There’s a 5-inch Nokia Lumia Windows Phone 8 smartphone out in the wild, one that goes by the name of Lumia 929 with Verizon’s logo up front. The Nokia Lumia 929 will be bringing on the Windows Phone 8.1 heat this upcoming season with a 5-inch AMOLED display at 1080 x 1920 pixels. Inside you’ll […]
Today we’ve seen Nokia’s financial Q3 results for 2013 and – though overall numbers leave something to be desired – it would appear that their “smart” phones strategy with Lumia and Asha is working. We’ve had a peek at Nokia’s results and cross-referenced with the IDC’s most recent numbers. We had a chat with the […]
Nokia Reports Net Sales Of €5.66B, €118M Profit, And 8.8M Lumias Sold In Q3
Posted in: Today's ChiliNokia may be going through a hell of a transition period, but it released its fiscal Q3 2013 earnings this morning just like clockwork. The Finnish phone maker (for now, anyway) reported net sales of €5.66 billion (or $7.79 billion) in the quarter ending September, along with a surprise profit of €118 million ($162 million).
To put it mildly, those are big, big gains over Nokia’s past performance – the company posted a €115 million loss last quarter, and a whopping €564 million loss this time last year. Meanwhile, analysts expected the Finnish phone maker to report earnings of zero cents per share (which happens to be in line the figure Nokia put up last quarter) and €5.9 million in revenue in the days leading up to the release.
There’s been a considerable amount of movement on the smartphone front as well, as Nokia reported selling 8.8 million Lumia devices in Q3, up from the 7.4 million sold last quarter and the comparatively dismal 2.9 million back in the year-ago quarter. Former Nokia CEO Stephen Elop ascribed that growth to a slew of recent product releases and some savvy over-investment during its early Windows Phone days, but it probably doesn’t hurt that BlackBerry – the dark-horse candidate for the 3rd place spot in the smartphone race – has definitely seen better days.
But it won’t be long at all before the nature of these earnings releases changes on a fundamental level – after all, Microsoft announced back in September that it would acquire the entirety of Nokia’s Devices and Services business for $7.2 billion in a deal that’ll close in early 2014, so we’ll eventually see the remnants of Nokia focusing on its network and HERE Maps segments. That said, net sales for both divisions this past quarter were down sequentially (NSN, formerly Nokia Siemens Networks, was down slightly with €2.6 billion while HERE dipped to €0.2 billion), making for some generally flat year-over-year growth. That’s far from a bad thing in this case though – as The Verge’s Aaron Souppouris points out, a smaller Nokia that focused solely on networks and mapping would be even more profitable than the beast we see right now.
Meanwhile, that hardware shift wile eventually change the fortunes of both companies. The move is a big (if unsurprising) get for Microsoft, which has been cautiously shifting further into consumer hardware and could use a considerable boost for its Windows Phone platform. Of course, the announcement hasn’t exactly been bad for Nokia either – its stock price jumped shortly after the acquisition news broke and has largely stayed at those elevated levels through today.
That’s not to say that the New Nokia will never again churn out a phone though, as the company will regain to right to sell low-end feature phones in 2016.
This is a developing story, please refresh for updates.
Update: The YouTube video was removed by the user, moments after we published this post; we have therefore removed the embedded player for now. Anybody care to leak another version? A photo and video of the yet-to-be-released Nokia Lumia 929 has been leaked by WPCentral forum member Falorin. The Windows Phone device appears scuffed and […]
Tablets are a positively growing market, where it has also managed to send the netbook market into oblivion along the way. While Android and iOS mobile operating systems happen to be the two mainstream choices when it comes to tablets, Microsoft wants a slice of the action, too. Nokia, having been purchased by Microsoft not too long ago, has been a staunch supporter of the Windows platform for some time now, and they have just introduced the Nokia Lumia 2520 which will run on Windows RT 8.1.
Measuring 8.9mm thick and tipping the scales at slightly more than a pound, the Nokia Lumia 2520 will feature a Full HD 10.1” screen that was constructed out of Gorilla Glass 2 for additional toughness. Apart from that, it was manufactured in such a way to reduce the amount of reflection compared to its competitors, while accompanied by a superior brightness range that ought to let you view your content easily regardless of the lighting around.
4G LTE and Wi-Fi connectivity would make sure that you will remain connected always , regardless of where you are. Running on Windows RT 8.1, the Nokia Lumia 2520 will feature 2GB RAM, 32GB of internal memory that can be expanded via a microSD memory card slot, SkyDrive cloud storage, a quad-core 2.2GHz Qualcomm Snapdragon 800 processor, a 6.7-megapixel Auto Focus ZEISS optics with f1.9 aperture, and a massive 8,000 mAh to keep it going throughout the day.
Of course, what is the whole point of a tablet if it cannot last you throughout the day? The Lumia 2520 is no slouch when it comes to performance, as it sports a battery that can play a video for ten hours non-stop, without requiring a charge. This would get you far enough on long flights, especially if you are not on a plane with a power socket by the side. The battery itself also offers a quick start thanks to its ultra-fast charging time, allowing it to go from zero to 80% charged in just an hour.
[ Nokia Lumia 2520 jumps aboard the tablet bandwagon copyright by Coolest Gadgets ]
This morning the 2013 edition of Nokia World in Dubai was held with the likes of smartphones in the Lumia and Asha lines along with one lovely tablet. This event was meant to show the world that the hardware team at Nokia does not plan to let up now that they’re moving in with Microsoft, […]
Nokia Lumia 1320 hands-on
Posted in: Today's ChiliYou can’t accuse Nokia of merely dipping its toe into the phablet waters: now that Windows Phone 8.1 supports larger screen sizes, it has a pair of big-panel smartphones to offer. The Lumia 1520 takes the flagship tier, but the Lumia 1320 aims at the mid-range, slimming its specs in order to hit a price […]
The phablet world just saw two new monsters roar into town — Nokia’s mammoth 6-inch, 1080p resolution-screened phone, the Gorilla Glass 2-displayed 1520, and a lower-specced 1320. We’ve been lucky enough to get our hands on ’em.
AT&T has announced that it’ll be the exclusive carrier for Nokia’s 6-inch Lumia 1520 smartphone when
Posted in: Today's ChiliAT&T has announced that it’ll be the exclusive carrier for Nokia’s 6-inch Lumia 1520 smartphone
Nokia has just unleashed a number of new mobile devices, ranging from affordable smartphones to the latest in smartphone hardware to Nokia’s first tablet. But a platform is only as good as the apps available for it. So what can we expect to land on these new Asha smartphones and Lumia mobile devices? Read on […]