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Nokia posts $754 million loss for Q3 as Lumia sales decline

By Shawn Knight
Oct 18, 2012
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  1. Stephen Elop was faced with the monumental task of reversing Nokia's misfortunes when he took over as CEO in early 2011. Unfortunately for the Finnish handset maker, things are still looking bleak as the company reported its sixth straight quarterly...

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  2. Awesome!
     
  3. Good choice for choosing the Microsoft OS for your phones. That worked out well.
     
  4. VitalyT

    VitalyT TS Evangelist Posts: 1,944   +576

    Well done! :) (with irony)

    I thought they would disappear into oblivion when they tried to push for reincarnation of Symbian before going for Windows Mobile. And just as they came up with the first Windows 8 Mobile phones, MS kicks them in the ballz with their own mobile phones. What a nasty web MS weaves these days...
     
  5. I think its amazing these companies like Nokia just keep burning through the billions in loses. Does this actually mean "dollars" or something else? If you added up the losses, it comes out to an ENORMOUSNESS amount of actual cash and I can't imagine they have this amount just sitting in a bank account.
     
  6. Only blame yourselves Nokia for going with Windows instead of android. The M$oft Zune died and so will the Lumia. Very unfortunate for such a quality company,
     
  7. Det

    Det TS Rookie Posts: 84

  8. Teko03

    Teko03 TS Enthusiast Posts: 125   +30

    Nokia will be see huge profits once the Lumia 920 debuts on all major car....oh wait, they have an exclusive contract with AT&T, the home of the iPhone. Unless AT&T paid enough to cover all their losses, Nokia is done for. the 920 & 820 needed to be placed on Verizon, Sprint, T-Mobile & AT&T. No variants --- no need to waste money on delivering variants --- two handsets, all four major US carriers...simple as that.
     
  9. Det

    Det TS Rookie Posts: 84

  10. dennis777

    dennis777 TS Enthusiast Posts: 281   +32

    I still thinks nokia's phone is doing much better than a blackberry
     
  11. Tekkaraiden

    Tekkaraiden TS Maniac Posts: 904   +54

    Better maybe but I wouldn't say much better.
     
     
  12. Darth Shiv

    Darth Shiv TS Evangelist Posts: 1,171   +176

    You did see that they are reversing their losses quite significantly?
     
  13. The Limia is a great phone. The best I have used.

    Alas who's going to buy the existing one when they know Windows 8 is coming. Seems like strange timing but once they settle I am sure fortunes will turn.

    Android is limited and naff and the iPhone has nowhere to go. Things will look very different in a 3-5 years which is where Nokia has set it's sights.
     
    Teko03 likes this.
  14. Their biggest mistake is limited to Windows Phone 8, bad managment and not market enough. I don't think I have even seen Windows Phone 8 on TV or somewhere in my area (Kansas). They will profit if they sell more than just limited to Windows Phone 8 such as add Android, perhaps even license Blackberry 10 and other OSs.
     


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