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[TH] - Nokia Drops Out of Top 5 Smartphone Companies Rank

post #1 of 13
Thread Starter 
After the news that Nokia had an operating loss of $754 million during Q3 2012, now comes this:

Quote:
Samsung leads the Smartphone market with 56.3 million units, representing a 31.3 percent market share. Apple came in with 26.9 million (15.0 percent), followed by RIM with 7.7 million (4.3 percent). ZTE and HTC complete the top 5 with 7.5 and 7.3 million units. Nokia is no longer listed among the top 5.

Also interesting to note:
Quote:
Apple's 26.9 million iPhones also enabled the company to now be listed as the world's third largest cellphone maker.

Source.


A lot concerning Nokia's management and future depends on how their Windows Phone 8 smartphones sell.
Edited by tpi2007 - 10/27/12 at 1:19am
 
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post #2 of 13
How do you make up a billion dollar loss as a company?
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post #3 of 13
Quote:
Originally Posted by Twinnuke View Post

How do you make up a billion dollar loss as a company?

Um you don't man... that said a big company like Nokia relies more on the confidence of their shareholders rather than raw quarterly profit. Hope they can get out of this hole soon, I love Nokia phones. For 7 years I've always had a Nokia phone.
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post #4 of 13
Thread Starter 
Quote:
Originally Posted by Twinnuke View Post

How do you make up a billion dollar loss as a company?

It's almost 2 billion, 1.98 billion, to be exact, according to the first article I linked to:
Quote:
Lastly, Nokia reports cash reserves of $4.66 billion, which doesn't compare particularly favorably to the $6.64 billion the company had in its pockets at the same point of last year.

I also like Nokia phones, I've had a few Nokia phones since the year 2000, with the 3210 as the first and the N95 as the last, which is the one I'm still using. I think partnering with Microsoft was a tragic mistake, they should have diversified their portfolio, invested in Symbian to modernize the platform and in Android.
Edited by tpi2007 - 10/27/12 at 4:27am
 
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post #5 of 13
Quote:
Originally Posted by tpi2007 View Post

I think partnering with Microsoft was a tragic mistake, they should have diversified their portfolio, invested in Symbian to modernize the platform and in Android.

I don't think so. Windows Phone is a powerful OS, Symbian needed to go since making it a true modern OS would have needed an important redesign and Android would have been too mainstream.

The Lumia's are pretty unique phones.
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post #6 of 13
I've only used Nokia phones up until my Samsung Epix. Two weeks ago I was at an AT&T store to trim my plan and see a friend who works there. I didn't find the Lumia all that impressive.

I hope Nokia wakes up and gets a good Android platform going. frown.gif


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post #7 of 13
Quote:
Originally Posted by Twinnuke View Post

How do you make up a billion dollar loss as a company?

FUD
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post #8 of 13
Quote:
Originally Posted by adridu59 View Post

I don't think so. Windows Phone is a powerful OS, Symbian needed to go since making it a true modern OS would have needed an important redesign and Android would have been too mainstream.
The Lumia's are pretty unique phones.

Have you even used the latest iteration of Symbian (i.e. Nokia Belle)?

What I fail to understand is why Nokia worked on it and made it the great OS it is today and just abandoned it now...just like it abandoned Meego...
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post #9 of 13
Quote:
Originally Posted by adridu59 View Post

Android would have been too mainstream.
The Lumia's are pretty unique phones.

so mainstream it might have actually lead to stable or increased sales
post #10 of 13
It's their own fault. This is what happens when you continually make bad decisions.
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