FeralKitty
07-21-2011, 12:40 PM
From engadget (http://www.engadget.com/2011/07/21/nokia-q2-2011-operating-profit-down-44-percent-since-q1-challe/):
With Nokia still yet to fully dive in to the Windows Phone (http://www.engadget.com/tag/windowsphone) swimming hole, you had to know it was going to be another ugly quarter's worth of results. And it is. The company just posted its Q2 2011 numbers and there's a definite downward trend. Operating profits declined 44 percent since Q1 (http://www.engadget.com/2011/04/21/nokias-q1-2011-smartphone-share-down-to-26-percent-more-chal/), 391 million Euro compared to 704, and net sales of mobile devices are down 23 percent over the same period -- 20 percent compared to Q2 last year.
In the earnings call, Stephen Elop didn't rock the boat, more or less sticking to the company line by talking up the company's "immediate actions" to address the current state of the market, which he states has largely shifted from a "battle of devices to a war of ecosystems." The company's ecosystem of choice is now, of course, Windows Phone, and Elop says he has "increased confidence" that the first Nokia WP7 devices will ship this year. Yes, "increased confidence," meaning there's still room for a slip, and he reconfirmed (http://www.engadget.com/2011/04/21/nokia-and-microsoft-sign-definitive-agreement-bring-windows-pho/) that those phones won't ship in volume until 2012.
Read more... (http://www.engadget.com/2011/07/21/nokia-q2-2011-operating-profit-down-44-percent-since-q1-challe/)
With Nokia still yet to fully dive in to the Windows Phone (http://www.engadget.com/tag/windowsphone) swimming hole, you had to know it was going to be another ugly quarter's worth of results. And it is. The company just posted its Q2 2011 numbers and there's a definite downward trend. Operating profits declined 44 percent since Q1 (http://www.engadget.com/2011/04/21/nokias-q1-2011-smartphone-share-down-to-26-percent-more-chal/), 391 million Euro compared to 704, and net sales of mobile devices are down 23 percent over the same period -- 20 percent compared to Q2 last year.
In the earnings call, Stephen Elop didn't rock the boat, more or less sticking to the company line by talking up the company's "immediate actions" to address the current state of the market, which he states has largely shifted from a "battle of devices to a war of ecosystems." The company's ecosystem of choice is now, of course, Windows Phone, and Elop says he has "increased confidence" that the first Nokia WP7 devices will ship this year. Yes, "increased confidence," meaning there's still room for a slip, and he reconfirmed (http://www.engadget.com/2011/04/21/nokia-and-microsoft-sign-definitive-agreement-bring-windows-pho/) that those phones won't ship in volume until 2012.
Read more... (http://www.engadget.com/2011/07/21/nokia-q2-2011-operating-profit-down-44-percent-since-q1-challe/)