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19-07-2013, 05:13 PM
Nokia needs more than just Lumia...
Nokia’s halting turnaround hit by weak handset sales
HELSINKI — A disappointing set of quarterly sales figures for Nokia’s smartphones and basic models raised the pressure on its chief executive yersterday (July 18) and took a bite out of the company’s share price.
Investors are hoping that its Lumia smartphone range, which CEO Stephen Elop decided to base on Microsoft’s untested Windows Phone software in 2011, will help the company revive its ailing fortunes and close the yawning lead of frontrunners Samsung and Apple, but progress has been slower than analysts expected.
Nokia shares fell as much as 6 per cent after the company said it shipped 7.4 million Lumia phones in the second quarter, up 32 per cent from the first quarter but fewer than the 8.1 million units forecast in a Reuters poll of analysts.
Sales of regular mobile phones, which still account for over half of its device revenues and are a valuable source of revenue while Nokia waits for Lumia sales to take off, were also weaker than expected.
Shipments of such handsets fell 4 per cent from the previous quarter to 53.7 million units, while the market’s average forecast had been 56.2 million.
http://www.todayonline.com/business/noki...dset-sales
Nokia’s halting turnaround hit by weak handset sales
HELSINKI — A disappointing set of quarterly sales figures for Nokia’s smartphones and basic models raised the pressure on its chief executive yersterday (July 18) and took a bite out of the company’s share price.
Investors are hoping that its Lumia smartphone range, which CEO Stephen Elop decided to base on Microsoft’s untested Windows Phone software in 2011, will help the company revive its ailing fortunes and close the yawning lead of frontrunners Samsung and Apple, but progress has been slower than analysts expected.
Nokia shares fell as much as 6 per cent after the company said it shipped 7.4 million Lumia phones in the second quarter, up 32 per cent from the first quarter but fewer than the 8.1 million units forecast in a Reuters poll of analysts.
Sales of regular mobile phones, which still account for over half of its device revenues and are a valuable source of revenue while Nokia waits for Lumia sales to take off, were also weaker than expected.
Shipments of such handsets fell 4 per cent from the previous quarter to 53.7 million units, while the market’s average forecast had been 56.2 million.
http://www.todayonline.com/business/noki...dset-sales
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