Latest News: Technology |  Celebrity |  Movies |  Apple |  Cars |  Business |  Sports |  TV Shows |  Geek

Trending

Filed under: News | Technology News

 

The Interim Report Of Nokia Q1 2013

Nokia has announced their interim report Q1 2013, involving their products and services indicate that despite the pressures from competitors’ they still manage profitability.

Apr 18 2013, 1:03pm CDT | by

1 Updates
The Interim Report Of Nokia Q1 2013
 
 

YouTube Videos Comments

Full Story

The Interim Report Of Nokia Q1 2013

Commenting on the outcomes, Stephen Elop,Nokia Chief Executive Officer, stated

"At the highest level, we are pleased that Nokia Group achieved underlying operating profitability for the third quarter in a row. While operating in a highly competitive environment, Nokia is executing our strategy with urgency and managing our costs very well.

We have areas where we are making progress, and areas where we are further increasing the focus. For example, people are responding positively to the Lumia portfolio, and our volumes are increasing quarter over quarter. Nokia Siemens Networks delivered another strong quarter and contributed to an overall improvement in Nokia Group's cash position. On the other hand, our Mobile Phones business faces a difficult competitive environment, and we are taking tactical actions and bringing new innovation to market to address our challenges.

All of these efforts are aimed at improving our financial performance and delivering more value to our shareholders."

NOKIA PERSPECTIVE:

Nokia desires its Products & Services non-IFRS operating margin within the 2nd quarter 2013 to be roughly unfavorable 2 %, negative or positive 4 percentage points. This perspective is dependent on Nokia’s anticipation relating to several aspects, such as:

 

Competitive business dynamics carrying on in a wrong way have an effect on the Cell phones as well as Smart Gadgets business units;

  • Buyer demand for the solutions, specifically for their Cellphones solutions;
  • Ongoing ramp up for their Lumia Smartphone’s;
  • Anticipated boosts in Products & Services' operating costs; as well as
  • The macroeconomic surroundings
 

iPad Air Giveaway. Win a free iPad Air.

You Might Also Like

Updates


Sponsored Update


Advertisement


More From the Web

Shopping Deals

 
 
 


Jibran Ahmed has years of experience in the technology field and his passion lies in discovering the latest trends in consumer electronics.

 

 

Comments

blog comments powered by Disqus

Latest stories

Kate Upton on Prettiness and its Discontents
Kate Upton on Prettiness and its Discontents
Kate Upton’s cover for Elle magazine is sexy alright but not as super sexy as it should be. For one thing, her upper body is hidden beneath layers of clothes and it is only her lithe and lissome legs which are visible...
 
 
Michelle Rodriguez and Zac Efron hook up in Ibiza
Michelle Rodriguez and Zac Efron hook up in Ibiza
The girl in the Fast & Furious series, Michelle Rodriguez and Zac Efron hooked up with each other in Ibiza. Even Justin Bieber was there for some fun.
 
 
Samsung is launching two new phones this year
Samsung is launching two new phones this year
In a bid to encourage investors, Samsung revealed its plan to release two new phones this year. Will it even matter now?
 
 
Detroit Tigers Acquire David Price in 3-Team Trade
Detroit Tigers Acquire David Price in 3-Team Trade
The Detroit Tigers acquired veteran starter David Price in a three-team trade involving the Seattle Mariners and Tampa Bay Rays on July 31.
 
 
 

About the Geek Mind

The “geek mind” is concerned with more than just the latest iPhone rumors, or which company will win the gaming console wars. I4U is concerned with more than just the latest photo shoot or other celebrity gossip.

The “geek mind” is concerned with life, in all its different forms and facets. The geek mind wants to know about societal and financial issues, both abroad and at home. If a Fortune 500 decides to raise their minimum wage, or any high priority news, the geek mind wants to know. The geek mind wants to know the top teams in the National Football League, or who’s likely to win the NBA Finals this coming year. The geek mind wants to know who the hottest new models are, or whether the newest blockbuster movie is worth seeing. The geek mind wants to know. The geek mind wants—needs—knowledge.

Read more about The Geek Mind.