Nokia’s financial results for Q3 2012 has been revealed, and seems that Finnish company still facing horible moments, which have reported an operating loss of $754 million.
Remembering while in – Q4 2011: $1.3 billion loss. Q1 2012: $1.7 billion loss. Q2 2012: $1.01 billion loss. Q3 2012: $754 million loss. There’s more bad news for Nokia, too, as the company only managed to push 76.6 million featurephones, from which the Asha lineup accounted for 6.5 million units. It’s managed to reduce its losses despite a slowdown in Lumia sales – falling from four million last quarter to 2.9 million now, but given that the company is at the end of a product cycle, that’s hardly surprising. The Windows Phone 8 launch just couldn’t come soon enough for the Finns, which are now facing a do or die situation.
Nokia Siemens Networks, on the other hand, kept raking in the cash with a $238.5 million profit. The company could also count on its regular check from Microsoft, which kicked in another $250 million to help it through its transition.
The report also shows that Nokia Siemens Networks, on the other hand, kept raking in the cash with a $238.5 million profit. The company could also count on its regular check from Microsoft, which kicked in another $250 million to help it through its Windows Phone transition.
Lastly, Nokia reports cash reserves of $4.66 billion, which doesn’t compare particularly favorably to the $6.64 billion the company had in its pockets at the same point of last year. In the report, the company issued a warning towards investors that the upcoming Q4 quarter will still be bumpy. The reason, as Stephen Elop puts it is “product transitions and our ramp up plan for our new devices.”
Source : Nokia