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Tech: Nokia sees fastest crash in handset history
Member Since: 2/16/2012
Posts: 8,740
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Nokia sees fastest crash in handset history
Nokia Lumia 920 will be exclusive to AT&T for six months
http://www.theverge.com/2012/10/17/3...x-months-rumor
AT&T has revealed today that it plans to carry Nokia's latest flagship Lumia 920 Windows Phone 8 handset as well as the mid-range Lumia 820. The additions, alongside HTC's Windows Phone 8X, mean the nation's second biggest carrier will offer both of the high profile Windows Phone 8 handsets this holiday season.
The Nokia Lumia 920 will be available on AT&T exclusively according to the carrier, with Red, Black and White colors, and through online orders in Yellow and Cyan. The confirmation of a Cyan color follows hints from Nokia that it would offer the iconic color. Nokia's Lumia 820 will be available in black only, but AT&T will stock additional colored shells. There's no word on pricing or exact availability for both models, but AT&T says they'll be available in November.
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Nokia ships 2.9 million Lumias in Q3 2012, a sharp decrease from previous quarter
Nokia's had a challenging year transitioning to Windows Phone to power its range of smartphones, but Lumia sales have been slowly and steadily increasing quarter-on-quarter. Nokia has just announced its Q3 2013 financial results today, and the company has revealed that just 2.9 million Lumia devices were sold in its recent quarter. Nokia previously shipped 4 million Lumia devices in its last quarter, making this a sharp decrease of 28 precent and nearly 10 million sales to date.
Nokia CEO Stephen Elop is due to hold a conference call with analysts shortly, but he offered no direct comment on the decreased Lumia sales in the company's earnings release today. "Q3 was a difficult quarter in our Devices & Services business," says Elop. Nokia says volumes decreased "as we shared the exciting innovation ahead with our new line of Lumia products."
Nokia's North American device sales take a 50 percent hit
Nokia's North American mobile device volumes also dropped too, by 50 percent quarter-on-quarter. Nokia doesn't break out the individual device sales in North America, but the company sold just 300,000 compared to the 600,000 figure from Q2.
Nokia is widely expected to launch its latest Windows Phone 8 devices in early November, offering a number of Lumia 820 variants and the highly anticipated Lumia 920 to customers. Although Elop previously said "Lumia activations were flat to up in the weeks following Windows Phone 8 announcement," it's clear that customers have shied away from Lumia following the revelation of no upgrades to Microsoft's latest operating system.
http://www.theverge.com/2012/10/18/3...-sales-q3-2012
Nokia reports $755 million operating loss from $9.4 billion revenue http://t.co/lc1WwGeo
Nokia has just announced a total operating loss of €576 million (around $754 million) for the third quarter of 2012. When offset against Microsoft's quarterly "platform support payment," the company's net cash fell from €4.2 billion ($5.5 billion) to €3.56 billion ($4.7 billion) quarter-over-quarter. For perspective, Nokia had €5.07 billion ($6.64 billion) in the bank this time last year. The results are slightly above analyst expectations, and don't come as a huge surprise: Nokia CEO Stephen Elop told reporters and investors that Q3 was going to be a "challenging" quarter during a Q2 earnings conference. Although the continuing losses are unsustainable, Nokia's restructuring and lay-offs appear to be stabilizing the company's finances, and non-IFRS income was €78 million ($102 million).
The company's Lumia line has been in a state of limbo after it was announced that the smartphones would not be upgraded to Windows Phone 8. It managed to sell just 2.9 million Lumias, compared to four million last quarter and two million the quarter before. This is the first quarter that Lumia sales have dropped since launch, and the average price of Lumias sold dropped from €186 ($244) to €160 ($210) quarter-over-quarter. With Symbian sales continuing to plummet, it's fair to say that this has yet another difficult quarter for Nokia.
Nokia predicts a gloomy fourth quarter
Looking towards the next quarter, Nokia has again warned investors to expect another challenging quarter in "Smart Devices," thanks to what the Finnish manufacturer calls "product transitions and our ramp up plan for our new devices." Stephen Elop will be answering questions at a meeting for analysts and investors later today, and we'll be listening in to bring you any further news.
Nokia's Lumia sales are down 28% from the previous quarter. Not good, they gotta hope people are waiting for WP8 http://t.co/cyYlpX1A
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Member Since: 5/14/2007
Posts: 25,912
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I hate carrier exclusives, especially for a company trying to make it back from near extinction! Don't they want their products to be out to more people??
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Member Since: 4/21/2011
Posts: 42,362
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Things ain't looking good for the EX #1

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Member Since: 2/16/2012
Posts: 8,740
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#Nokia Elop as CEO: smartphone sales by Qtr: 29M, 24M, 17M, 17M, 20M, 12M, 10M, 6M. Fastest crash in handset history http://t.co/8ffdIZI0
Yes. When Elop took over, Nokia had 33% market share in smartphones. Today it is 4%. Here is your Elop Era market share collapse by Nokia (so far):
Q4 2010 - 29% (Elop first quarter in charge)
Q1 2011 - 24% (Elop announces new startegy at start of quarter)
Q2 2011 - 16%
Q3 2011 - 14%
Q4 2011 - 12% (Windows based Lumia phones start to sell)
Q1 2012 - 8%
Q2 2012 - 7% (Microsoft 'Osbornes' Nokia's Lumia line)
Q3 2012 - 4%
I think we can safely say, this strategy is a colossal failure, as is the lunatic who exchanged growing profitable sales of smartphones for this madness. This is a world-record fall in market share by any market leader in any industry, ever. This is yes, a world record in failure. This is far faster than the collapse we saw of Siemens in mobile phones (they sold their business). Or Motorola (who went bankrupt). Or Palm (who sold their company to HP, which then put them out of their misery). This is FAR worse than the troubles over at RIM of Canada, who make the Blackberries.
Talking about RIM - Nokia fell behind Apple in smartphones in Q2 of 2011. Nokia fell behind Samsung in smartphones in Q3 of 2011. Nokia fell behind Huawei in Q2 of 2012. Now this quarter, Nokia tumbles out of the Top 5, it is now smaller in smartphone sales than RIM, HTC, ZTE, Sony, Lenovo too. Nokia is currently ranked 9th biggest smartphone maker and depending on LG and Motorola, Nokia might fall out of the Top 10. Nokia was bigger than these 5 companies - combined - when Elop took over.
OMG.
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Member Since: 1/1/2012
Posts: 3,878
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Lol their fault. Android >>>>
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Member Since: 6/7/2011
Posts: 41,996
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iPhone>>>>>>
I love my phone so much.
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Member Since: 5/18/2011
Posts: 17,136
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Bitch so AT&T is the only carrier. I knew this **** was too good to be true. They had to flop somewhere.
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ATRL Administrator
Member Since: 6/29/2002
Posts: 77,601
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Quote:
Originally posted by RastaMentality
#Nokia Elop as CEO: smartphone sales by Qtr: 29M, 24M, 17M, 17M, 20M, 12M, 10M, 6M. Fastest crash in handset history http://t.co/8ffdIZI0
Yes. When Elop took over, Nokia had 33% market share in smartphones. Today it is 4%. Here is your Elop Era market share collapse by Nokia (so far):
Q4 2010 - 29% (Elop first quarter in charge)
Q1 2011 - 24% (Elop announces new startegy at start of quarter)
Q2 2011 - 16%
Q3 2011 - 14%
Q4 2011 - 12% (Windows based Lumia phones start to sell)
Q1 2012 - 8%
Q2 2012 - 7% (Microsoft 'Osbornes' Nokia's Lumia line)
Q3 2012 - 4%
I think we can safely say, this strategy is a colossal failure, as is the lunatic who exchanged growing profitable sales of smartphones for this madness. This is a world-record fall in market share by any market leader in any industry, ever. This is yes, a world record in failure. This is far faster than the collapse we saw of Siemens in mobile phones (they sold their business). Or Motorola (who went bankrupt). Or Palm (who sold their company to HP, which then put them out of their misery). This is FAR worse than the troubles over at RIM of Canada, who make the Blackberries.
Talking about RIM - Nokia fell behind Apple in smartphones in Q2 of 2011. Nokia fell behind Samsung in smartphones in Q3 of 2011. Nokia fell behind Huawei in Q2 of 2012. Now this quarter, Nokia tumbles out of the Top 5, it is now smaller in smartphone sales than RIM, HTC, ZTE, Sony, Lenovo too. Nokia is currently ranked 9th biggest smartphone maker and depending on LG and Motorola, Nokia might fall out of the Top 10. Nokia was bigger than these 5 companies - combined - when Elop took over.
OMG.
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Well it's not that strange, the first thing he did as CEO was issue a memo telling the company that they were doomed.
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Member Since: 2/16/2012
Posts: 8,740
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Quote:
Originally posted by Kworb
Well it's not that strange, the first thing he did as CEO was issue a memo telling the company that they were doomed.
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People keep saying Nokia is doing just fine. Did they see the burning platform letter? 
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Member Since: 9/16/2011
Posts: 11,808
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Lumia 920 was their chance....... 
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Member Since: 2/9/2012
Posts: 10,283
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At thelest they should promote it. That's the problem with nokia. It's sad that Nokia didn't made an evotlution after these years of huge sales.
Quote:
Originally posted by RastaMentality
Q4 2010 - 29% (Elop first quarter in charge)
Q1 2011 - 24% (Elop announces new startegy at start of quarter)
Q2 2011 - 16%
Q3 2011 - 14%
Q4 2011 - 12% (Windows based Lumia phones start to sell)
Q1 2012 - 8%
Q2 2012 - 7% (Microsoft 'Osbornes' Nokia's Lumia line)
Q3 2012 - 4%[/b]
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Q4 2012 - Bankrupt/Out of the market
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Member Since: 12/7/2011
Posts: 18,969
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 They will come back strong. I have faith in them. Just fire Elop.
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Member Since: 1/11/2011
Posts: 6,600
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Sad to see that my fave brand of cellphones will probably die.
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Member Since: 4/25/2011
Posts: 41,661
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I mean, the WP8 was announced in the 3rd Quarter. The customers probably waited for the announcement. Same is happening with Apple, everytime August and September comes their sales decline because of the anticipation of the new iPhone.
The Lumia is their best selling line in ages. They are still losing profit but we need to see the surface of their business. On the surface it's a mild success which is probably unimportant but it probably gives them hope. The sales of the first Lumia Phones exceeded analysts' expectations which was a good sign. We have to wait for next week to see how big of an impact the 920 had prior to its launch.
I really am hoping that a bright future is coming for Nokia.
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Member Since: 10/14/2011
Posts: 15,451
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Nokia's time is done. They haven't done enough to move along with technological progression and people's tastes.
Now let me get back to my iPhone 4S.
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Member Since: 2/16/2012
Posts: 8,740
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Quote:
Originally posted by jomarr
I mean, the WP8 was announced in the 3rd Quarter. The customers probably waited for the announcement. Same is happening with Apple, everytime August and September comes their sales decline because of the anticipation of the new iPhone.
The Lumia is their best selling line in ages. They are still losing profit but we need to see the surface of their business. On the surface it's a mild success which is probably unimportant but it probably gives them hope. The sales of the first Lumia Phones exceeded analysts' expectations which was a good sign. We have to wait for next week to see how big of an impact the 920 had prior to its launch.
I really am hoping that a bright future is coming for Nokia.
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But the thing is, the mass public doesn't know about WP8. Just like they didn't know about wp7. The only reason Apple's sales decrease is because everytime there's a rumor, the media blows it up x10 + everyone talks about it. Hell, they even talk about the iPhone a lot on CNN. I'm sure some people are waiting since Microsoft is basically abandoning WP8 and not allowing them a lot of stuff but I doubt it's this large amount that's making their sales fall like this. I've never heard anyone IRL talk about WP8 to me and my friends that have Windows Phones don't even know that it's Windows Phone 8. That's in contrast to when Apple releases updates and everyone talks about it. If you look at those charts in the article I posted, it's much more than that.
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Member Since: 4/25/2011
Posts: 41,661
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Quote:
Originally posted by RastaMentality
But the thing is, the mass public doesn't know about WP8. Just like they didn't know about wp7. The only reason Apple's sales decrease is because everytime there's a rumor, the media blows it up x10 + everyone talks about it. Hell, they even talk about the iPhone a lot on CNN. I'm sure some people are waiting since Microsoft is basically abandoning WP8 and not allowing them a lot of stuff but I doubt it's this large amount that's making their sales fall like this. I've never heard anyone IRL talk about WP8 to me and my friends that have Windows Phones don't even know that it's Windows Phone 8. That's in contrast to when Apple releases updates and everyone talks about it. If you look at those charts in the article I posted, it's much more than that.
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That is one basis of mine. Another one is it is normal for products to decrease in sales overtime. It's not really un-natural if sales decline. It dropped like 28% in sales it's not really that big of a deal. It's normal. But I'll still stand with my conclusion of mine in the first post. While the iPhone's popularity is huge, we should not underestimated Nokia's following as well.
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Member Since: 2/16/2012
Posts: 8,740
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Quote:
Originally posted by jomarr
That is one basis of mine. Another one is it is normal for products to decrease in sales overtime. It's not really un-natural if sales decline. It dropped like 28% in sales it's not really that big of a deal. It's normal. But I'll still stand with my conclusion of mine in the first post. While the iPhone's popularity is huge, we should not underestimated Nokia's following as well.
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It's not Nokias following. People just don't know what WP8 is or when it's being released. That's just how it is. Most people don't even know when updates are being released. They just know about them when they come to their phones (there's not even gonna be a WP8 update for WP7 phones). I'm sure the WP sales will pick up with the 920 but people also said that for every other phone that came out.
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Member Since: 11/17/2010
Posts: 2,570
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Nokia had its time before Iphone and seems like Iphone's domination will continue for a long time
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