Featured Articles

Apple announces its Apple Watch

Apple announces its Apple Watch

Apple has finally unveiled its eagerly awaited smartwatch and surprisingly it has dropped the "i" from the brand, calling it simply…

More...
Skylake 14nm announced

Skylake 14nm announced

Kirk B. Skaugen, Senior Vice President General Manager, PC Client Group has showcased Skylake, Intel’s second generation 14nm architecture.

More...
Apple officially announces 4.7-inch iPhone 6 and 5.5-inch iPhone 6 Plus

Apple officially announces 4.7-inch iPhone 6 and 5.5-inch iPhone 6 Plus

The day has finally come and it appears that most rumors were actually spot on as Apple has now officially unveiled…

More...
CEO: Intel on target for 40m tablets

CEO: Intel on target for 40m tablets

Intel CEO Brian Krzanich just kicked off the IDF 2014 keynote and it started with a phone avatar, some Katy Perry…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Friday, 09 March 2012 10:06

Nokia details losses and risks

Written by Nedim Hadzic

nokia

WP is the future

Nokia has submitted its annual report to the SEC, providing an insight into company's current situation.

It doesn't take a rocket scientist to see that Nokia is still in bad shape - what was once a giant now looks more like Bear Grylls trying to escape.....well, Symbiania would probably be the right country. You may recall that Nokia posted e €1.4 billion loss and its net sales amounted to €38.6 billion. In comparison, the previous year saw Nokia post €1.3 billion profit and €42.4 billion in net sales.

The company shipped 339.8 million phones in 2011, which is 3 percent lower than in 2010 and has been attributed to the competition's aggressive pricing and lack of a dual-SIM handset in 1H 2011. Nokia's smartphones fared even worse at 77.3 million sold, which is as much as 25 percent less than in 2010. Again, this is down to aggressive competition as well as the gradual demise of Symbian.

The report is quite clear that Nokia's future smartphone success will have much to do with Windows Phone. Nokia's current plan is to support Symbian through 2016, but Windows Phone will be the OS of choice for mid-range and high-end handsets.

More here.


Last modified on Friday, 09 March 2012 10:13
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments