Featured Articles

Analysts expect ARM to do well next year

Analysts expect ARM to do well next year

British chip designer ARM could cash in on the mobile industry's rush to transition to 64-bit operating systems and hardware.

More...
Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Huawei and Xiaomi outpace Lenovo, LG in smartphone market

Samsung has lost smartphone market share, ending the quarter on a low note and Xiaomi appears to be the big winner.

More...
Intel Broadwell 15W coming to CES

Intel Broadwell 15W coming to CES

It looks like Intel will be showing off its 14nm processors, codenames Broadwell, in a couple of weeks at CES 2015.

More...
Gainward GTX 980 Phantom reviewed

Gainward GTX 980 Phantom reviewed

Today we’ll be taking a closer look at the recently introduced Gainward GTX 980 4GB with the company’s trademark Phantom cooler.

More...
Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac ZBOX Sphere OI520 barebones vs Sphere Plus review

Zotac has been in the nettop and mini-PC space for more than four years now and it has managed to carve…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Thursday, 19 July 2012 09:43

Analysts expect Nokia to post steep Q2 loss

Written by Peter Scott



Lumia sales estimated at 4 million units


Analysts are expecting Nokia to announce hefty losses in Q2 later on Thursday. It all hinges on Lumia sales and they don’t appear to be growing as fast as expected.

Nokia just can’t get a break. Just as it seemed its Lumia series smartphones were starting to gain traction, Microsoft stepped in and told the world that all Windows Phone 7.x won’t be compatible with Windows Phone 8. Analysts now estimate that Nokia managed to shift 4 million units in the second quarter and that it will sell about 19 million Lumias by the end of the year.

Although it would appear Lumia sales doubled from the first quarter, it is still not enough. Apple and Samsung managed to sell 30 and 50 million phones last quarter, dwarfing the Finns in comparison.

On Wednesday Nokia shares closed at €1.37 after briefly hitting €1.33, an 18-year low for the company. Nokia shed 84 percent of its value since it embraced Windows Phone and recently the company announced that it has a backup plan in case Redmond’s OS fails.

We reckon the plan involves a cyanide capsule and a Walther PPK.

More here.


Peter Scott

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments