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Nokia shares fall after sales drop

2013-04-18 14:11:53| BBC News | Business | UK Edition

Shares of Nokia fall 13% after quarterly sales of its Lumia smartphones failed to offset a decline in its mobile phone unit.

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Nokia sees improving Windows Phone sales and shrinking loss in Q1

2013-04-18 14:06:54| InfoWorld: Top News

Nokia's sales of smartphones running Windows Phone continued to grow in the first quarter, and its net loss shrank year on year, even as overall revenue declined. The company reported first-quarter sales of 5.85 billion ($7.63 billion), down 20 percent year-on-year, and a net loss of 272 million, smaller than the year-earlier loss of 928 million.

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Update: Nokia sees improving Windows Phone sales and shrinking loss in Q1

2013-04-18 14:06:54| InfoWorld: Top News

Nokia's sales of smartphones running Windows Phone continued to grow in the first quarter, and its net loss shrank year on year, even as overall revenue declined. The company reported first-quarter sales of 5.85 billion ($7.63 billion), down 20 percent year-on-year, and a net loss of 272 million, smaller than the year-earlier loss of 928 million.

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Nokia maintains small opg profit as Lumia sales up 27% in Q1

2013-04-18 12:01:00| Telecompaper Headlines

(Telecompaper) Nokia reported a continued decline in results in the first quarter, but managed to maintain a small operating profit and improve sales of its flagship Lumia smartphones. Revenues fell 20 percent from a year earlier to EUR 5.85 billion, while the adjusted operating result was a profit of EUR 181 million versus a loss of EUR 258 million a year ago. The net loss narrowed to EUR 0.07 per share from EUR 0.25. The main Devices & Services division posted an adjusted operating profit of EUR 4 million, on sales down 32 percent to EUR 2.89 billion. While total smartphone sales were down 49 percent annually and 8 percent from Q4 to 6.1 million units, Nokia managed to improve Lumia sales 27 percent sequentially to 5.6 million. Feature phone sales were down 21 percent year-on-year and 30 percent from Q4 to 55.8 million units, with Nokia blaming stronger-than-usual seasonality and tough competition. Nokia said the difficult market conditions are expected to continue in Q2, when Devices & Services is expected to post a negative adjusted operating margin of around 2 percent, plus or minus four percent points. However sequential growth in Lumia shipments is expected to be higher in Q2 than the 27 percent in the past quarter.

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Nokia CEO Ponders Sensors, Tablets, Sales

2013-02-25 21:41:17| PC Magazine Cell Phones Product Guide

Nokia's CEO Stephen Elop talks wearables and tablets, and is still contemplating Windows 8.

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