wordpress blog stats
Connect with us

Hi, what are you looking for?

,

Nokia Net Loss At EUR 954M; Overall Handset Sales Down 29% YoY; 1M Lumia Devices Sold Till Date

Nokia continues to report losses in quarter ended 31st December 2011. The company reported net sales of EUR 10 billion for the quarter, down 21% year-on-year but up 11% sequentially, and its operating losses were at EUR 954 million in contrast to operating profits of EUR 884 million, that it registered in Q4-2010. Nokia CEO, Stephen Elop said that the company was pleased with the performance of its mobile phones business, which benefited in Q4 from sequential double-digit percentage growth in its dual SIM business, with particular strength in India, Middle East and Africa and South East Asia. - In October, it introduced the Asha 200, 201, 300 and 303, which brought new mobile phones into 76 markets across the world. - Nokia introduced Lumia to consumers in Europe, Hong Kong, India, Russia, Singapore, South Korea and Taiwan. - The company claims to have sold 1 million Nokia Lumia devices till date (Not clear if the date was 26th Jan 2012 or the quarter ending) . The devices and services segment business of handset major Nokia contributed EUR 5.9 billion to net sales for the quarter ending December 31st 2011, down 29% year-on-year but up 11% sequentially. The segment reported operating profits of EUR 203 million compared to operating profits of EUR 1.08 billion that the company reported in the same quarter, last year. Smartphone sales decreased by 38% Year on Year and 25% Quarter on quarter, while mobile phone sales (other than smart phones) witnessed a decline of 23% YoY and an increase of 4% QoQ. Gross margin(Non IFRS)…

Please subscribe/login to read the full story.
Written By

Free Reads

News

Foreign fintech entities like Google Pay and PhonePe are dominating the UPI market and CCI has been urged to regulate this in the past.

News

During a recent discussion organized by the Council for Strategic and Defence Research, Berges Malu, the senior director of public policy and communications at...

Drones Drones

News

Once the system receives the required validation, five more such MDVs will be introduced into the Commissionerate Police fleet

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ