Nokia’s Q3 2012: $9.4 billion in sales, 2.9 million Lumias sold and losses trimmed to $754 million
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Q4 2011: $1.3 billion loss. Q1 2012: $1.7 billion loss. Q2 2012: $1.01 billion loss. Q3 2012: $754 million loss. It seems that Stephen Elop’s financial measures may finally be having the desired effect as Nokia records its first sub-billion dollar quarterly loss for a year. It’s managed to reduce its losses despite a slowdown in Lumia sales — falling from four million last quarter to 2.9 million now, but given that the company is at the end of a product cycle, that’s hardly surprising. It also had positive news to report in its “mobile phone” business, where it sold 77 million (up from 73 million last quarter) dumb, feature and Asha handsets, the latter comprising 6.5 million of the total figure. However, the company’s failure to crack America isn’t helping its fortunes since it only sold around 300,000 units — although those exclusive partnerships with AT&T probably haven’t helped.
Away from device sales, the company’s location and commerce department had a difficult quarter, but the sale of map content licenses (to companies like Amazon) offset the dwindling popularity of standalone GPS units. Nokia Siemens Networks, on the other hand, kept raking in the cash with a $238.5 million profit. The company could also count on its regular check from Microsoft, which kicked in another $250 million to help it through its transition. Overall, it’s been able to stabilize its cash reserves, with the company mattress currently holding $4.66 billion — and with the arrival of Windows Phone 8 and the new Lumias not too far away, it might actually be time to crack open a little bubbly before the crew gets back to work.
Filed under: Cellphones, Mobile, Microsoft, Nokia
Nokia’s Q3 2012: $9.4 billion in sales, 2.9 million Lumias sold and losses trimmed to $754 million originally appeared on Engadget on Thu, 18 Oct 2012 06:01:00 EDT. Please see our terms for use of feeds.
If your contract has expired, or is expiring, you might be interested to learn that the Motorola Droid RAZR HD and the RAZR MAXX HD has been launched on Verizon’s network, right on schedule as promised! You can pick up either handset from Verizon’s website or Amazon Wireless for $199.99 and $299.99 on contract respectively. If this is your first time hearing about the Droid RAZR HD and the RAZR MAXX HD, here’s a quick recap. Both handsets are pretty much identical in terms of hardware specs, but the main difference is that the RAZR MAXX HD will feature a 3,300mAh battery and 32GB of internal storage versus the RAZR HD’s 16GB.
So we know that the Nokia Lumia 920 will be an exclusive to AT&T, while this might be good news for AT&T subscribers, it might not be for those on other networks who might want the Lumia 920 but don’t want to switch carriers, and at the same time don’t want to buy it unlocked at its full retail price. Well according to the folks at WPCentral, one of their sources have tipped them off that the Lumia 920 will be an AT&T exclusive for a good six months, which means that after that hopefully the other carriers will add the Windows Phone 8 handset to their portfolio. However given that the Lumia 820 has been renamed depending on which carrier it lands on, there is a good chance that the Lumia 920 could be renamed to the Lumia 9xx depending on the carrier it goes to after the AT&T exclusivity. So what do you guys think? Anyone planning to wait it out, or will you buy it unlocked, or just get a different phone entirely?
Yesterday we 
