Nokia Q2 profit misses analysts' predictions, pins its hopes on 5G

26 July 2018
The company's main business by revenue is Networks, but most of the profits came from the smaller patent licensing division.

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People are still confused and uneducated. This is real Nokia which does not make phones anymore. Nokia phones you see in a market belongs to HMD, which only licence name from Nokia and it is subsidiary company of Foxcon(yes Chinese giant).

  • KMB877

Anonymous, 27 Jul 2018The ban will only benefit Samsung, they want to jump into 5... moreWell, beside Samsung, we still have Nokia Technologies, Ericsson, Nello... Alcatel-Lucent became part from Nokia's portfolio over an year ago (I'm not sure, I believe they selling communication equipment under Alcatel-Lucent brand).
Of course, nothing to do with Alcatel cellphones build & sold by TCL.

Anonymous, 26 Jul 2018It will improve revenue for HMD not nokia though...Nokia Technologies makes royalties off every patent from them included in the HMD phones (hint: it's a lot) and extra on top from the branding.

Anonymous, 27 Jul 2018This Q2 result from the Nokia which focuses on networks has... moreFalse. Nokia Technologies are included in the Nokia Corporation, and are the ones developing and licensing patents to HMD for the Nokia-branded phones.

  • Carol

Anonymous, 27 Jul 2018This Q2 result from the Nokia which focuses on networks has... moreYour brain, also has nothing to.do with activity. Actually HMD success means more money for.Nokia, so at some point, they earn.money from.Nokia.phones. As for the never ending HMD are chines trolling, it is smoked, try something else.

  • Anonymous

KMB877, 27 Jul 2018Sales only 4.7 billions? Not so much considering Chinese ne... moreThe ban will only benefit Samsung, they want to jump into 5g big time. They always do this, jump into a new market when there's a generation shift. And Samsung also passed intel to be the biggest semiconductor company yet they're worried about the red companies lol.

  • Anonymous

Homer-Simpson, 26 Jul 2018This happens to Nokia because in their mobile phones there ... moreThe nokia phones u r using right now has nothing to do with nokia.. Nokia sold its mobile division to hmd global.. Know something 1st then write a. Comment plz...

  • mark

Homer-Simpson, 26 Jul 2018This happens to Nokia because in their mobile phones there ... morehey..get some sleep.. NOKIA doesn't build phones anymore. LOL.. maybe you are referring to HMD.

  • Anonymous

People don't understand that this is NOKIA. The old Nokia that made phones now does network and technologies stuff so the results are only for what NOKIA does. This has ABSOLUTELY nothing to do with HMD (who make Nokia phones), they have a wholly different section about their profits and nothing to do with Nokia.

  • Anonymous

Homer-Simpson, 26 Jul 2018This happens to Nokia because in their mobile phones there ... moreThis Q2 result from the Nokia which focuses on networks has nothing to do with those Chinese Nokia-branded phones from HMD Global.

  • KMB877

Sales only 4.7 billions? Not so much considering Chinese network manufacturers are banned to sale on the North American market.
I'm wondering how much is Nokia's overhead, considering their plan to cut 1.2 billions from expenditures. Nokia was always know for huge overhead, but 1.2 billion is about 25% from sales...

  • KMB877

Homer-Simpson, 26 Jul 2018This happens to Nokia because in their mobile phones there ... moreI'm so sorry to disappoint you, but Nokia does not make cellphones.

  • KMB877

The objective Guy, 26 Jul 2018But I believe Nokia and HMD have a licensing agreement, so ... moreYes, Nokia gets royalties for any cellphone sold with "Nokia" logo.

  • The objective Guy

Stan, 26 Jul 2018This is the original Nokia, while you're thinking of HMD Gl... moreBut I believe Nokia and HMD have a licensing agreement, so they actually make money for every Nokia branded device HMD sells.

  • Stan

Understandable, 26 Jul 2018What do you expect. Nokia announced 8 new phones if I'm not... moreThis is the original Nokia, while you're thinking of HMD Global.
Two completely different companies.

  • Understandable

What do you expect. Nokia announced 8 new phones if I'm not mistaken in 2018 and they have yet to make them globally available. You can mot keep spending money on RnD, design and marketing and failing to deliver a device for 3-5 months after announcing it, by the time they actually get around to making their phones available on the global market they will be old news and replaced with a new device that's more trendy atm. Nokia should only announce devices after they are capable of delivering it to tje hand of the end user. Otherwise it's pointless.

  • Anonymous

Walter C. Dornez, 26 Jul 2018Hopefully the Nokia 9 will be worth the 1000, that could he... moreIt will improve revenue for HMD not nokia though...

This happens to Nokia because in their mobile phones there is not any innovation, there is nothing that is very different from companies like Xiaomi, Oppo, Huawei ... that in addition to having better products than Nokia, they are much cheaper in some cases. Only Carl Zeiss lenses contribute because the hardware in some cases like the Sirocco arrive with an old 835 SD with a very high phone price when in other brands that model would be much cheaper. In the latest designs Nokia has clearly copied the design of the iPhone X adding the notch instead of making own and breakthrough designs as when Nokia wore Symbian or Microsoft, but this is nothing. Neither Nokia has launched any aggressive advertising campaign to sell their phones well, and it is for example that there are hardly any Nokia phones in stores and in the street I do not see anyone with a Nokia. I only see Huawei, Samsung, iPhone, Xiaomi ... some Motorolas and LG .... but no Nokia. This is the problem that Nokia has: It has not presented ANYTHING that differs from the others, and the results are these. I'm sorry but the NOKIA that I met on Symbian (mostly) has died and has NOT RISEN, is still dead.

Hopefully the Nokia 9 will be worth the 1000, that could help revenue by a lot