Nokia reports massive loss and 16.7 million shipped smartphones are millions less compared to Apple.
Nokia presented disappointing earnings for the last quarter. Nokia made a loss of 368 million Euro (~$529) in the last quarter. This would be actually much higher if they did not receive 430 million Euro (~$619) from Apple and others in patent royalties. Another interesting number in the Nokia Q2 2011 report is the number of smartphones they sold. In the last quarter Nokia sold 16.7 million what they call smartphones. This is 9 million less than a year ago. Appleannounced earlier this week that they sold 20.34 million iPhones. The drastic loss of sales makes now Apple the world's largestsmartphone maker. Samsung has still a shot though to take that title as their earnings are still coming up.
I am actually still surprised that over 16 million decided to get a Nokia smartphone instead of an Android or Apple device. What are they thinking?
Nokia sold 71.8 million standard mobile phones. Here the decline is exact 14 million compared to last year.
Luigi Lugmayr Luigi Lugmayr (Google) is the founding chief Editor of I4U News and brings over 15 years
experience in the technology field to the ever evolving and exciting
world of gadgets. He started I4U News back in 2000 and evolved it into
vibrant technology magazine.
Luigi can be contacted directly at firstname.lastname@example.org.
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