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  • 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[View news story]
    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.
    Apr 18, 2013. 08:23 AM | 6 Likes Like |Link to Comment
  • The iPhone 5S is "having pre-production issues with mass production at least a month or more away," writes Jefferies' Peter Misek after visiting Asian suppliers; Misek was among the first to report of March quarter iPhone order cuts. He also thinks the launch of a cheaper iPhone could be pushed back to the Dec. quarter, and states "suppliers are worryingly beginning to discount Apple's (AAPL +1.1%) build plans following ~6 months of revisions." Misek, who has a $420 PT, is forecasting below-consensus FQ2 and FQ3 results ahead of April 23's FQ2 report. (Foxconn hiring) (WSJ iPhone report[View news story]
    Pre production is where you want the problems to be found.
    Apr 16, 2013. 02:33 PM | 6 Likes Like |Link to Comment
  • Nokia (NOK -0.6%) has shut down its flagship Shanghai store as part of its cost-saving efforts. "For a while now, we've been focusing on operator and third-party retail outlets, rather than our own physical stores," says a company spokesman. The closure, which follows a year in which Nokia's Greater China sales fell 68% (thanks in large part to tumbling smartphone sales) leaves Nokia's Helsinki store as its only flagship outlet. [View news story]
    Nokia isn't Apple. Stores have never really been part of their strategy.
    Apr 4, 2013. 02:52 PM | 6 Likes Like |Link to Comment
  • More on the Goldman downgrade of Apple (AAPL): Believing an imminent dividend hike/share repurchase could set a floor under the stock price, Goldman is less optimistic about the "timing and impact" of the next product cycle - needed if the stock is going to be an outperformer over the coming year. "The stock's upside potential should be more limited than we previously anticipated." Shares +0.25% premarket. [View news story]
    *Think* about it. Who on earth do you think is selling to you at the top and buying from you at the bottom? Companies like Goldman Sachs or other similar operations perhaps?

    Oh that would be unethical? Wake up and smell the coffee. You guys seriously shouldn't be anywhere near a market. Go buy tracker funds or you'll end up as their meat and drink.
    Apr 2, 2013. 08:55 AM | 6 Likes Like |Link to Comment
  • Why Is Nokia Selling Off? [View article]
    Oh WOW! it's up 3% *today*, we're going to the moon with this one!

    Or it's because the whole market sold off. More to come btw. The next few weeks are likely to be rather volatile.
    Feb 5, 2013. 12:05 PM | 6 Likes Like |Link to Comment
  • Nokia's Feature Phone Sales Are In Long-Term Decline - Can It Cope? [View article]
    You make some very good points, and Chinese clones are a *huge* problem for all manufacturers. Nokia is the only producer I've seen with a good response.

    i.e. Asha; literally bringing smartphone features to dumb phone price levels. Which BTW will crush margins on low end Androids as well.

    So are Asha smart phones or feature phones? I've yet to see a definition of smart phone which the Asha range doesn't conform to. If it looks like a duck, walks like a duck and quacks like a duck, it's a duck.

    Can they run native apps? Well, the Nokia built in apps are clearly native. The Twitter client, photo editing even. Whether they open the native apps to the public is business rather than technical decision. Other than that you use Java to write apps, and there are tens of thousands of J2ME compatible apps available.

    Touch user interface? Check
    Maps (Nearby)? Check
    Web browser? Check
    Facebook? Check
    Twitter? Check
    Music? Check
    Camera? Check

    You name it they have it. Albeit they are deliberately low cost, low spec devices using Nokia's previous generation of hardware.
    Feb 4, 2013. 09:34 AM | 6 Likes Like |Link to Comment
  • Apple's Growth Story Is Over [View article]
    You're clearly missing the point. You're not a believer & therefore are a heretic.

    It's a religious thing. Haven't you noticed all the Apple execs in priests outfits?
    Jan 24, 2013. 01:38 PM | 6 Likes Like |Link to Comment
  • Nokia Upgrades Will Create More Upside [View article]
    Those shiny new WP8 phones and Ashas (which by the way are a revelation) didn't appear out of nowhere.

    If you stop for a second and look at what's been happening, NOK clearly knew when WP8 was coming out well in advance, developed their primary products; the 820 and 920 for that release.

    It's clear now the 800 and 900 were stopgap WP7.5 phones till MS could finish WP8. I have a 900 and it's a nice phone but like the iPhone 5 it is previous generation hardware, it has no new technology in it.
    Jan 11, 2013. 05:32 PM | 6 Likes Like |Link to Comment
  • More on Nokia: Liberum Capital claims the Lumia 920 is back in stock in many channels where supplies had run out, and is available for shipping within 24 hours on Amazon. The firm thinks Nokia received orders for ~2.5M Lumia 920 units as of the third week of November, and believes Q4 920 shipments will likely exceed its current forecast of 3M. 2M sales of other Lumia models are also expected, and Q1 demand is seen holding steady. Those numbers could be going over well in light of the downbeat assessments provided by other analysts. [View news story]

    "Analysts" clients are positioned and ready to go, here come the positive pump articles for retail. Cramer will be next.
    Dec 17, 2012. 02:50 PM | 6 Likes Like |Link to Comment
  • Nokia Scores Big Win With China Mobile Partnership For Lumia 920T [View article]
    What I find amusing is that so many US investors & analysts look just at Nokia's US performance... Where they've done terribly forever and then assume that's how it is for the rest of the world.

    The US has historically been a tiny market for Nokia (to their detriment). With the huge subsidies that AT&T are getting though on the 920 it's clearly one they've decided to enter aggressively to disrupt Apple & Google. A lot of people are going to be very surprised.

    Which is good because the market is always wrong.
    Dec 6, 2012. 02:06 PM | 6 Likes Like |Link to Comment
  • Nokia Rings In The Holiday Season With Strong Lumia Demand [View article]
    There are no ecosystems, no matter what Elop & Microsoft think. Mobile phone consumers jump ship to the latest/hottest phone when their contracts expire, and the 920 is both. With Android's use of a java virtual machine for it's apps it's easy to run them on alternative platforms.meaning any platform which ports Dalvik instantly has access to all the apps available for Android.
    Nov 25, 2012. 08:58 AM | 6 Likes Like |Link to Comment
  • Nokia: What Does The Future Hold? [View article]
    The 920 is at numbers 1, 2, 9 & 10 in the AT&T charts on Amazon. Considering AT&T have the exclusive on it for the moment that means it's beating the best of the rest.

    As a shareholder I consider it my duty to bring you this link to some phone porn to bring you up to date with what's going on.
    Nov 19, 2012. 08:12 AM | 6 Likes Like |Link to Comment
  • Bill Gross' (likely accurate) description of the fiscal cliff and its resolution in 140 characters or less: "Deeper than advertised. It's a Grand Canyon. Washington will defer entitlement cuts and raise revenues only marginally." [View news story]

    This is so not a one dimensional left-right politics type thing. This is a "The End of the United States of America as you recognise it" type thing.
    Nov 11, 2012. 01:00 PM | 6 Likes Like |Link to Comment
  • Though analysts have come to its defense this morning, Apple (AAPL -1.9%) can't catch a break - shares now trade at 8.2x FY13E EPS (exc. cash). The decline comes as signs emerge Apple is taking new steps to vertically integrate: Digitimes reports Apple is now directly placing orders with material suppliers, who traditionally interact with manufacturers, and Horace Dediu theorizes Apple may have invested ~$2B in Sharp's display production. He also notes Apple's off-balance-sheet manufacturing/component purchase commitments have risen to $21.1B[View news story]
    You don't understand. The market is forward looking it has already priced in the iPhone 5 and is looking beyond. It doesn't like what it sees.
    Nov 8, 2012. 03:15 PM | 6 Likes Like |Link to Comment
  • Nokia (NOK) doesn't pass up the chance to gloat over the harsh response (I, II) to Apple's (AAPL) iOS 6 Maps app. "Unlike our competitors ... we completely own, build and distribute mapping content, platform and apps," the company proclaims. A Google Maps (GOOG) exec also takes aim at Apple, declaring "it takes a long time and effort to figure out how to do this right." BI notes Google has 1,100 full-time employees and 6K contractors working on Maps. (Nokia Maps deals: I, II[View news story]
    If you take a look at Citylens. Look how far back they purchased Navteq (2007) in order to make Citylens. They "get" how important mapping is on a phone. It's going to become a *transparent* part of all Nokia mobile devices; a phone is a computer you carry with you, it needs to know what is round about you to be useful.

    Look at a comparison of map services:

    Mobile mapping is Google[1] + Nokia, both have spent billions and have thousands of people working on it. *Everyone* else is an also ran, they have billions and years to spend on it if they want to catch up. It's really weird how people don't understand this.

    Good though I got them at less than the valuation of Navteq alone, they're only marginally above that now.

    [1] And this is a *big* problem for Samsung.
    Sep 22, 2012. 01:37 PM | 6 Likes Like |Link to Comment