Microsof Nokia Acquisition Analysis

What on Earth will Microsoft do with 200 million feature phones a year?

By on September 3, 2013 at 9:05 AM.

What on Earth will Microsoft do with 200 million feature phones a year?

The timing of Nokia’s handset unit sale to Microsoft came as a profound shock. In the spring quarter, Nokia’s Lumia volumes grew by more than 20% over the previous quarter and over the summer, the cheapo Lumia 520 seemed to have developed real sales momentum. Nokia was cruising towards a second consecutive quarter of 20% sequential Windows phone unit growth. Why sell the handset unit just as Nokia’s smartphone growth was finally picking up steam? Well, possibly because feature phone sales may have started tanking so badly that it threatened to trigger a cash crisis in 2014. Nokia delivered a fairly disastrous, -27% volume decline in feature phones in the spring quarter. There are some signs from Africa and India that the autumn drop might be even worse. More →

No Comments
Nokia Asha 501 release date, specs

Nokia breaks away from Microsoft with new $99 Asha phone

By on May 9, 2013 at 7:10 PM.

Nokia breaks away from Microsoft with new $99 Asha phone

Failing to drive down the price on its Windows Phone devices, Nokia on Thursday announced a refresh of its Asha mobile operating system and the affordable Asha 501 phone. The handset is equipped with a 3-inch display, a 3.2-megapixel rear camera and either a single-SIM or dual-SIM configuration. The new Asha 501 is remarkably efficient, with Nokia promising a whopping 48 days of standby battery life for the single-SIM model and 26 days for the dual-SIM option. More →

No Comments

Nokia reports huge €1 billion Q4 loss, says over 1 million Lumia phones sold

By on January 26, 2012 at 7:30 AM.

Nokia reports huge €1 billion Q4 loss, says over 1 million Lumia phones sold

Nokia on Thursday reported earnings for the fourth quarter of 2011, revealing its third straight quarterly loss but beating analyst estimates. The company saw revenue slide 21% year-over-year to €10 billion, and profit dropped from €884 million in the fourth quarter 2010 to a €954 million operating loss last quarter. Smartphone revenue dipped 38% compared to the same quarter in 2010 to €2.75 billion, and mobile phone sales were off 23% to €3.04 billion. Nokia shipped 113.5 million feature phones, down 8%, and 19.6 million smartphones, down 31% from the same quarter a year earlier. The company said it has shipped “well over” 1 million Windows Phone-powered Lumia smartphones to date. “Overall, we are pleased with the performance of our mobile phones business, which benefited in Q4 from sequential double-digit percentage growth in our dual SIM business, with particular strength in India, Middle East and Africa and South East Asia,” Nokia CEO Stephen Elop said in a statement. “In October, we introduced the Asha 200, 201, 300 and 303, which brought new mobile phones into 76 markets around the world. We are building on this foundation with R&D investments as we continue our journey to connect the next billion to the Internet.” More →

No Comments

Nokia unveils ‘Asha’ family of Series 40 phones

By on October 27, 2011 at 12:00 AM.

Nokia unveils ‘Asha’ family of Series 40 phones

Nokia fans around the world may be focused on the company’s two new high-end Windows Phone devices unveiled during Nokia World in London on Tuesday, but that didn’t stop Nokia from revealing a handful of Series 40 devices, too. The Finnish phone maker revealed its “Asha” family of phones on Wednesday, which includes the Asha 200, Asha 201, Asha 300 and Asha 303. The higher-end Asha 303 is equipped with a 2.6-inch display, a full QWERTY keyboard, a 1GHz processor and more. The 300 offers an alphanumeric keypad, a 1GHz processor, a 5-megapixel camera and support for 3G networks. Nokia expects both phones to begin shipping during the fourth quarter of this year. The Asha 201 and 200 are very similar, both offer full QWERTY keyboards, but the Asha 200 also supports dual SIM cards. Both phones will ship during the first quarter of next year. Read on for the full press release from Nokia. More →

No Comments