Nokia losses widen, sees no improvement in Q3

Thursday 19 July 2012 | 12:06 CET | News
Nokia's losses continued to grow in the second quarter, and the handset maker expects a similar picture in Q3 as it works to regain market share in the important smartphone segment. The company's revenues tumbled 19 percent from a year earlier to EUR 7.542 billion, and the adjusted operating result moved to a loss of EUR 327 million, versus a profit of EUR 391 million a year ago. The net loss widened to EUR 0.38 per share, from EUR 0.10 last year. At the main Devices & Services division, revenues were down 26 percent year-on-year and 5 percent from Q1 to EUR 4.023 billion. In line with its

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Nokia
Countries: World
::: add a comment
This article is part of dossier


Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Nokia expects LTE rollout to boost smartphone sales in NL

Published 08 Jan 2013 10:12 CET | Netherlands
Nokia said that the rollout of LTE in the Netherlands will boost its smartphone sales, the company told Telecompaper. LTE rollout ...

Nokia unveils new Lumia Windows 8 phones

Published 05 Sep 2012 17:05 CET | World
Nokia has unveiled at an event in New York two new Lumia smartphones running Windows Phone 8. The new flagship Lumia 920 ...

Nokia braced for second half of difficult year

Published 16 Aug 2012 12:13 CET | World
Nokia and Windows Phone have struggled through a tough first half as part of the handset maker's transition to the new smartphone ...

Nokia to launch Windows 8 phone soon - CEO

Published 15 Aug 2012 14:26 CET | World
Nokia CEO Stephen Elop confirmed the company will launch soon a new smartphone running Windows Phone 8. Elop made the comment in ...

Moody's downgrades Nokia, outlook negative

Published 23 Jul 2012 15:41 CET | Italy
Moody's Investors Service has downgraded the long-term senior unsecured ratings, the corporate family rating and the probability ...

Fitch downgrades Nokia to 'BB-', outlook negative

Published 23 Jul 2012 10:43 CET | World
Fitch Ratings has downgraded Nokia's Long-term Issuer Default Rating (IDR) and senior unsecured rating to 'BB-' from 'BB+'. The ...

Nokia Siemens revenues, opg margin down in Q2

Published 19 Jul 2012 12:34 CET | World
Nokia Siemens Networks reported second-quarter sales down 12 percent from a year earlier to EUR 3.343 billion. The lower sales ...

AT&T halves Nokia Lumia 900 price

Published 16 Jul 2012 09:14 CET | United States
AT&T has halved the price of the Nokia Lumia 900, now offering the Windows smartphone for USD 49.99. Nokia's first Lumia device ...

Nokia has 'plan B' if Windows fails - chairman

Published 03 Jul 2012 09:11 CET | World
Nokia has a contingency plan in place if Windows Phone 8 fails to live up to expectations, according to chairman Risto Siilasmaa. ...

T-Mobile USA sees success with Windows phones

Published 21 Jun 2012 09:20 CET | United States
T-Mobile USA said it's seeing growing adoption of Windows phones among customers since the launch of Nokia Lumia devices. While ...

Microsoft unveils Windows Phone 8

Published 21 Jun 2012 08:52 CET | World
Microsoft has given a preview of its new mobile operating system Windows Phone 8. Smartphones running the software are expected ...

Nokia warns for poor results, plans 10,000 job cuts

Published 14 Jun 2012 09:43 CET | World
Nokia has outlined plans to cut another 10,000 jobs, as it continues to suffer from tough competition. The company said its ...

Nokia agrees to sell Vertu

Published 14 Jun 2012 09:41 CET | World
Nokia has agreed to terms for the sale of its Vertu luxury phone unit to private equity firm EQT Partners. No financial details ...

Nokia names new management

Published 14 Jun 2012 09:13 CET | World
Nokia has appointed Juha Putkiranta as executive vice president of operations. Nokia has also named Timo Toikkanen as executive ...

Nokia announces app partnerships for Windows phones

Published 08 May 2012 17:05 CET | United States
Nokia announced a number of new application partnerships at the CTIA Wireless show, aimed at boosting the appeal of Lumia Windows ...