News Nokia reports massive drop in profits

http://www.bit-tech.net/news/bits/2009/04/17/nokia-reports-massive-drop-in-profits/1

Nokia has reported a massive 90 percent drop in profits in the first financial quarter of 2009, with the slowing global economy continuing to bite.

 

Or... you could release more than (oh I dunno) one new proper handset in the last 12 months.

 

What do you mean? There have been atleast 4 good ones in the last 12 month plus a couple of great mid range handsets. The 5800 "Tube" was a great success but in an economical crisis people just dont buy 600€ phones.
I would like to see how the other big companys in the market are doing in comparistment (sp?)

 

Or... you could release just one perfectly working version every 12 months

 

How do their profits compare to samsung and sony then? If the market share is the same, you'd expect the other big two to be down as well.

 

I think Nokia has some issues, if I look at our company very few new people buy Nokia's, it is mostly Samsung. Somehow people see Nokia for the older Directors and the young crowd snuff at Nokia.

I think they need brand repositioning!

 

i know Nokia from the N series multi-functioning phones and their cheap yet unbreakable phones.

on the cheap end, the drop is probably due to people holding on to their handset and now wanting to change.

on the multi-functioning phones, although their spec are great, the operating system sucks. they really can't compete with the iPhone in terms of multi-functions.

 

you could say that apple flipped it over and hit its weak spot for massive damage.

that is, if multi-function means only ever doing one thing at a time

 

@fod

Yeah, Nokia's S60 phones have real multitasking, an alt-tab equivalent and copy+paste, which most people don't know about because Nokia don't advertise them or mention them in the manual...

 

"on the multi-functioning phones, although their spec are great, the operating system sucks. they really can't compete with the iPhone in terms of multi-functions."

Funny thing is I have a Nokia E71 and think the exact same thing about the iPhone. Sure its a pretty looking interface but its missing so much, no multi tasking, no multimedia messages, bluetooth so restricted it reminds me of a phone I had 10 years ago (where's my A2DP and tethering to a PC). Different horses for different courses but I prefer my phones to be able to run whatever I like without having to get Apples approval and I want my programs to be allowed full access to the hardware to.

 

Nokia really lost their way about 1.5yrs ago.

They started releasing phones which a) all looked identical b) had the most stupid obscure buttons you could ever imagine which were unusable. c) the OS had not really changed at all... my previous Nokia e65 phone's OS was identical to their latest models.

I remember when I bought my samsung instead of the nokia's on offer. (Wish I hadnt now because it really is a piece of sh**) but I compared it with the best Nokia at the time... The N78 I think it was called. The Nokia's keypad was unusable ... small long bars for buttons .. what use was that ? The only other Nokia they had which was half decent was the N95b, and it was a brick. Looked like one, and weighed like one. No thanks.

I went for the Samsung which had a 5MP camera and touch screen section (turns out that the camera is useless in the real world), and a decent OS (turns out that the OS is so non configurable and restrictive that it annoys the hell out of me).

In summary, they just didnt innovate that well and hardly put out many decent phones. Plenty of us were sucked into the much better looking Samsung ranges at the time. (A decision Ive regretted ever since).

I wish I could say that my next phone would be a Nokia as well, but both me and the wife will be getting iPhones this summer, so its a mute point now. One thing is for certain.. I will never own a Samsung phone again.

 

correct, surely it means thousands of apps that cater to whatever you have in mind. (including bluetooth file transfer, tethering, copy and paste on jailbroken iphones)

i got to say, all your comments about none-jailbroken iphones are correct, it'sa piece of junk. i'd much prefer an Andriod phone over it. but once jailbroken, it's free and does almost all Mac OSX can do. (including having a terminal and multiple background apps)

 

How ? Here in UAE people still buy nokia with crazy numbers, Change their phone .. And All nokia here is MADE IN CHINA now.... so they are cheaper to make from Finland ones.

I agree that people buy less now but not like 90 percent drop.. Impossible

 

Ok ok, some actual Nokia facts:

1) They have only released two phones in the last 12 months that had any kind of major impact (in the UK at least): the N96 and the 5800 Xpressmusic.
2) They are being raped on all sides by the competition: Apple, Rim, Samsung (especially Samsung), Sony Ericsson and even LG are biting into Nokia's market share.
3) They're just not the fashionable brand they once were.

Unfortunately for Nokia, they just don't have a particularly strong angle into the market, which is why Samsung are now bigger in the UK than Nokia are.

 

well yeah, jailbroken, they're awesome bits of kit. however, the number of users with jailbroken devices will surely be less than 1%; so all any criticism about the iphone has to refer to the device as it is used by the vast majority of owners. OS 3.0 will go some way to remedying the situation, and the next iphone will probably be my next phone (i have an n95 8gb and an ipod touch right now and would love to consolidate the two; weighed up i am happy to live with the limitations of the OS, assuming a jailbreak is released), but you have to consider a jailbroken iphone as a seperate device entirely.

 

I also think that part of the problem from a UK standpoint is the steady move over to 18 and 24 month contracts rather than the 12 month standard they used to be. All meaning that people are not changing their phones as often now.

 

that's true. and it's why i push jailbreak in almost all my iphone related posts. there's no reason not to!

also, iPhone OS 3.0 is said to be already jailbroken on existing devices. because the exploit are hardware based code insertion. so personally i'll wait until June 2009's rumoured new iphone to be jailbroken then buy it until then, i'll keep my jailbroken iPhone with OS 3.0.

 

it's not OS 3 i'm worried about - it's the next iphone. the ipod touch 2g was jailbroken a long time ago but the actual code was held back in the hope that the hardware vuln would go unfixed in the next iphone release. some guy got hold of it and started selling it, which made the dev team decide to release it to stop the idiot from making any money off their work. HOPEFULLY the iphone 3G hardware design was locked in before this, but you never know. here's hoping!

 

The last Nokia i had, a N73 was terrible. it sometimes took 10 seconds to get into a message in my inbox. It was always slow and lagging and the camara decided itself wether it wanted to save the picture i took or not. its the same story with my dads nokia.

I now have a samsung, which is good, not great but is fast and works.
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MERCEDES-BENZ M113 ENGINE

 

I wonder if Nokia's purchase of Symbian last year is having an adverse effect on their profits: "[t]otal cash outlay for the move will run Nokia roughly €264 million -- about $410 million". Though, a drop in profits is indicative of the market in general.