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Up premarket following its Q3 report, Nokia (NOK -3.2%) has turned negative. Ongoing cash burn...

Up premarket following its Q3 report, Nokia (NOK -3.2%) has turned negative. Ongoing cash burn and a 38% Q/Q drop in smartphone shipments to 6.3M seem to be overshadowing a revenue beat (fueled by strong Asha phone sales) and slight operating profit. Also, Nokia's total mobile phone ASP fell 10% Q/Q and 16% Y/Y to EUR43, thanks to a mix shift from smartphones (EUR155 ASP) to feature phones (EUR31 ASP). European volumes rose 10% Q/Q, but Chinese volumes fell 27%.
Comments (3)
  • Ashraf Eassa
    , contributor
    Comments (9084) | Send Message
     
    What were people expecting? It's all about WP8.
    18 Oct 2012, 12:14 PM Reply Like
  • beyond dreams
    , contributor
    Comments (191) | Send Message
     
    Listening to Elop gave me even more confidence that Nokia is on track, and most likely little ahead, on the restructuring. Given the cash burn Nokia has plenty of time to turn the ship around.

     

    Q3 is the worst quarter that Nokia faced as 7.5 incompatibility with WP8 was announced at the beginning of the quarter dampening the sales of WP7.5 for the entire third quarter. Additionally, iPhone and S3 phone announcements and product introductions made during the quarter.

     

    Now, it is just a matter of time for us to sit and wait for the real results that should give us a much better idea of how Nokia will fare in the future.
    18 Oct 2012, 02:30 PM Reply Like
  • cmrzlg
    , contributor
    Comment (1) | Send Message
     
    What would be the worst case?
    - Nokia is acquired - total asset value?
    - Nokia anounce androind phone; or Lumia 920 supports Android?
    19 Oct 2012, 06:30 AM Reply Like
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