Nokia has released its Q3 2011 results, reporting an operating loss of -€71 million, with net sales of €8.980 billion (down 13% YoY). Nokia's Devices and Services division's profits were €132 million. Margins in devices and services were 2.4% (down from 11.3 % in Q3 2010 and up from -4.2% in Q2 2011). Total smartphone device sales were 16.8 million, compared with 27.2 million units in Q3 2010 (down 34% YoY) and 16.7 million units in Q2 2011 (up 1%, QoQ). The results were ahead of expectations and suggest the company has started on the road to recovery.
Nokia has released its Q2 2011 results, reporting an operating loss of -€487 million, with net sales of €9.275 billion (down 7% YoY). Nokia's Devices and Services division's losses were -€247 million. Margins in devices and services were -4.5% (down 14% YoY and down 14.2% QoQ). However, non-IFRS operating profit was €391 million (down 41% YoY and down 44% QoQ), with Devices and Services non-IFRS profit at €369 million, and margins at 6.7%. Total smartphone device sales were 16.7 million, compared with 24 million units in Q2 2010 (down 34% YoY) and 25.2 million units in Q1 2011 (down 31%, QoQ).
Nokia has released its Q1 2011 results, reporting an operating profit of €439 million (down 10% Year-on-Year), with net sales of €10.399 billion (up 9% YoY). Nokia's device and service division's profits were €439 million, down 10% from last year. Margins in devices and services were 9.8% (down 2.3% YoY and down 1.5% QoQ).
Total converged devices sales (mainly Symbian-powered smartphones) were 24.2 million, compared with 21.5 million units in Q1 2010 (up 13% YoY) and compared with 28.3 million units in Q4 2010 (down 14%, QoQ). Worldwide smartphone market share was 26%, down 5% sequentially and 15% year on year. Read on for more analysis and more details.
There's an interesting editorial over at The Telegraph, quoted below, in which the author questions, as I have done several times, the prevailing wisdom over whether the current craze for 'apps' (for accessing information and services) is a good thing. The editorial starts and ends in the pub, which is a good start to some decent left-field thinking. Why use 'apps' when we have the Web itself? Surely what we need is a better and more intelligent Web?
Widely reported in the media today is the leak of an internal Nokia 'memo', penned by Nokia's CEO Stephen Elop. It lays out the problems facing Nokia, most notably around its software strategy, and argues that Nokia is "standing on a burning platform" with a choice to be made about the future. And what is that choice? That's what we'll be finding out on Friday, when Nokia holds its Analyst and Financial event (Capital Markets Day).
An interesting few thoughts from Pat Phelan (Head of Innovation at Cubic Telecom) based around SMS. The starting point is the impending tidal wave of text messages of “congratulations and all the best” and the realisation that while he personally can’t stand them, for network operators this time of year is a license to print money. Is SMS usage going down? Yes, but not in a significant number. The simple reason is that there’s nothing easy to replace it.
Marko Ahtisaari, SVP of industrial design at Nokia, was one of the guest speakers at this year's LeWeb Conference. He covered topics from dominant designs of smartphone user interface and collective intelligence with mobile devices. He outlined why he sees that there's plenty of work to be done in the world of mobile user experience, particularly in having mobile devices actually demand less of our attention. In his view, iOS is "beautifully elegant and fantastically constrained", while Symbian and Android actually share the same design pattern but differ greatly in their business models. Read on for a in-depth account of the speech and Q&A session.
AAS fans might like to note that our very own Rafe Blandford and David Gilson have been the guests on The Phones Show Chat podcast over the last two weeks, Rafe in chat 64 and David in chat 63, providing analysis with their own particular slant, notably with much mention of MeeGo, still prominent in the news following the conference last week, but also with masses of Symbian chat as well. Worth a listen to one of them over your lunch-hour? Also, see below for an important URL change for 3-Lib and The Phones Show - my old web server is disappearing up Sky's tailpipe at the end of 2010!
It’s nice to see that Nokia’s strategy is slowly becoming clear to the mainstream media, as this article in the Wall Street Journal shows. While it does (eventually) get to the point, it starts as many articles do, from a false statement, magnified by Stephen Elop’s new role as CEO. Namely “his first decision was to go it alone and not adopt Android.” A statement that makes for a headline but has no basis in commercial reality.
Rafe and Reggie are at the MeeGo Conference in Dublin. Here we have live coverage from day two and day three; we'll be bringing you live coverage, with updates from the sessions and surrounding activities. Joining us in our live coverage is mobile analyst Julien Fourgeaud and The Handheld Blog. We're using Cover It Live, which is embedded below, and lets you read the latest updates, view pictures, vote in polls and add your own comments and questions