Thursday, November 10, 2011

Nokia Q3 2011 earnings: operating profit sinks 60 percent, but sales beat estimates

Men
, Nokia World can be done faster? Nokia needs Windows Phone in perhaps the worst way possible, and there is no doubt that, just take a look at the Q3 2011 earnings unhappy place. On one side of increased sales, net income fell 13 percent year on year (and three percent in Q2), while operating profit dropped a staggering 60 years percent of year (and 36 percent from the quarter before). In total, the company recorded net sales of 9 billion? (12.35 billion), and although things are dark compared to the glory days, still has a huge 5.1 billion? (7 million) their coffers. And the good news does not stop there. The shares of the company actually increased the word that the losses were not as bad as expected, and overall sales beat estimates. Only a loss of stock market can? 68 million ($ 93,000,000) to be "positive", but hey - we are confident that Nokia will take all the silver lining you can find. Of course, things should be on the March and after a series of devices based on Nokia WP7 are revealed later this month in London, but remains to be seen how long the company can send, and if you can enter a smartphone market that wins loyal Android IOS and the truck every day. Hit the following links to get more percentage than the average simpleton can shake a stick at.
Nokia 2011 source Q3 revenues: operating revenues plunged 60 percent, but sales beat estimates originally appeared on Engadget on Thurs, October 20th, 2011 6:18:00 EDT. Please see our terms for use of feeds.
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