Nokia Posts Net Loss as Handset Sales Decline

Release Date 21 Jul, 2011 in Bloomberg

Nokia set for Q2 loss over Ovi Indian Express - 21 Jul, 2011 Investors braced for more bleak news from smartphone laggard Nokia Oyj on Thursday with the world's largest handset maker likely to post a second-quarter loss and a weak outlook. Nokia delayed releasing its earnings by half an hour to 1030 GMT, ...
Nokia Posts Net Loss as Handset Sales Decline Bloomberg - Diana ben-Aaron - 21 Jul, 2011 An employee uses a Nokia Oyj C7 handset. Nokia sold 88.5 million handsets in the quarter, 20 percent less than a year earlier and missing the 96 million-unit estimate by analysts. ...
	Nokia smartphones squeezed in Asian markets BBC News - 21 Jul, 2011 Nokia's smartphones are facing a squeeze on business at both the top and the bottom end of the market in Asia. The firm is facing tough local competition for cheap phones, while it has yet to regain the initiative from global smartphone rivals. ...
	Nokia set for Q2 loss on fresh smartphone pain Reuters - Tim Chong - 21 Jul, 2011 Staff members speak to trade visitors at the Nokia booth at the CommunicAsia expo in Singapore June 21, 2011. By Tarmo Virki, European Technology Correspondent HELSINKI (Reuters) - Investors braced for more bleak news from smartphone laggard Nokia Oyj ...
Nokia's Investors Brace for Soft Second-Half View Wall Street Journal - Christopher Lawton, Arild Moen - 21 Jul, 2011 When Nokia Corp. reports its second-quarter results on Thursday, all eyes will be on the ailing handset maker's guidance for the second half of this year. Expectations are low. When Nokia Corp. reports its ...
Nokia's Handset Sales Slump May Cut Into $9 Billion Cash Bloomberg - Diana ben-Aaron - 21 Jul, 2011 Except for a recession-related dip in early 2009, Nokia hasn't shipped fewer than 100 million phones in a quarter for the past four years. Except for a recession-related dip in early 2009, Nokia hasn't shipped fewer than 100 million phones in a quarter ...
Nokia slide expected to continue in Q2 Forbes - 21 Jul, 2011 AP , 07.20.11, 01:54 PM EDT HELSINKI -- Nokia Corp. is expected to report shrinking sales and market share as Apple Inc.'s iPhone, Google's Android phones and Asian rivals squeeze the world's No. 1 mobile phone maker. OVERVIEW: In the first quarter, ...
Nokia's uphill battle to recovery CNET - Marguerite Reardon - 21 Jul, 2011 Expectations for Nokia's second-quarter earnings couldn't be any lower. But what about the future? The Finnish company, which is still the No. 1 cell phone manufacturer in the world in terms of volume, has been struggling to keep ...
Nokia 'giving away phones at cost' Register - Andrew Orlowski - 21 Jul, 2011 Nokia's financial results for the second quarter of 2011 are due tomorrow, and the company has already warned investors of very bad news coming. Yesterday, it issued a peek into just how tough things have ...
Tech Queries: Chinese/Korean N8 smart phone and HTC desire Economic Times - ‎Jul 19, 2011‎ I am looking to buy a new phone in the budget of Rs 18000. I have finalized upon the HTC desire and the HTC desire Z. Please suggest which one is better. I have also heard that the battery performance of most android phones is terrible. Is it true? ...
Stop Laughing And See How Nokia Stock Hits $9 Forbes (blog) - ‎Jul 19, 2011‎ Nokia stock has declined from a high of $11.70 in February before sliding to below $6 today. Our price estimate for Nokia of about $9 implies a premium of about 70% over the market price. Over the last few years Nokia has struggled to gain ground in ...
Nokia struggling to keep pace with smartphone giants ITvoir - 21 Jul, 2011 Nokia, the largest phone maker by volume, is continuously losing its shares to competitors including Apple and Google. Sources revealed that the company is expected to report loss in second-quarter earnings. The Finnish mobile maker to revive its ...
	Which is the best Nokia camera smartphone? NokNok.tv - Martin James - 21 Jul, 2011 You'll find a camera on board even the most basic of phones these days, but if you're a keen mobile photographer you'll want more than just the basic snapper. Fortunately, Nokia is renowned for the strength of its cameras, ...
	Apple's 20M iPhones Throws the Gauntlet to Nokia and Samsung Bright Side of News* - Theo Valich - 21 Jul, 2011 The first of the five biggest smartphone makers announced their results for the second quarter 2011 with Apple announcing 20.3 Million iPhones. Wow. That is a monster quarter by Apple not because it grew by 9% quarter-on-quarter (three months ago the ...
Five reasons why the Nokia X7 is the coolest cowboy in town NokNok.tv - Martin James - 21 Jul, 2011 A new video ad has just popped up for the Nokia X7, showcasing the Symbian Anna powerhouse as a cowboy ready to take down any rival. And for our money it's a role that suits the 4-inch screened wonder pretty well. ...
Mobile Review: Nokia E6 Pro Smartphone DigitalVersus - Catherine Barraclough - 21 Jul, 2011 With the latest new and improved version of the Symbian OS, known as Anna, the Nokia E6 is a smartphone with a full physical keyboard that's clearly aimed at business users. That said, this handset could also be of interest to anyone who mainly uses ...
Extent of Nokia's Woes to Be Laid Bare in Latest Earnings Report All Things Digital (blog) - Ina Fried - 21 Jul, 2011 Indeed, the company has already warned that this quarter will be brutal. The main question Nokia will answer in its earnings report Thursday (overnight for those of us in the States) is just how bad it expects things to get in the second half of this ...
Price Is Right for Nokia's Windows Phone Light Reading - 21 Jul, 2011 Falling smartphone prices are one reason why Windows Phone, despite a slow start, is well positioned to overtake Android in market share as soon as 2013. Pyramid Research 's forecast that Microsoft Corp. (Nasdaq: MSFT)'s operating system would lead the ...
	Nokia to Slash Handset Prices by 10 percent in Q4 International Business Times - 21 Jul, 2011 By IB Times Staff Reporter \| July 19, 2011 8:35 AM EDT With the growing momentum in the smartphone market, Nokia is pushed to slash the price of its handset by 10 percent in Q4 of 2011 to boost its sales globally. Eldar Murtazin posts the news on his ...
	Nokia Q2 Results: What to Watch for International Business Times - 21 Jul, 2011 By IB Times Staff Reporter \| July 20, 2011 10:11 AM EDT Nokia is scheduled to report its second-quarter results on Thursday, July 21, before the market opens. Wall Street expects the Finnish company to report earnings of 3 cents a share on revenue of ...
Nokia facing sales drop Warc - 21 Jul, 2011 HELSINKI: Nokia is facing a further sales decline as users turn to Android-powered handsets, new forecasts have suggested. According to new estimates from Bloomberg, Nokia's second quarter shipments are likely to be down 14%, pushing the firm to a ...
4 Risks to Our Nokia Estimates Pre-Earnings Trefis (subscription) - 21 Jul, 2011 Nokia (NYSE:NOK) stock has taken a beating in the last few months, and its stock has declined from more than $10 at the beginning of the year to around $5.50. In a recent note we looked on why our estimates are well ahead of the markets, ...
Nokia Literally Giving it Away Mobiles Please Blog (blog) - 21 Jul, 2011 Nokia have made an interesting announcement on profit margins; they make 6.2% on their smartphones and 16.4% on basic phones. The old, basic phones that go to the pay as you go and emerging markets are reasonably profitable then, but their flagship ...
Apple becomes the smartphone champion-elect Mobile Business Briefing (blog) - ‎Jul 20, 2011‎ Apple may have just become the world's largest smartphone vendor. It's worth reading that sentence again, because it's a bone fide bombshell. This is a company that only entered the market in 2007, has just one device (the iPhone), prices at a premium, ...
Nokia: This Stock May Surprise You. Here's Why Seeking Alpha - Brian Nichols - ‎Jul 20, 2011‎ Today, we will be looking at the only company in the NYSE to have a market cap of over $20 billion that has lost over 37% of its value over one year, or 47% year to date. The company I am speaking of is Nokia Corporation (NOK) the mobile product giant. ...
	The price that we pay Business Line - Harish Bhat - ‎Jul 20, 2011‎ Nokia slashed the prices of a large range of phones to fend off competition from cheap unbranded handsets and smart phones powered by Google Inc's Android. How do consumers evaluate the price of products and services? Two weeks ago, Nokia announced a ...
Analysis: Cash management to the fore as businesses feel the pinch Procurement Leaders News - Richard Edwards - ‎Jul 20, 2011‎ The worst of the financial crisis may be over, but if a legacy of the 2008 collapse remains, it's the focus that many companies are still placing on cash management - which is why Nokia's 2011 woes have rarely been far from the headlines. ...
	It's All about Choosing Mobile Phone Smartly! News Tonight - Shreya Basu - ‎Jul 20, 2011‎ These days, mobile phones have become a necessity. Therefore, before buying one, one should have clear idea about its requirement. These days, almost all of the branded mobiles offer greater and wide option to their customers. ...
Nokia may drop mobile prices SmartCompany.com.au - Patrick Stafford - ‎Jul 19, 2011‎ Manufacturing giant Nokia may drop its mobile prices by the end of the year, new reports have suggested, in order to increase sales. The report comes as Nokia is preparing to launch its first Windows models by the end of the year, as part of its ...
The Brilliant Nokia E6 Features An 8 Megapixel Camera Market Press Release (press release) - ‎Jul 19, 2011‎ The Nokia E6 is one of a number of new smartphone from the manufacturer to offer a number of features which are greatly improved over similar previous models. Market Press Release �" July 19, 2011 9:56 pm �" The Nokia E6 is one of a number of new ...