Nokia Corporation has announced their Q1 2013 results. The company sold 5.6 million devices, which is up from 4.4 million in the previous quarter. Two-thirds of the Lumias sold in Q1 were running on Windows Phone 8. In the same quarter one year ago, Nokia shipped two million Lumia smartphones. Nokia has shipped a total of 19.9 million Lumias since the first Windows Phone device (Lumia 800) was introduced in November 2011.
Nokia and Microsoft have announced at a press conference in New York that they have sold 7 million devices so far in the Lumia series of devices. These sales are based on 54 markets across 130 operators. However the company has sold around 600,000 Lumia handsets total in the U.S. in Q2. Nokia sold 4 million Lumia devices in Q2 and around 2 million across the previous two quarters. There are around 100,000 applications available on the platform as of right now and four out of five cars that have navigation systems are using Nokia mapping on them said Nokia CEO Stephen Elop.
Earlier today I wrote about how Nokia lost $1.7 billion this past quarter. Nokia’s stock price is trading at $1.83 and their market cap is sitting at $6.85 billion.
Nokia has announced that they are laying off 10,000 positions globally by the end of 2013. Nokia is saying that this will enable them to “rescale the company.” Reductions will be happening in the Devices & Services division. Some facilities will be closed in Germany and Canada. Nokia will be streamlining their IT, corporate, and support functions. The manufacturing facility in Salo, Finland is also being closed.
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When Microsoft acquired Skype for $8.5 billion this past October, people have been wondering how the software giant would integrate the VoIP giant. This issue has been extended to Nokia. Mobility blogger Tomi Ahonen wrote a report about the Nokia shareholders meeting in Finland and it sounded like Nokia CEO Stephen Elop had to answer some tough questions. Ahonen said “Elop had explained that Nokia, together with Microsoft, is now attempting to convince carriers/operators to accept Skype against their wills, by marketing/pricing/sales gimmicks. This admission says to me that the carriers are truly hostile towards Nokia about the matter and this negotiation attempt is futile.”
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Nokia CEO Stephen Elop has officially announced the “first real Windows Phone” known as the Nokia Lumia 800. The Lumia 800 has a single-core 1.4GHz processor. It has 16GB of internal storage and a 3.7-inch ClearBlack AMOLED screen with a black, cyan, or magenta case with speaker holes drilled in. The Lumia 800 has a camera button that triggers the f/2.2 Carl Zeiss Tessar lens. The operating system is Windows Phone Mango and it comes with 25GB of SkyDrive storage. The price is €420 ($580) without subsidies. You can pre-order the Lumia 800 now and it expects to be shipped in November in the UK, France, Spain, Germany, Italy, and the Netherlands. The Lumia 800 has a quad-band GSM device with 14.4Mbps HSDPA speeds. The 8-megapixel camera captures 720p30 video and there is 9.5 hours of 3G talk time. [This is my Next]
Nokia Corporation (NYSE:NOK) and Apple Inc. (NASDAQ:AAPL) have announced a patent license agreement together. The agreement will end all patent litigation between both companies. This includes complaints being withdrawn from the U.S. International Trade Commission.
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Nokia Corporation (NYSE:NOK) announced this morning that they plan to align their workforce and will be consolidating some operations. As a result, there will be a massive layoff. Nokia will be cutting about 4,000 employees by the end of 2012. Most of these job cuts will take place in Finland, Denmark, and the U.K. Nokia will also be transferring all of their Symbian software jobs and 3,000 employees to Accenture Plc (NYSE:ACN).
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