The past three months haven't been the best for Finland's former world number one. It hasn't been helped by the three biggest credit agencies lowering the company's bond rating to "junk," and the Lumia 900's violently slashed price. Unfortunately the latest results reveal continuing gloom: the manufacturer made an operating loss of $1.01 billion dollars for the quarter. The company managed to make €7.5 billion in sales ($9.2 billion, down .5 billion since the last quarter), shifting four million Lumia handsets in the process. In fact, the only cause for optimism is that sales of the Lumia range have roughly doubled each quarter.
Engadget , Nokia's Q2 2012 financials: 4 million Lumias sold, $1.01 billion dollar loss, Nokia's Q2 2012 financials: 4 million Lumias sold, $1.01 billion dollar loss
No comments:
Post a Comment