Feeds

Nokia still in the red in Q3 sales bloodbath

Windows mobes couldn't come soon enough

Intelligent flash storage arrays

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. ®

Top 5 reasons to deploy VMware with Tegile

More from The Register

next story
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Zippy one-liners, broken promises: Doctor Who on the Orient Express
Series finally hits stride, but Clara's U-turn is baffling
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
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?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.