Nokia's sales in Q1 fell by 20% and the minimum age of 13 and below market estimates, shares fall by 13%
The high degree of competition still prevent the resurrection of the former leader of the mobile phone market, which the Finnish company for many years.
Nokia reported a Q1 net loss this year at 272 million euros = 7 cents per share compared with 25 cents a year ago.
Revenues for Q1 were the lowest since 3Q99. Interestingly Nokia has seen record sales in 2007, which generated a total of 15.7 mld.EUR.
Sales flagship model Lumia with Windows operating system from Microsoft rose in Q1 to 5.6 million units compared to 4.4 million from 4Q12. For comparison sector leaders Samsung and Apple sold in 1Q More than 100 million smartphones.
Nokia sold in 1Q total of 61.9 million mobile phones. The market in this respect, an estimated 73 million devices, including 5.7 million Lumia.
Revenue Division "hand" equipment sales declined by 32% to 2.89 mld.EUR to an operating profit of just 0.1% of sales. The company estimated operating margin in the range of -6 to +2%. For 2Q management estimates a negative margin of -2% plus or minus 4 percentage points more.
Status with net cash at the end of Q1 increased from 4.4 to 4.5 mld.EUR
Nokia shares in response to the report fell by 6-13%. Last year, the title lost 22% since the beginning of the year, then dropped another 10%.
Last news from the section World markets:
10.04.2017 Platformy pro binární opce
Ing. Pavel Hruška, SGG.cz
Peter Bukov, TopForex
Jakub Petruška, Zlaťáky.cz
Jonáš Mlýnek, LYNX
Patrik Hudec, GENERALI
Zdeněk Ďuriš, EKKA-Gold
Libor Stoklásek, STOX.CZ