Nokia has released its Q3 2013 results, reporting an operating profit of €118 million (up from a loss of €564 million in Q3 2012), with net sales of €5.6662 billion (down 22% year-on-year). Nokia's Devices and Services division's operating loss was €86 million. The margin in Devices and Services was -3% (up from from -18.9% in Q3 2012). Total smartphone device sales were 8.8 million (all Lumia), up from 7.4 million in Q2, while mobile phone volumes were 55.8 million, up from 53.7 million in Q2, but down 27% year-on-year.
Recent News - General - Page 10
Do you remember I wrote recently about issues with the Xenon flash on the Lumia 1020, caused by the shutter speed being artificially slow? After doing some tests, I've noticed that the new Nokia Camera (rolling in Nokia Pro Camera and Nokia Smart Cam) is more intelligent with shutter speed when taking typical indoor/party/event shots, with photos appearing crisper and with more natural colours. In tests, clarity and colours now match or exceed those from Xenon-lit shots on the Nokia 808, previously the gold standard here.
On October 22nd, in Abu Dhabi, Nokia is holding Nokia World, where it is expected to announce a number of new devices and accessories in a variety of form factors. The event kicks off at 08:00 BST (07:00 GMT). We'll be updating this story with our on-the-scene live coverage at the event takes place. You can also watch a live stream of the press conference event via Nokia Conversations.
The latest set of Kantar Worldpanel data, released today, shows that Windows Phone's share of smartphone sales continues to grow in Europe, but is stagnant in the US and China. In the three months to the end of August 2013, Windows Phone devices made up 9.2% of smartphone sales by unit volumes in the EU5 (Germany, UK, France, Italy, and Spain), but only 3% in the USA and 2.1% in China.
Nokia yesterday published additional material about its proposed transaction with Microsoft that will see the sale of its Devices & Services business and a major patent licensing agreement. The information is intended to give shareholders more information ahead of the proposed 19th November EGM (Extraordinary General Meeting) at which shareholders will be asked to follow the board's recommendation and vote to approve the proposed transaction with Microsoft.
Microsoft and Nokia today announced that they had signed an agreement whereby Nokia will sell its Devices & Services business and license its patents to Microsoft for €5.4 billion. The transaction is expected to close in Q1 2014, subject to shareholder and regulatory approval.
The move will be seen as a key part of Microsoft's future devices and service strategy and was, perhaps, inevitable given its reliance on Nokia for Windows Phone devices, especially after rumours about such a transaction were floated earlier this summer. It will shake up both the Windows Phone ecosystem and the mobile industry more generally, drawing clear lines between major technology players, but also leaving questions about the business sustainability of smaller players.
The transaction will close the mobile phone chapter in Nokia's 150 year old history and reshapes a company that remains one of Europe's leading technology brands.
App Highlights, which is pre-loaded on most Lumia devices, has served as Nokia's primary app promotion and recommendation channel, and is an important part of the company's app strategy. From today, it will be replaced, on Windows Phone 8 devices, by the App Social service and app. App Social, which was previously available through Nokia Beta Labs under the name App Highlights Social, adds a social and community element to the existing App Highlights concept, including the ability to curate your own list of app recommendations.
Nokia has released its Q2 2013 results, reporting an operating loss of €115 million (up from a loss of €824 million in Q2 2012), with net sales of €5.695 billion (down 24% year-on-year). Nokia's Devices and Services division's operating loss was €33 million. The margin in Devices and Services was -1.2% (up from from -11.8% in Q2 2012). Total smartphone device sales were 7.4 million (all Lumia), up from 6.1 million in Q1, while mobile phone volumes were 53.7 million, down from 55.8 million in Q1, and down 27% year-on-year.
Nokia has announced a forthcoming update to its public transport-focused HERE Transit app. The updated version, which will be available later this week, brings a refreshed user interface design, with a cleaner main panorama and reworked iconography. In addition, the new version will expand the number of markets in which the app is available for non-Nokia Windows Phone devices.
At an event in New Delhi, Nokia unveiled the Asha 501, the first of its next generation of Asha smartphones, powered by the new Nokia Asha platform. Priced at £63 ($99 / €75) before taxes and subsidies, the device is intended to provide a low cost smartphone option in Nokia's product portfolio, positioned between the Lumia range of Windows Phone devices and the Series 40 range of feature phone devices.