Feeds

Nokia still in the red in Q3 sales bloodbath

Windows mobes couldn't come soon enough

Maximizing your infrastructure through virtualization

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. ®

Eight steps to building an HP BladeSystem

More from The Register

next story
Doctor Who season eight scripts leak online
BBC asks fans to EXTERMINATE copies before they materialise
Star Wars: These are the 'unknown' actors we were looking for
Pip Andersen and Crystal Clarke plucked from (relative) obscurity
Report: UK.gov wants to legislate on comms data BEFORE next election
Ministerial alarm sets in over EU court's data retention ruling
ICO probes BBC after secret British army unit's info LEAKED
Panorama in the brown and smelly after losing confidential data
Tesla trademark spat threatens Musk's China dream
Wheels will come off electric motor biz if Chinese bloke wins court fight
Bloodied Samsung's profits down 25% as it clings to mobe crown
How will it ever survive on $7.1bn operating profit?
prev story

Whitepapers

Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
The Power of One eBook: Top reasons to choose HP BladeSystem
Only the Power of One delivers leading infrastructure convergence, availability and scalability with federation, and agility through data center automation.
Securing Web Applications Made Simple and Scalable
Learn how automated security testing can provide a simple and scalable way to protect your web applications.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.