Feeds

Nokia still in the red in Q3 sales bloodbath

Windows mobes couldn't come soon enough

Internet Security Threat Report 2014

Microsoft newlywed Nokia stayed in the red with an operating loss of €71m (£62m) in its third quarter ended 30 September 2011.

That's a smaller figure than the company's Q2, when Nokia lost a gigantic €487m (£425m), which CEO Stephen Elop at the time blamed on its new strategy bringing with it "ambiguity" for the firm's customers reeling from the Microsoft tie-up.

The Finnish handset maker, which struck a deal with Redmond in April to build several Nokia Windows phones together, shipped 18 million dual-SIM devices during the quarter.

Smartphone sales dropped 38 per cent, with the company shifting 16.8 million devices that were based on Nokia's old Symbian platform.

Elop said that the company's "channel inventory situation" and "sales execution" had improved in Q3.

However, total sales tumbled 13 per cent to €8.98bn compared with €10.27bn for the same period a year earlier.

"I am encouraged by the progress we made during Q3, while noting that there are still many important steps ahead in our journey of transformation," said Elop.

"With each step, you will see us methodically implement our strategy, pursuing steady improvement through a period that has known transition risks, while also dealing with the various unexpected ups and downs that typify the dynamic nature of our industry.

"During the third quarter, we continued to take the action necessary to drive the structural changes required for Nokia's long-term success."

Nokia is expected to launch its first Windows-based handset next week, but volume shipments of the devices won't appear until 2012.

Shares in the firm rallied more than 10 per cent to €4.9, following Nokia's Q3 announcement, its best stock exchange performance in months.

The full results are here. ®

Intelligent flash storage arrays

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
5 critical considerations for enterprise cloud backup
Key considerations when evaluating cloud backup solutions to ensure adequate protection security and availability of enterprise data.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Protecting against web application threats using SSL
SSL encryption can protect server‐to‐server communications, client devices, cloud resources, and other endpoints in order to help prevent the risk of data loss and losing customer trust.