4 million Lumia smartphones shipped in Q2 by chocolate.boy 2012/07/19 18:40
Nokia, which until recently was the world's biggest mobile phone maker, reported a much worse-than-expected second quarter loss Thursday as it presses on with a massive restructuring of its faltering business.
The Finnish company's chief executive Stephen Elop acknowledged in the earnings statement that the April-June period had been "a difficult quarter".
In the second quarter, Nokia posted a net loss of 1.41 billion euros (*1.74 billion), about four times their loss of 368 million euros during the same period a year earlier and more than double the loss anticipated by analysts. The Q2 operating loss stood at *1.01 billion.
Analysts polled by Dow Jones Newswires had expected Nokia to post a net loss of just 654 million euros for the quarter.
While the company also suffered a 19-percent plung in sales to 7.54 billion euros, it did beat analyst expectations that it would rake in 7.24 billion.
Nokia, which until recently was the world's biggest mobile phone maker, reported a much worse-than-expected second quarter loss Thursday as it presses on with a massive restructuring of its faltering business.
The Finnish company's chief executive Stephen Elop acknowledged in the earnings statement that the April-June period had been "a difficult quarter".
In the second quarter, Nokia posted a net loss of 1.41 billion euros (*1.74 billion), about four times their loss of 368 million euros during the same period a year earlier and more than double the loss anticipated by analysts. The Q2 operating loss stood at *1.01 billion.
Analysts polled by Dow Jones Newswires had expected Nokia to post a net loss of just 654 million euros for the quarter.
While the company also suffered a 19-percent plung in sales to 7.54 billion euros, it did beat analyst expectations that it would rake in 7.24 billion.
#69 Phones/PCs/Apps
For phones, computing, consoles, gadgets, & internet talk, plus share apps & other files.