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Nokia (NOK -11.9%) is off sharply following its Q1 report. In spite of healthy Lumia sales,...

Nokia (NOK -11.9%) is off sharply following its Q1 report. In spite of healthy Lumia sales, smartphone units -49% Y/Y to 6.1M as Symbian falls to just 500K. Thanks to Lumia, smartphone ASP rose 3% Q/Q and 34% Y/Y to €191. But feature phone ASP -10% Q/Q and -15% Y/Y to €28 (units -21% Y/Y to 55.8M, as Android takes share). Nokia Siemens sales -5% Y/Y to €2.8B (€196M op. profit) after rising 5% in Q4. European Devices/Services sales -34% Y/Y, Middle East/Africa -32%, Greater China -56%, Asia-Pac -24%, North America +9%, Latin America -24%. Cash balance up by €120M Q/Q (€210M from Nokia Siemens). 5M Asha sales vs. 9.3M in Q4. (slides)
Comments (9)
  • fafatooey
    , contributor
    Comments (358) | Send Message
     
    Sales in China down 56%. Somebody just needs to shoot this dog and put the poor thing out of its misery.
    18 Apr 2013, 09:45 AM Reply Like
  • mr wonder
    , contributor
    Comments (541) | Send Message
     
    @ fafatooey

     

    Compared to Q1-2012 sales in China are down 56%.
    Compared to last quarter Q4-2012, sales in China are up 20% again.

     

    Nice try fafatooey.
    Try throughing in some other sensational biased lines to support your short position.
    18 Apr 2013, 11:05 AM Reply Like
  • LYogi
    , contributor
    Comments (1991) | Send Message
     
    Systemblogt, Luke T., Seppo:

     

    My heart goes out to you
    18 Apr 2013, 09:46 AM Reply Like
  • mitrado
    , contributor
    Comments (1948) | Send Message
     
    I knew I should have sold yesterday and re-buy today but I couldn't bring myself to pull the trigger. Oh well, another missed opportunity.
    18 Apr 2013, 12:20 PM Reply Like
  • Stock Market Mike
    , contributor
    Comments (1858) | Send Message
     
    Yeah, this certainly stings a little! I wasn't expecting that Asha sales drop.

     

    I'm watching carefully to see if it looks like it'll rebound.
    18 Apr 2013, 12:39 PM Reply Like
  • mitrado
    , contributor
    Comments (1948) | Send Message
     
    By the way, when was it that Nokia became Lumia? I wasn't informed Nokia had ditched both NSN and NavTeq...
    18 Apr 2013, 12:20 PM Reply Like
  • slcUTAH
    , contributor
    Comments (505) | Send Message
     
    NOK got buried today. Never expected over-all sales to be that poor. Lumia, though, seems to be picking up. It's a very good phone. Monetary losses were reduced which is good. Asha was a big problem. By reading some of the comments regarding NOK here on SA yesterday and the day before most investors NEVER saw this coming. A guy from work bought a boatload of shares yesterday (6,000+ with the help of his income tax refund check) before the session ended because he thought yesterday's gain was a preview of what was to come. "Easy money" he told us. OUCH! I told him not to panic and suggested he hold on to his shares and add to his position today before the session ends to average down. Let's just say he's not a happy camper and his wife is going to be one mad woman.

     

    -Cheers
    18 Apr 2013, 04:08 PM Reply Like
  • User 6348921
    , contributor
    Comments (83) | Send Message
     
    EasyMoney = Roulette
    18 Apr 2013, 09:59 PM Reply Like
  • ted lujan
    , contributor
    Comments (517) | Send Message
     
    Ouch, It Hurts, but I added to my position Thursday morning.
    I listened to the conference call. I did not hear any thing that changed my mind on the company. The turn around continues. I do not panic easily or maybe I am just dumb.
    19 Apr 2013, 03:08 PM Reply Like
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