MOBILE ZONE : nokia

MOBILE ZONE : nokia
                                       
                                   nokia corp reported that its third quarter loss widened further to 969 million euro mean $1.27 milllion with s 19 % plug in revenue as it struggle againts its dominance of samsung and iphone in the tough smart phone phone market
Net sales dropped to 7.2 billion euro ($9.45 billion), and Nokia gave a grim outlook for the rest of the year as it prepares for this fall’s launch of Microsoft Corp.’s new phone software, Windows Phone 8.

The Finnish firm said sales of its flagship Lumia phones — its first Windows-based devices launched a year ago — dropped to 2.9 million units from 4 million in the previous quarter. It acknowledged it expects no quick gains from the new Windows launch, warning that the current three-month period would be “challenging ... with a lower-than-normal benefit from seasonality in volumes.”

Nokia also failed to say when and where the new Lumia 920 and 820 will be launched, except that it will be in “selective” markets during the current quarter.

Investors, some of which had been expecting a bigger drop in sales, pushed Nokia’s share price up more than 10 percent during the day, but the gains did not last. The shares closed at 2.22 ($2.91) euro — up only 1 percent — on the Helsinki Stock Exchange.

In 2011, the third-quarter net loss was of €68 million on revenues of 8.9 billion euro . While this year’s loss was deeper than analysts’ forecast for a 610 million euro shortfall, sales beat expectations of 6.99 billion euro.

Analyst Hannu Rauhala from Pohjola bank in Helsinki said Nokia’s performance had been a mild surprise.

“The worst fears are over ... and Nokia’s network operations were clearly better than expected,” he said.

The company said its feature phones had shown strong sales on the previous quarter and Nokia Siemens Networks — its former lossmaking joint venture with Germany’s Siemens AG — had seen 3 percent revenue growth in the period with an operating profit of €182 million.