Nokia Q3 financial results are out, not much has changed

15 October, 2009
Nokia have just announced their Q3 financial report. The sales of the Finnish giant have risen by 5% compared to the previous quarter but they are still 19.6% lower than the third quarter of 2008...

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  • Nokie
  • tLt
  • 21 Oct 2011

Anonymous, 19 Oct 2009Nokia, will never lose their marketshare and nor will they ... morego Nokia! go!

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    • Anon
    • 2In
    • 27 Oct 2009

    Anonymous, 19 Oct 2009Nokia, will never lose their marketshare and nor will they ... moreThat's what's GM said once too. :)

      • ?
      • Anonymous
      • Er2
      • 21 Oct 2009

      [deleted post]I wonder even with all the dozens of touchscreen models released by the almighty brand AFTER the release of iphone.

      Surprisingly the almighty brand didn't seem to know how to make touchscreen before iphone, but after iphoen all of the sudden the almighty brand released at least half a dozen touchscreen phones...

      From my observation in one of the largest phone markets in the world...USA, the almighty brand is doing worse than even SE, or maybe even Moto...

        • ?
        • Anonymous
        • Er2
        • 20 Oct 2009

        [deleted post]I wonder even with all the dozens of touchscreen models released by the almighty brand AFTER the release of iphone.

        Surprisingly the almighty brand didn't seem to know how to make touchscreen before iphone, but after iphoen all of the sudden the almighty brand released at least half a dozen touchscreen phones...

        From my observation in one of the largest phone markets in the world...USA, the almighty brand is doing worse than even SE, or maybe even Moto...

          • ?
          • Anonymous
          • mrk
          • 19 Oct 2009

          Anonymous, 17 Oct 2009Nokia has been slowly losing this game for years. Apple's ... moreNokia, will never lose their marketshare and nor will they end up as Motorolla. You know why? Nokia knows what most people want, they don't stick up to one specific group, but they have product for every segment and in any sort of price.

          Nokia also has the most features for the lowest price. Comparing Motorolla to Nokia is tbh, the dumbest thing I've ever read in my entire life. Motorolla is shit and Nokia is one of the 5 best brands in the world, and that's something that'll never change.

          Nokia will get to 50% by 2011.

            • ?
            • Anonymous
            • mEk
            • 17 Oct 2009

            Nokia has been slowly losing this game for years.
            Apple's been the biggest dent, and now with Palm's amazing Pre and Android taking over almost all manufacturers, Nokia will go the same way as Motorola. Nokia needs to admit they can't design good hardware or software for the high end smartphone sector. They need to get a better design team and start putting android on their handsets. The N900 looks better but it's still got a hint of crappy S60 interface feel.

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              • nokiafan4eva
              • 95q
              • 16 Oct 2009

              I think nokia would have had a larger sales if they would have not had all the issues with the n97!!! I've had nokia all my life and stuck with this great company but after purchasing the n97, i am starting to look at other manufactures. I believe so many others are also. I know every company has at least one bad product but they could of made it a main priority to fix the issues. they released the video of the firmware update for october in early september and i called nokia on oct 12 and none of the nokia representatives know of any release dates. $630 on a phone and all the problems in the world. I work for one of the mobile companies and i sample a lot of phones and i am disappointed just like all other big nokia fans that have intrusted nokia into providing a great phone at $630.

                • ?
                • Anonymous
                • 0dq
                • 16 Oct 2009

                Good for Nokia.

                Wished it would design better looking phones! Some of them are just bland or just ugly! The GUI needs to be updated for many models!

                Maybe the other phone makers should take note and improve their products esp. SE, which seems to be dying, as hardly any news has been released!

                  • N
                  • ND
                  • wHS
                  • 16 Oct 2009

                  Great done! Nokia still rules the mobile world anyway. XD

                    • N
                    • ND
                    • wHS
                    • 16 Oct 2009

                    Anonymous, 15 Oct 2009Samsung and LG with their latest creative phones are steali... moreHahahahaha... SE still can't steal any share from Nokia. LOL...

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                      • Dee
                      • iLU
                      • 16 Oct 2009

                      62euro average handset selling price lol Nokia make their money firing out cr@ppy cheap phones! Even their high end phones have inferior build quality with a few exceptions.

                        • ?
                        • Anonymous
                        • EYb
                        • 16 Oct 2009

                        Oh Come'on GSMArena, its getting so obvious everything about Nokia you reviewed is all nothing but praise even for its flaws !

                        Its losing money big time this time round and we are talking about Nokia losing $834 Million US Dollars.

                        First Loss in a Decade Baybeh ! Everything's the same? Yeah just down the same hole thats for Sure.

                          • ?
                          • Anonymous
                          • uCj
                          • 16 Oct 2009

                          even though got some people at engadget there already use some

                          SIMPLE and BASIC word to describe the financial report and the comment already been rated "Highest ranked" ,still, got some people donno how to read it ?!

                            • ?
                            • Anonymous
                            • uCj
                            • 16 Oct 2009

                            nokia biggest loss is not PHONE but NETWORK SERVICE!

                            this prove that some idio.t people can't read and donno how to read financial report

                            try to download it from nokia press

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                              • Etolix
                              • 0w7
                              • 16 Oct 2009

                              Kal, 15 Oct 2009Good writing. The aged queen has no other option now but to... moreLol, you must have banged her damn hard since you know her looks so well! :D funny way u described Nokia the queen, but it's true.lmao

                                • i
                                • ip
                                • PV$
                                • 16 Oct 2009

                                You must read this link ........................

                                http://www.engadget.com/2009/10/15/nokia-posts-834-million-quarterly-loss-smartphone-slips-anothe/

                                  • i
                                  • ip
                                  • PV$
                                  • 16 Oct 2009

                                  [deleted post]Yes you are really correct……………

                                  GSM arena is a big fan of Nokia…………

                                  The Nokia totally lost. This is even effect to European share market. The European market shares already going down. This is big issue, but GSM arena trying to show this is a small problem.

                                  The Nokia net loss of EUR 559 million. This is really big amount. Sales slump 20%.

                                  http://gear.ign.com/articles/103/1035550p1.html

                                  http://www.allaboutsymbian.com/news/item/10611_Nokia_Q3_2009_results_converge.php

                                  http://www.guardian.co.uk/business/2009/oct/15/nokia-has-first-loss-for-a-decade

                                    • ?
                                    • Anonymous
                                    • uCj
                                    • 16 Oct 2009

                                    OH my gosh!

                                    It was Network Services that made the biggest loss, excluding that they would have probably still made a profit. Nokia does a lot of things, not just phones.

                                    network service is not a PHONE, oh my gosh, this also donno??

                                      • ?
                                      • Anonymous
                                      • Er2
                                      • 16 Oct 2009

                                      polo99a9, 15 Oct 2009all the comments posted here blame nokia for the lack of ne... moreAgree most of the sales come from mid-low end phones. However, does the strategy of keep pumping out so called "new models" with minor differences (e.g. 6303, 6700, 6720 etc...) really work? Do potential customers of these phones really care if the cam has been "upgraded" or not?

                                      From the report, sales is increasing while profit is shrinking, so does it still make sense to keep pumping out so called "new models" constantly?

                                      Last but not least, I do admire staff @ the almighty brand, as they can memorize all the (minor) differences of the different models...

                                        • K
                                        • Kal
                                        • 2SU
                                        • 15 Oct 2009

                                        Etolix, 15 Oct 2009Every king should have its prince or princess to replace hi... moreGood writing. The aged queen has no other option now but to put some makeup and act like she is still young...follow the new generation princess to survive. But she has her ego..she doesn't adapt new generation style promptly. She does it slowly to avoid being called copycat. She used to be fat, it took her long to shed those extra weight and join the slim princess. She doesn't show what she is copying from others..she does that in updates. She has no option but to "copy" the copycats these days!