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More on Nokia (NOK) Q4: swings to operating profit of €439M from loss of €954M last...

More on Nokia (NOK) Q4: swings to operating profit of €439M from loss of €954M last year. Sells 4.4M Lumia devices vs 2.9M in Q3, 6.6M smartphones vs 19.6M last year. Phone volume +4% Q/Q but -15% Y/Y to 79.6M; Asha smartphones 9.3M units, Symbian 2.2M. Net cash €4.4B vs €3.6B in Q3. Shares +2.8% premarket. (No dividend) (PR)

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Comments (12)
  • mitrado
    , contributor
    Comments (2019) | Send Message
     
    The little people sell-off has begun, all selling because they won't get their 26 cents a share (pre-tax.) Idiots. This decision will take NOK higher than those 26 cents a share. Eehehhe! :-P
    24 Jan 2013, 06:57 AM Reply Like
  • Seppo Sahrakorpi
    , contributor
    Comments (2042) | Send Message
     
    Profitable, and net cash going up, substantially. This is looking like a real company now :)
    24 Jan 2013, 07:09 AM Reply Like
  • Mareand
    , contributor
    Comments (3) | Send Message
     
    For long term good...things going up!
    24 Jan 2013, 07:27 AM Reply Like
  • wigit5
    , contributor
    Comments (4218) | Send Message
     
    I believe this will reverse again during regular trading... this isn't bad news at all for NOK
    24 Jan 2013, 08:23 AM Reply Like
  • kmi
    , contributor
    Comments (4312) | Send Message
     
    I think dividend harvesters are making for the exits.
    24 Jan 2013, 09:40 AM Reply Like
  • danzada
    , contributor
    Comments (136) | Send Message
     
    Apple sold waaaaay more phones than last year and went down like a rock, yet Nokia selling less phones is a good thing? Rofl.
    24 Jan 2013, 10:25 AM Reply Like
  • wigit5
    , contributor
    Comments (4218) | Send Message
     
    danzada you aren't looking at it the right way... what happens to apple doesn't matter to Nokia.

     

    Nokia managed to become profitable at a time when shorts thought it was going bankrupt. Sure it sold less smartphones but it went through a major transition from Symbian to WP8 which is also new and yet to build a consumer base (although it's growing obviously). 2013 will be a pivotal year for Nokia, I think that had NOK released their Lumia phones sooner in the US we would be seeing radically different results... but they didn't get it out until November (iirc) and on top of that it took 2-4 weeks to get one if you didn't stand outside the store for a few hours before open.
    24 Jan 2013, 10:30 AM Reply Like
  • mitrado
    , contributor
    Comments (2019) | Send Message
     
    "danzada you aren't looking at it the right way... "

     

    Very true:
    "And although iPhone sales jumped 29% to 47.8M, the figure was below predictions of 50M"

     

    It doesn't matter how many millions Apple sells. Analysts expect growth profit records, from here to eternity, which is an utopia. We know it, they know it... everyone knows it but they still don't care. Analysts set their expections to to the clouds and then dump when it's obvious it won't happen.
    Next, they lower their price targets to a stupid value (you'll see the PT a lot higher than current price and you'll still want to buy. Most times it's a trap.)

     

    This is how the Stock Market game is played. :-P
    24 Jan 2013, 10:45 AM Reply Like
  • tsiwen
    , contributor
    Comments (102) | Send Message
     
    Buying opportunity for us long term investors-- still 4+% return if you sell calls!!! Stock has more intrinsic value today than yesterday!!
    24 Jan 2013, 09:19 AM Reply Like
  • DeepValueLover
    , contributor
    Comments (9719) | Send Message
     
    2013 goals:

     

    29 million Lumias sold

     

    $8 billion net cash

     

    39% operating margins on the Asha line

     

    Nokia is doing a lot better than this time last year but there is a LONG way to go.
    24 Jan 2013, 09:25 AM Reply Like
  • danzada
    , contributor
    Comments (136) | Send Message
     
    Are those the analyst targets? Nokia targets?

     

    Thanks.
    31 Jan 2013, 07:17 PM Reply Like
  • asifruman
    , contributor
    Comments (75) | Send Message
     
    bought @ 1,59€ then at 2,35€ then added more at 2,69€ then recently i added more at 3,33€. it went as high as 3,60€. today placed my selling order at 3,5€ but didnt want to look short term, so cancelled it intentionally. later it goes -10% in spite of so many positive news. my friend visiting at my place for gym, i would make him buy at 3,11€ and after the gym he is earning 5% but we both are LONG term investors in NOK. :D
    24 Jan 2013, 03:09 PM Reply Like
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