus of â430m.
> "Our new strategy introduced ambiguity," admitted CEO Stephen
> Elop. The figures tell a story of unit sales and margins both crashing
> dramatically.
> Smartphone units fell 34 per cent year-on-year, from 25.2 million to
> 16.7 million; non-smartphone unit shipments fell from 85.8 million a
> year ago to 71.8 million in Q2 2011, down 16 per cent. Overall, phone
> sales were down 20 per cent from Q2 2010.
> It means Nokia lost its smartphone lead, as predicted, falling to
> third position behind Apple and Samsung. Net sales fell by 11 per cent
> QoQ and were 7 per cent down from a year ago.
> ...
> Elop confirmed that the orphan N9 Linux phone will be "regional" only,
> and that volume shipments of Windows-based devices won't materialise
> until next year.
> </quote>

Elop is the next Belluzo.

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