Nokia today announced a $1.7 billion operating loss on $9.23 billion revenue for the three month period from April through June of 2012. The company managed to sell 4 million units of its Lumia devices, but overall Nokia's smartphone sales were down 14% compared to 2011. Feature phone sales, increased 4% from last year and the first quarter, adding up to 73 million feature phones sold.
While acknowledging it has been a difficult transition, and that Q3 will remain a difficult quarter, Nokia said that its Lumia lineup surpassed expectations in the United States.
That did not stop them from slashing the price of their Lumia 900 flagship by half to just $50 after three months in stores, however. Many saw this as a response to news that the phone will not be able to update to the next major version of Windows Phone, but Nokia called it “a normal strategy that is put in place during the life cycle of most phones.”
Nokia CEO Stephen Elop commented on the results:
"Nokia is taking action to manage through this transition period. While Q2 was a difficult quarter, Nokia employees are demonstrating their determination to strengthen our competitiveness, improve our operating model and carefully manage our financial resources.
We shipped four million Lumia Smartphones in Q2, and we plan to provide updates to current Lumia products over time, well beyond the launch of Windows Phone 8. We believe the Windows Phone 8 launch will be an important catalyst for Lumia. During the quarter, we demonstrated stability in our feature phone business, and enhanced our competitiveness with the introduction of our first full touch Asha devices."
The Finnish company held the spot as the world’s leading mobile phone maker for fourteen straight years but was overtaken by Samsung earlier in 2012, according to research firm Gartner.
The Wall Street Journal has put together an interesting report that delves into the history of Nokia and the bureaucratic nightmare inside the company that led to many bad calls over the last decade.
The Nokia Lumia 800 measures a fairly compact 116.8mm x 61.2mm x 12.1mm (4.6in x 2.4in x .5in), it features 16GB of internal storage, but lacks a microSD memory card slot. The Nokia Lumia 800 runs on a single-core processor (1.4GHz). The Lumia 800 is capable of HSPA 14.4 3G data connections on the 900, 1900, and 2100MHz bands and also features Wi-Fi and Bluetooth support.
The Nokia Lumia 900 is 11.4mm thickness and weight 159g, in the front you can find the 4.3-inch ClearBlack AMOLED display and in the back the 8 megapixel camera and its LED flash. Since there are no seams or doors there is no way to access the 1830mAh battery or increase the phone's 16GB internal storage with a microSD card.
The Nokia Lumia 710 has a 3.7-inch, WVGA (480 x 800 pixel) display. It sports a 5 megapixel camera and LED flash, and a loud and clear external speaker. Like most Windows Phone 7.5 devices, the Lumia 710 does not support microSD cards. The Nokia Lumia 710 is powered with a 1.4GHz Qualcomm processor and 512MB of RAM. The Windows Phone interface gets out of your way easily, and apps are quick to open more often than not.
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