Featured Articles

Nvidia GTX 980 reviewed

Nvidia GTX 980 reviewed

Nvidia has released two new graphics cards based on its latest Maxwell GPU architecture. The Geforce GTX 970 and Geforce GTX…

More...
Nvidia adjusts GTX 980 and GTX 970 pricing

Nvidia adjusts GTX 980 and GTX 970 pricing

It appears that Nvidia has been feeling the pulse of the market and took some note from comments regarding the original…

More...
iPhone 6 and 6 Plus reviews are up and they are good

iPhone 6 and 6 Plus reviews are up and they are good

Apple is dancing the same dance year after year. It releases the iPhone and two days before they start shipping it…

More...
Amazon announces three new tablets

Amazon announces three new tablets

Amazon has just released three new tablets starting with the $99 priced 6-inch Kindle Fire HD6. This is a 6-inch tablet…

More...
PowerColor TurboDuo R9 285 reviewed

PowerColor TurboDuo R9 285 reviewed

Today we will take a look at the PowerColor TurboDuo Radeon R9 285. The card is based on AMD’s new…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Thursday, 18 April 2013 13:59

Nokia announces its Q1 2013 financial results

Written by Slobodan Simic



Lumia might be a saviour after all

Nokia has posted its first quarter earnings and although all is not well in the Finnish mobile giant, there might be a trace of light at the end of that tunnel, as Nokia sold quite a few Lumia smartphones in Q1 2013.

Although it has ended up with an operating loss in Q1 2013, Nokia scored a revenue of US $7.7 billion and sold no less than 5.6 million Lumias, a 30 percent increase over the previous quarter. It certainly does not sound that much if you compare it to number of smartphones sold by Samsung, Apple or other competitors in the smartphone market, but it sounds great if you consider the fact that Nokia solely focuses on Windows Phone devices.

During the Q1 earnings conference call, Nokia CEO Stephen Elop noted that company feels great that they have achieved underlying operating profitability for the third quarter in a row, especially in a highly competitive environment and although they have areas where they are making progress and areas where they are increasing the focus, the positive response to Lumia lineup is a great win for the company.

He also hinted that we can expect more from Nokia in the coming months, noting that they are taking tactical actions and "bringing new innovation to market to address their challenges".

We certainly hope that Nokia will manage to pull it off and report even better financial reports next quarter as more competition is always better for consumers.


Last modified on Thursday, 18 April 2013 14:36
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments