Ouch. Let that be a lesson to you, multinational corporations- partnering with Microsoft is dangerous stuff. This isn't the first time they've dicked over a partner, just look at all of those that made devices compatible with their PlaysForSure DRM platform only to be blindsided when Microsoft abandoned it. From what I've read the new Windows phones are nice, but they are late to the game and no one is really interested (I've seen all of one in the wild so far). Backstory- those original Lumia phones won't be able to upgrade to Win8, they are stuck with the OS that comes on them.
The past three months haven't been the best for Finland's former world number one. It hasn't been helped by the three biggest credit agencies lowering the company's bond rating to "junk," and the Lumia 900's violently slashed price. Unfortunately the latest results reveal continuing gloom: the manufacturer made an operating loss of $1.01 billion dollars for the quarter. The company managed to make €7.5 billion in sales ($9.2 billion, down .5 billion since the last quarter), shifting four million Lumia handsets in the process. In fact, the only cause for optimism is that sales of the Lumia range have roughly doubled each quarter. The number of handsets pushed out the door increased (thanks to the Asha range of budget phones) with the company selling 73 million phones. That said, the company has clearly failed to crack America, selling a paltry 600,000 handsets in the States. The cash pile has also continued to dwindle, with the piggybank currently standing at €4.1 billion ($5.1 billion), down from $6.3 billion in Q1, despite getting a further $250 million in kickbacks from Microsoft. Unsurprisingly, the prediction for the third quarter of the year was similarly dour, summed up rather euphemistically as "difficult." Filed under: Cellphones Nokia's Q2 2012 financials: 4 million Lumias sold, $1.01 billion dollar loss originally appeared on Engadget on Thu, 19 Jul 2012 06:01:00 EDT. Please see our terms for use of feeds. Permalink | Nokia (PDF) | Email this | Comments http://www.engadget.com/2012/07/19/nokia-2012-q2/ Sent with MobileRSS HD -- You received this message because you are subscribed to the Google Groups "The Unique Geek" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/theuniquegeek?hl=en.
