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More on Nokia (NOK) Q1: net profit adjusted for non-cash items €323M; net sales -20% on...

More on Nokia (NOK) Q1: net profit adjusted for non-cash items €323M; net sales -20% on year and -27% on quarter. Operating loss €150M vs loss of €1.34B a year earlier; non-IFRS operating profit €181M vs loss of €258M. Lumia volumes +27% on quarter to 5.6M units. Mobile phones Q1 volume -30% on quarter to 55.8M, "reflecting competitive industry dynamics and an estimated higher than normal seasonal decline." Shares -5.6%. (PR)

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Comments (10)
  • JoseV
    , contributor
    Comments (406) | Send Message
     
    As usual Traders are over-reacting and selling off. But results are in line with the company's on going restructuring. Would like to look at the underlying numbers
    18 Apr 2013, 06:39 AM Reply Like
  • css1971
    , contributor
    Comments (870) | Send Message
     
    Looks like Symbian is now not making any significant contribution, which is expected, and Lumia is doing pretty much as expected the numbers are starting to look better, average selling price is up from €143 to €191, unit sales are up & margin increased.

     

    Their base devices aren't doing well though. Average selling price dropped to €28 & they shipped less of them. People are switching to smart phones. Asha are also down.

     

    NSN seems to be on the path to recovery. Here's making less money from internal sales to the smart devices & mobile phone divisions, they'll have to increase external sales.

     

    They've turned round NSN, they've turned Smart Devices they now need to make Mobile Phones smarter.
    18 Apr 2013, 07:28 AM Reply Like
  • Origa
    , contributor
    Comments (561) | Send Message
     
    Nokia needs android, and a new CEO.

     

    There are plenty of evidence that the board is going to sack Elop.

     

    No dividend.
    Throwing iPhone on national television.
    Insane Microsoft partner that is not delivering an OS that sells in the tens of millions.
    Insane Microsoft projection on how much they can sell.

     

    It will become clear that the growth in android is from Nokia series40/30 and symbian.

     

    Android is a better customer value than an asha device, and therefore a new CEO is coming to nokia after Q2 results are reported.
    18 Apr 2013, 07:37 AM Reply Like
  • css1971
    , contributor
    Comments (870) | Send Message
     
    Nokia can't do Android at sub $100. Only the Chinese manufacturers can do that, and they can only do it because they are subsidised by the government. Not even Samsung can do Android on the cheapest devices.

     

    I'm pretty sure there won't be a Nokia Android while Google insist on their services being bundled.
    18 Apr 2013, 07:45 AM Reply Like
  • Origa
    , contributor
    Comments (561) | Send Message
     
    If Nokia can't do sub 100$, then they are out of the competition.
    18 Apr 2013, 07:51 AM Reply Like
  • Andreas Hopf
    , contributor
    Comments (10241) | Send Message
     
    What Nokia needs is no short-term thinkers that would like to see such large company to change OS like people change shirts. Reasons why Nokia should not jump on the Android bandwagon have been exhaustively looked at on SA in recent months.
    18 Apr 2013, 08:21 AM Reply Like
  • css1971
    , contributor
    Comments (870) | Send Message
     
    They can do Asha sub $100.

     

    Android runs like garbage on sub $100 hardware... Unless it's $200 hardware which is subsidised to $100. Samsung are bringing out their own non Android sub $100 phones for the same reason.
    18 Apr 2013, 08:23 AM Reply Like
  • yonipl
    , contributor
    Comments (9) | Send Message
     
    Symbian units from 2,2M to 0,5M q2q. From now on, Symbian sales really do not have any relevance, or actually, the 12q4 was the last q they had.
    And Lumia units sale is expected to grown more than +27% in q2. That is more than 1,5M units. Easily covering any future drop in Symbian sale.
    18 Apr 2013, 07:35 AM Reply Like
  • Origa
    , contributor
    Comments (561) | Send Message
     
    The loss in this Quarter was due to the 30% decline in mobile devices. Damn!

     

    Otherwise, seen from last year, Nokia have improved in the Billions of Euro while loosing sales revenue in the Billions.

     

    NSN improved by 1.007 Euro Billions YoY.

     

    Seen YoY it is very clear improvement, seen QoQ then it is a bad Q.

     

    The sales numbers are bad, just as bad as the rest of this earnings season.
    18 Apr 2013, 08:01 AM Reply Like
  • Andreas Hopf
    , contributor
    Comments (10241) | Send Message
     
    No. Not bad at all. In the dullest season, with supply issues, and no marketing, ~3.1m more "real Lumias" were sold than in Q4. That is good.
    18 Apr 2013, 08:27 AM Reply Like
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