Menu

Daily News for the Geek Mind

The Interim Report Of Nokia Q1 2013

Apr 18 2013, 1:03pm CDT | by , in 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.

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

Share this Story

Follow Us
Follow I4U News on Twitter
Follow I4U News on Facebook

You Might Also Like

Now Watch

Read the Latest from I4U News

Bob Saget Joins Fuller House

Bob Saget Joins Fuller House

18 hours ago, 9:01am CDT

Apple buys German Metaio VR Company

Apple buys German Metaio VR Company

22 hours ago, 4:13am CDT

Mariah Carey Slams American Idol

Mariah Carey Calls American Idol Fake

22 hours ago, 4:07am CDT

Comments

blog comments powered by Disqus