Nokia: 590 million euro net loss

Nokia has published the results of the first fiscal quarter of 2012, which was disappointing on the one hand, on the other hand, they did not disappoint those who expected an even greater fall of profits. Operating loss amounted to 1.3 billion euros, while net financial losses - 590 million euros. Initially, Nokia's assumed that this period would still be able to show a small profit, but when the results became known smartphone sales, it became clear that there is no optimistic forecast did not come true. Falling sales in this sector for more than half undermined any hope, however, or the successful completion of the quarter. If in the first quarter of 2011 Nokia sold 24.9 million smartphones, that in 2012 she was able to realize only 11.9 million of such devices. This is not to affect the change in the amount of sales: 10.4 billion euros versus the first quarter of 2011 to the current year, net sales amounted to only 7.4 billion euros. Or 29%. sales figures and ordinary phones do not inspire the slightest optimism last year Nokia sold 84.3 million units, but now only 70.8 million. Fall by 16%. In monetary terms, the fall even more - by 32%, although not as impressive as the smartphone market, where it was 52%. The official position of the company indicates that such losses are associated with a change in strategy in the smartphone market, while the device series Lumia expand its presence in the market, but at the same time, their price is lower. Great expectations are associated with the successful sales start Nokia Lumia 900 in the U.S. market, the expansion of sales geography series for 31 countries for the quarter, the yield of the seven updated models of simple phones Nokia Asha. In addition, the company recalled that Nokia still has cash, which amount to billions of euros: the gross amount of its 9.8 billion at the end of the first quarter of 2012, and net cash flows a little less than 5 billion euros. In addition, Nokia gets half a euro per year colo royalties for their intellectual property.