Tuesday, November 10, 2009

NOKIA'S FIRST NET LOSS


Nokia, which is known to everyone as the largest producer of mobile phones in the world, had its first (since 1996) net loss. Its loss is about 559 million euros (and profit is only 1.09 billion euros a year).

Sales became much smaller up to 9.8 billion euros. Nokia’s sale has dropped to 7.2 percent this year.
Nokia Siemens Networks ordered operating losses of more than 1.6 billion euros in 2007 and 2008, because it was struggling against carrier spending cuts. The Chief Executive Officer informed that they were not going to stop supporting Nokia Siemens Networks actions in order to make its performance better in future.
The company has sold about 16.4 million smart phones. In comparison with the previous quarter this quantity was16.9 million.
As for sales of multimedia phones, they are 4.5 million now, and last quarter there were sold 4.6 million phones. 4.4 million of the E series of phones is sold at present time and last quarter 4.7 phones were sold.
Nokia said about a scaled down version of the N97 touchscreen device in the quarter as it readied the N900, the first phone that used a new software platform.

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