Nokia loses $529 million in second quarter

Release Date 22 Jul, 2011 in San Francisco Chronicle

 
   

Nokia's China Dominance Under Threat

Bloomberg - Diana ben-Aaron - 22 Jul, 2011
Visitors wait outside the gate of the Nokia China Campus in Beijing, China. Photographer: Doug Kanter/Bloomberg July 22 (Bloomberg) -- David McQeeen, an analyst at Informa Telecoms and Media, ...

Apple topples Nokia to become top smart phone seller

Hindustan Times - 22 Jul, 2011
Apple has toppled Nokia to become the world's number one smart phone seller. In its second-quarterly results on Thursday, the Finnish cellphone company reported shipment of 16.7 million smart phones. But during the same period Apple shipped 20.3 ...

As Bad As It Seems Now, Nokia's Future Looks Worse

BusinessWeek - Kevin C. Tofel - 22 Jul, 2011
After revising its earnings estimates downward in May, Nokia on Thursday shared abysmal results for the second quarter. The onetime clear leader of the first smartphone era has tumbled down to what looks like the third spot for ...

Apple pips Nokia in smartphone wars

The Australian - 22 Jul, 2011
APPLE has crushed its rival Nokia to become the world's biggest smartphone seller, just five years after launching the iPhone. Nokia has lost the global crown it has held for 15 years and is likely to fall to third place behind Samsung after shipments ...

Nokia loses $529 million in second quarter

San Francisco Chronicle - 22 Jul, 2011
That's how much Nokia lost in the second quarter. The Finnish cell phone maker reported financial results on Thursday, and the bad news was even worse than expected. CEO Stephen Elop, who arrived from Microsoft last year, is struggling to sell handsets ...

Nokia falls to a loss as Apple claims lead in smartphones

The Independent - Nikhil Kumar - 22 Jul, 2011
Nokia slipped into the red over the second quarter as it lost ground to Apple, the Californian group which became the world's biggest smartphone producer by volume in the three months to June. The Finnish group, the first mover in the ...

Nokia's relinquishes top spot to Apple

Globe and Mail - 22 Jul, 2011
Nokia Corp. NOK-N's long slide from the top of the wireless sector has hit a new low, with rival Apple Inc. AAPL-Q overtaking the Finnish cellphone giant as the world's largest smart-phone maker. Nokia reported its second-quarter earnings on Thursday, ...

Nokia loses smartphone crown to Apple

Economic Times - 22 Jul, 2011
HELSINKI: Mobile phone maker Nokia Corp on Thursday posted a loss of 368 million ($523 million) in the second quarter and for the first time was overtaken by Apple's iPhone in smartphone shipments. Nokia, which posted a profit of 227 million in the ...

Nokia Needs a Windows Phone (Badly)

PCWorld - Ed Oswald - 22 Jul, 2011
Once the darling of the smartphone industry, Finnish phone manufacturer Nokia is now finding itself adrift. The company recently lost its lead as the largest phone manufacturer to Apple, shipping only 16.7 ...

Nokia outlook brings relief to wary investors

gulfnews.com - 22 Jul, 2011
Helsinki: Nokia said it expected its struggling cell phone business to remain profitable in the third quarter, bringing some relief to investors after it lost its lead in the smart phone market to rival Apple. Nokia, the world's largest phone maker by ...

Nokia Loses To iPhone, Smartphone Sales Down 31%

InformationWeek - Eric Zeman - 22 Jul, 2011
After calling the iPhone a toy, Nokia falls behind Apple in smartphone sales and reports weak second quarter earnings. By Eric Zeman InformationWeek During the second quarter of 2011, Nokia sold 16.7 million smartphones. That's a 31% drop from the ...

digits: Nokia Posts Loss, Sees Challenges Ahead

MarketWatch - 22 Jul, 2011
Nokia, freshly overtaken by Apple as the world's biggest smartphone provider, posted a net loss of $610 million for the second quarter this year. But funds derived from patent royalties - from a dispute with Apple, no less - helped Nokia out a bit. ...

Nokia Promises Windows Phone This Year

TIME - Jared Newman - 22 Jul, 2011
This is My Next confirmed the news with Nokia spokesman Ray Haddow, which is good, because you might not get the message from CEO Stephen Elop's corporatespeak: "Step by step, beginning this year, we plan to have a ...

Nokia Posts Loss but Pulls in IP Royalties

Wall Street Journal - Christopher Lawton, Arild Moen - 22 Jul, 2011
Nokia Corp., freshly overtaken by Apple Inc. as the world's biggest smartphone provider, reported a net loss for its second quarter, but a €430 million ($610 million) boost from intellectual-property royalties, ...

Apple beats Nokia in smartphones category

Economic Times - 22 Jul, 2011
NEW YORK: Apple has beaten world's largest mobile phone maker Nokia in the smartphones category, an area the Finnish company had been losing ground to the US tech giant since the iPhone hit the market, as per the April-June quarter results filed by the ...

Nokia drops into the red as smartphone sales fall

ZDNet UK - Ben Woods - 22 Jul, 2011
Nokia's earnings slumped to a loss in the second quarter, as the handset maker struggled to keep hold of market share for its smartphones and mobile devices. Nokia's earnings slumped in the second quarter of ...

Nokia slumps to loss as sales falter again

AFP - 22 Jul, 2011
HELSINKI â€" Finland's Nokia, struggling to hold onto its place as the world's number one mobile phone maker, slumped Thursday to only its second quarterly loss since 1998 as sales continued to fall. Having pinned its hopes for recovery on a tie-up with ...

INTERVIEW: Nokia Symbian Low-End Phones Can Compete Vs Android

Wall Street Journal - Arild Moen - 22 Jul, 2011
HELSINKI (Dow Jones)--Nokia Corp.'s (NOK) Symbian-based feature phones sold well in the second quarter and proved they can compete against Android-based handsets in the low-end of the market, according to the ...

Nokia abdicates smartphone crown to iPhone

Reuters - Tim Chong, Joanne Frearson - 22 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) - Ailing Nokia on Thursday surrendered its lead in the global smartphone ...

Nokia's disastrous quarter spells big trouble for Windows Phone 7

Computerworld (blog) - 22 Jul, 2011
Nokia's just-released disastrous results for the second quarter aren't just bad news for Nokia --- it means big trouble for Microsoft and Windows Phone 7 as well. At this point, it looks as if two drowning mobile efforts are trying to save each other. ...

Nokia: death or glory

Telegraph.co.uk - Matt Warman - 22 Jul, 2011
Nokia's poor results show that the mobile phone giant will need to produce stellar products if it is to make a success of its shift to Windows Phone 7. It might just do it, says Matt Warman By Matt Warman, Consumer Technology Editor Smartphone sales ...

Go Back to Your Roots Nokia and Make Great Dumb Phones

Wall Street Journal (blog) - Ben Rooney - 22 Jul, 2011
On the day that Nokia publishes its eye-watering results with its tale of jam yesterday and the promise of jam tomorrow, perhaps they should pack it all in and go back to their roots. Not as far back as rubber boots, but making good, ...

Despite Apple Deal, Nokia Takes Big Hit

PC Magazine - Sara Yin - 22 Jul, 2011
Nokia is lucky it won that patent lawsuit against Apple in June, which forces Cupertino to pay Nokia an undisclosed amount in licensing fees for all past and ongoing use of its technology. The royalties, which reportedly added an immediate ...

Nokia posts near €500m loss as sales slump - reaction

Telegraph.co.uk - 22 Jul, 2011
As Nokia continues its slide in the mobile phone market, with sales of its smartphones down by a third, here's what analysts made of it all. Nokia has also lost its long-held lead in the smartphone market, shipping just 16.7 million smartphones ...

Investors Buy In As Nokia Posts Big Loss

Sky News - 22 Jul, 2011
Mobile phone maker Nokia has posted its first quarterly loss for 18 months, fallen further behind Apple's iphone but cheered investors with an improved outlook. The company, which has lost 50% of its share value since February, made a loss of £320m in ...

Nokia: 'It's Hard Not to Despair'

Wall Street Journal (blog) - Adrian Kerr, Sven Grundberg - 22 Jul, 2011
With Nokia's second quarter results out of the way and little significant progress expected by the next quarter, the focus once again shifts to just when will the company ship its first Windows-based device. ...

Nokia reports loss of €368m

The Guardian - 22 Jul, 2011
Nokia has reported a loss for the second quarter. Photograph: Jussi Helttunen/AFP/Getty Images The Finnish phone-maker Nokia crashed to a loss for the second quarter as its smartphone and mobile business collapsed, leaving it in third place in the ...

Nokia: Q2 dreadful, but at least it's closer to Windows Phone 7

ZDNet (blog) - Larry Dignan - 22 Jul, 2011
Is Nokia is prepared to carpet bomb the planet with Windows Phone 7 devices hitting every price point so it can recover from its lost 2011? Larry Dignan is Editor in Chief of ZDNet and SmartPlanet as well as ...

Why is anyone surprised by Nokia's poor 2nd quarter performance?

ZDNet (blog) - Matthew Miller - 22 Jul, 2011
Matthew Miller started using a Pilot 1000 in 1997 and has been writing news, reviews, and opinion pieces ever since. He is one of three hosts on the MobileTechRoundup podcast and runs the Nokia Experts ...

Nokia posts massive loss, blames 'ambiguity'

Register - Andrew Orlowski - 22 Jul, 2011
Nokia posted a large operating loss of €487m 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 ...

 

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