Nokia makes loss of £900m

[OilSheikh]

http://www.mobilenewscwp.co.uk/2012/...-loss-in-2011/

Should have gone Android!

[dave87]

Sales fell from £35.6 billion in 2010 to £32.4 billion last year, and decreased 21 per cent year-on-year to just over £8.39 billion million in Q4

You'd think with sums like that they could make a profit...

[mikerr]

Oh Nokia, how has it come to this!


I remember a time when a new phone meant choosing which nokia model to buy,
and they did have very unique models:

[TheAnimus]

You'd think with sums like that they could make a profit...

In fairness to em, its very easy to make a loss of ~10% no matter what size your company is! Hell when I've made a bad deal, taken a bad project I've been known to eclipse 10%!

What's impressive is they had a company that was so far ahead of the game just 10 years ago, and turned it in to such a quagmire.

http://www.mobilenewscwp.co.uk/2012/...-loss-in-2011/

Should have gone Android!

Why on earth go Andriod? They lost 900m, it would have been 1,150 without the money from Microsoft.

Its more that they are in transitory phase with nothing truely at the £500-600 range.

Given that andriod needs really quite high specs before its runable, but the quality of phones that do this already (Mightly impressed by the screen on my mates new nexus, just not the battery life!) I doubt they'd make waves there, given the likes of Samsung and HTC owning the top and, and all the heavy competition in the lower price range andriods.

[dave87]

In fairness to em, its very easy to make a loss of ~10% no matter what size your company is! Hell when I've made a bad deal, taken a bad project I've been known to eclipse 10%!

I think you missed the billion million bit in the quote

[TheAnimus]

Yeah but the share price is a little more complex than the loss this year, its about Nokia loosing its brand, its ability to produce innovative products and everything that gives the company any kind of value.

http://www.google.co.uk/finance?client=ob&q=NYSE:NOK

Its been falling a lot worse than that lately....

[mrochester]

What you need to understand is that Nokia's loss is as a result of them cutting the value of some of their assets. The smartphone division, although down too, actually made a profit.

Thank goodness Nokia didn't go Android. We don't need yet another Android manufacturer. We already have an overwhelming glut of Android devices!

[TheAnimus]

Should have gone Android!

Thank goodness Nokia didn't go Android. We don't need yet another Android manufacturer. We already have an overwhelming glut of Android devices!

Yey! Reasoned thought!

The thing I find odd about Nokia's decission is they've not forced Microsoft to give them a whole bunch of devs to implement those features people expected from their higher end phones 2 years ago. I'm talking TV out (I'd hope HDMI) and the like.

[Hicks12]

animus dave was pointing out that the report says they made 8.39 BILLION and then million so basically a crap crap crap load .

Its down to them being in the transition and i agree that if they went with android then they would be dead very quickly, there is no reason to go android... Android requires to much high end components to run effectively and with that comes terrible battery life, MS have an excellent system and the only major thing they're missing is a tremendous integration between different devices like Apple do with itunes etc.

So basically when MS release windows 8 this year i can see them making huge gains as everything will be syncing cross platform effortlessly. However MS still need to push the windows phone 7 out there because when i was looking for a new phone i couldnt get a wp7 contract, none! Only now have i seen the lumia and thats it, no other WP7 i found on contract and considering their hardware they're overpriced They need to hit lower with contract prices, PAYG prices are bang on the money @ £150 - £250 for the things like LG optimus and samsungs version but stock is getting rare.


MS just need to push it generally and nokia need to release a couple more devices to make it a little different, i personally dont like the lumia its to squarish for my tastes (havent seen it in real life yet)


edit: Oh and if some company will FINALLY stop and think, hold on lets have a thicker phone ... they will probably get my new lot of money , pees me off with stupidly thin phones yet having a few MM would increase batterylife 2 fold. Motorola done this with the razer and id like that to be adopted by everyone

[shaithis]

The thing I find odd about Nokia's decission is they've not forced Microsoft to give them a whole bunch of devs to implement those features people expected from their higher end phones 2 years ago. I'm talking TV out (I'd hope HDMI) and the like.

The thing I find odd, is what they found so hard about implementing such features.

For me, they have done a Kodak. Perhaps they have realised in time, who knows....I am sure the next 24-48 months will be crucial for them though and they had better have some products soon to make people go "ohh" and "ahh".