Thursday, October 18, 2012

Nokia's 3rd quarter: going down, down down.

Boy, if you thought Nokia's sales were anemic, take a look at what happened last quarter.  Looks like that expectation of slowed sales due to the Windows Phone 8 pre-announcement was right.  No death knell, but put it this way: what Nokia sold in a whole quarter is slightly less than FIVE DAYS of Android handset activations.

People are concerning themselves with the improved bottom line (even though it's still a loss), and so the early trading shows their stock moving upwards.  In other words, they're not paying attention to the numbers below: Smart phone sales are diving, as are revenues from smart phones.

What's interesting is that when they brought out their first WP phone, sales bumped up; since then however, it's been all downhill. Does WP8 portend a sales bump and a change of fortunes?  I think people have had enough of the Windows Phone platform, and have decided that it's not all that interesting.

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