Nokia posts Q1 interim report, handset sales down 30 percent

[Windows Central]

As Nokia hands over the bulk of its devices and services business to Microsoft, the company has published its interim financial report for Q1 2014, showing a year-on-year decline in handset sales of 30 percent. Today's numbers also reveal operating losses of ?326 million ($452 million) on revenue of ?1.929 billion ($2.68 billion) for the devices and services unit during its last quarter in Nokia's hands. The report blames "intense smartphone competition at increasingly lower price points and intense competition at the low end of our product portfolio" for the slide in sales, a continuation of the disappointing results posted in Q3 2014. The report also notes a sequential and year-on-year decline in average selling prices for devices, indicating that those who did buy Nokia phones shied away from higher-priced models.

Full story from the WPCentral blog...

 

[bionicgt]

So sad

 

[rodan01]

Making an almost exclusive deal with Nokia was another big mistake from Microsoft, and now they made it bigger buying trash assets for $7.5 billion!
It's unbelievable the some people still think that using the Nokia brand is a good idea.

 

[fdalbor]

While it may sound bad remember that the only company that sells more mobile phones (smart and dumb) than Nokia is Samsung. Nokia is still the number two selling mobile phones in the world. The world is not comming to an end.