SI
SI
discoversearch

 Technology Stocks | Nokia Corp. (NOK)


Previous 10 | Next 10 
From: zax1/23/2012 5:55:39 PM
   of 9149
 
Monday, January 23, 2012
Nokia Off to Great Start, Has Already Sold Millions of Windows Phone Handsets

winsupersite.com 

A Bloomberg survey of over 22 analysts suggests that Nokia's late 2011 entry into the Windows Phone market is a success: The Finnish company sold as many as 2 million handsets between November and December 2011 alone, despite sales being limited geographically mostly to Europe. And with Nokia's US phones just now hitting the market, the once-struggling mobile firm has apparently found its feet.

"The numbers look promising," a fund manager told Bloomberg. "If Nokia is able to have a strong launch and surpass at least 1 million [units sold] and keep that type of momentum, this would help put them in a credible position that is crucial to winning back investors."

According to the analysts polled by Bloomberg, Nokia sold at least 1 million Windows Phone handsets, mostly in Europe, in November and December 2011, and as many as 2 million units. Only one of the analysts believed the figure to be below 1 million units, and the average figure was 1.3 million. Analysts say that sales of just half a million would have been acceptable given the newness of the designs and the short time in market. But all agreed that Nokia had smashed past that milestone easily.

What's particularly amazing about these numbers is that Nokia only offered two handsets in late 2011, the Lumia 800 and 710, and neither was considered a "gotta-have-it" device. But Nokia's first Windows Phone-based "hero" phone, the Lumia 900, goes on sale in the US on AT&T Wireless on March 18. This phone has gotten the attention of analysts and potential customers alike and is clearly seen as a driver of new sales. And the surveyed analysts now expect Nokia to sell an average of 3.2 million Lumia handset in the current quarter. (Estimates range from 1.5 million to 6 million.)

Nokia hasn't provided any official numbers yet, but the company's stock has gained 15 percent since the start of the new year, after falling 52 percent throughout 2011.

Of course, Nokia's successes are relative. Apple could have sold as many as 30 million iPhones in the last quarter of 2011, a unit sales pace that would give it as much as a 5-to-1 lead over Nokia. But Apple benefited from a new product launch and of course Nokia's phones were only available in some regions.

Share Recommend | Keep | Reply | Mark as Last Read

From: slacker7111/24/2012 7:42:58 AM
   of 9149
 


ST-Ericsson suffers Nokia setback

ft.com 

By Maija Palmer
ST-Ericsson, which makes microchips used in mobile phones, warned of a “significant sequential decline” in sales in the first quarter of 2012, as sales decline at Nokia, one of its biggest customers.

The company, a joint venture between Sweden’s Ericsson, and STMicroelectronics, the Franco-Italian chipmaker, saw sales decline 28 per cent to $1.65bn in 2011 and its losses widen to $841m.

snip..................

Share Recommend | Keep | Reply | Mark as Last Read

From: Eric L1/24/2012 11:55:39 AM
1 Recommendation   of 9149
 
Nokia Q4 2011 and CY2011 Earnings

Nokia will publish its Q4 2011 and CY2011 annual results this week on Thurday January 26, 2012 at approximately 1:00 PM (CET+1) and before the opening bell in New York. The earnings presentation will take place ThursdAY at 8 AM EST.

>> Nokia Expected To Slide Further in Q4

AP (Helsinki)
CBS MoneyWatch
January 24, 2012

cbsnews.com 

Nokia Corp. is expected to report further falls in profits, revenue and market share on Thursday following another difficult quarter, but anticipates an improvement when its new Windows phones start selling worldwide later this year.

OVERVIEW: In the third quarter, the world's top cellphone maker by sales reported a smaller-than-expected net loss of euro68 million ($94 million), down from a profit of euro529 million a year earlier but up on the second quarter's euro368 million loss. Nokia continued to suffer against heavy competition in the smartphone market with a a 39 percent drop in sales that hit overall revenue by 13 percent to euro8.9 billion.

BY THE NUMBERS: Nomura International expects Nokia's sales to fall to euro9.8 billion in the fourth quarter, from euro12.6 billion a year earlier, and gross profit for the full year to fall to euro11.1 billion from euro12.8 billion a 2010. Nomura expects overall market share in the fourth quarter to drop to 23.7 percent from 31 percent a year earlier.

Strategy Analytics says Nokia sold 419 million devices in 2011, down from 453 million in 2010.

FIM Bank market research said Nokia's share in smartphones would drop two points to 13 percent in the fourth quarter while overall devices market share would remain at about 30 percent.

WHAT'S AHEAD: Nokia has been the leading handset maker since 1998 but after reaching its global goal of 40 percent market share in 2008, the Finnish company has been struggling against rivals making cheaper handsets in Asia. That sent Nokia's global share to below 30 percent last year.

Nokia has also been losing the race in the smartphone sector both in the low end market against Asian manufacturers like ZTE and in the high end against the iPhone and Samsung.

The company is hoping to partly remedy the slide with its new Windows Phone 7 launched in October, eight months after Nokia CEO Stephen Elop announced a partnership with Microsoft Corp. Analysts have said it could take a few quarters before Nokia's success can be measured.

Last year, the cellphone maker announced more than 10,000 layoffs in a move to reduce operating expenses by euro1 billion by 2013 and has not ruled out more cutbacks.

ANALYST TAKE: Neil Mawston from Strategy Analytics expects no major surprises. "Very much a continuation of previous quarters with smartphone pressure in the high end and pressure in the low end from Asian vendors," Mawston said. "Nokia is still easily the biggest cell phone maker but in smartphones it will probably take quite awhile for Nokia and Microsoft to get going with their Windows phone."

STOCK PERFORMANCE: Nokia's share price has fallen by half since Elop announced the Nokia deal with Microsoft in February. It dropped below euro4.00, partly due to downgrades this summer by Standard and Poor's and Moody's. Its stock has since rallied topping euro4.00 at the end of the year. It was down 7 percent at euro4.05 ($5.27) in afternoon trading in a depressed market on the Helsinki Stock Exchange. ###

- Eric -

Share Recommend | Keep | Reply | Mark as Last Read


From: slacker7111/26/2012 8:16:45 AM
1 Recommendation   of 9149
 

Nokia results presentation.

results.nokia.com 

Share Recommend | Keep | Reply | Mark as Last Read | Read Replies (1)

To: slacker711 who wrote (6912)1/26/2012 2:09:56 PM
From: Eric L
2 Recommendations   of 9149
 
The Nokia Quarter and Nokia Year That Was ...

"Nokia is in the middle of a major transition period and bearing that in mind, it’s fourth-quarter results were respectable. It’s a really tough market when you have vendors like Apple and Samsung almost running away with it. Nokia has got tough quarters ahead of it but it is moving in the right direction." - Pete Cunningham, Canalys -

"Although many of the indicators were downward or negative, the impression is that Nokia is weathering the storm relatively well in the light of the massive changes - including its partnership with Microsoft and the phasing out of the aging Symbian platform - that it embarked upon in 2011." - Helsingen Sanomat -

Those quotes sum up today's results rather well I feel.

I have only scanned the earnings statements and have yet to comb them for detail. As an investor who holds the company's stock long after an August reentry it's more enjoyable to do so when there has been an upside surprise. Today, however, the quarter's and year's final results came in pretty much as anticipated but slightly better than consensus, and as a consequence NOK1V shares closed today on the Helsinki exchange slightly up (+€0.11, +2.7%) at €4.16 on volume of close to 100 million shares and comfortably off its 52 week and 13 year low of €3.33. As today's numbers are more fully digested it will be interesting to see the days close on NYSE and the week's closes tomorrow afternoon in both Helsinki and New York.

From my perspective the good news is that very large write downs have been made, restructuring is preceding, and the deck has been cleared of debris, setting the stage for a gradual recovery over the course of this year, and ideally at this time next year we will see Nokia well positioned headed into 2013 in both feature phones and smartphones, and very possibly as a new entrant in the Tablet MID game.

In CY/FY 2011:

• Nokia Net Sales were €38.659 Billion ($51.555 Billion USD)
• Nokia generated €1.137 Billion ($1.516 Billion USD) net cash from operating activities.
• Net Sales of Nokia Devices and Services were €23 943 ($31.930 Billion USD).
• Mobile mobile device volume was an industry leading 417.1 million units.

At year end Nokia held net cash and other liquid assets of €5.581 ($7.443 Billion USD).

Nokia's reported Q4 2011 figures displayed a whopping headline operating loss of €954 million against profit of €884 million in 2010 but this loss included a substantial €1,090 write-down on impairment of goodwill in the Location & Commerce unit (NAVTEQ and Nokia's social location services operations) which was moved out of Nokia's Devices & Services.

Non-IFRS operating profit was €478 million ($637 million USD) down 56% YoY but up 90% QoQ, with Devices and Services non-IFRS profit at €292 million ($389 million USD) and margins at 4.9%. In Q4 2011 the non-IFRS results exclude a total of €1.432 billion of charges including the €1.090 billion charges related to the partial impairment of goodwill in Location & Commerce but also include a number of restructuring charges (€100 million in Devices & Services, €25 million in Location and Commerce) and a variety of charges related to acquisitions and similar (e.g. €24 million because of Accenture deal).

In his opening remarks today Stephen Elop pointed out that:

"In October, just six months after signing an agreement with Microsoft, we introduced our first two devices based on the Windows Phones platform – the Nokia Lumia 800 and the Nokia Lumia 710. We brought the new devices to market ahead of schedule, demonstrating that we are changing the clock speed of Nokia. To date, we have introduced Lumia to consumers in Europe, Hong Kong, India, Russia, Singapore, South Korea and Taiwan. We have also started our important re-entry into the North American market. Earlier this month, T-Mobile started selling the Nokia Lumia 710 as a lead device. We also announced the new Nokia Lumia 900 with AT&T, and immediately received a number of industry awards. The Nokia Lumia 900 is our third Lumia device, our first LTE device designed specifically for the North American market, and AT&T is positioning the Lumia 900 as a lead LTE device. In the war of ecosystems, clearly there are some strong contenders already on the field. And with Lumia, we have demonstrated that we belong on the field. Our specific intent has been to establish a beachhead in this war of ecosystems, and country by country that is what we are now accomplishing. To date we have sold well over 1 million Lumia devices. From this beachhead of more than 1 million Lumia devices, you will see us push forward with the sales, marketing and successive product introductions necessary to be successful. We also plan to bring the Lumia series to additional markets including China and Latin America in the first half of 2012."

Looking forward, Nokia expects its non-IFRS Devices and Services operating margin in Q1 2012 to be around break even ±2%, indicating that Nokia is facing another tough quarter even as it continues the roll out of new products which will be offset by the impact of lower than expected short and long term Symbian sales.

As anticipated Nokia's board proposed 45-year young Finnish entrepreneur and founder of software security company F-Secure Risto Siilasmaa who has been a Nokia board member since 2008 as its new chairman to replace long-time leader Jorma Ollila, who is due to step down in May.

In much deserved fashion Marko Ahtisaari has been promoted from SVP to EVP, Design, and appointed to the Nokia Leadership Team reporting directly to President and CEO Stephen Elop, effective February 1, 2012.

Nokia also announced that its Board of Directors will convene the Annual General Meeting on May 3, 2012 and that they will submit a proposals to to pay shareholders an annual dividend of €0.20 per share for the fiscal year 2011. The ex-dividend date would be May 4, 2012, the record date May 8, 2012 and the payment date on or about May 23, 2012.

Stephen Elop continues to impress me. He and Timo Ihamuotila do a fine job of handlig the earnings CC's. There were some very good questions posed to them today and I felt they both did a very good job of responding. The transcript is now available:

>> Nokia Corporation CEO Discusses Q4 2011 Results - Earnings Call Transcript

Seeking Alpha
January 26, 2012 8:00 AM ET

seekingalpha.com 

Q&A:

seekingalpha.com 

The Earnings Press Release (Repeated)

results.nokia.com 

###

- Eric -

Share Recommend | Keep | Reply | Mark as Last Read

From: Eric L1/29/2012 1:21:26 PM
3 Recommendations   of 9149
 
The 2011 Share Game (Prelimanary Rounds) ...

Despite the fact that not all major players have reported -- LG and ZTE have not yet -- the major 3rd party research agencies are rushing to provide their preliminary estimates or perhaps more properly, guesstimates, for unit volumes and unit share for Q4 2011 and CY 2011 for both total handsets and the smartphone segment of mobile device subscriber equipment. Strategy Analytics was first in.

Strategy Analytics Press Release Links:

• Strategy Analytics: Global Handset Shipments Reach 1.6 Billion Units in 2011

tinyurl.com 

• Apple Becomes World's Largest Smartphone Vendor in Q4 2011

tinyurl.com 

• Android Captures Record 39 Percent Share of Global Tablet Shipments in Q4 2011

tinyurl.com 

The devil is always in the details and press releases are the teaser that invite institutions to subscribe the research agency's paid services and/or purchase their reports.

Third Party Estimates or Guesstimates?

To their credit Nokia who is considerably more focused on mobile wireless devices and mobile wireless infrastructure than most of their competitors provides their individual and institutional investors with a substantial amount of transparency and granularity in their reporting to stock exchanges, regulators, individual and institutional investors. That fact does not apply across the board. There is a general trend amongst industry players towards providing increasingly less transparency and granularity and no doubt the increase in patent battles is one of the primary motivations for doing so. In addition the distinctions between high end feature phones and smartphones and tablet MIDs and hybrid tablet/smartphones, have become increasingly blurred. All this makes providing apples to apples (no pun intended) comparisons of one player to another increasingly difficult.

It is clear that in terms of unit volumes of mobile devices ('handsets' more specifically) Nokia, while undergoing a serious challenge from the Telecoms division of the Samsung Electronics conglomerate who vows they will overtake Nokia in 2012, was the undisputed market leader yet once again in both the quarter recently completed and the 2011 calendar year. In unit volume terms Apple and ZTE were bigger gainers than Samsung. LGE, Rotomola (Googlmola) and Sony Ericsson (soon to be Sony) continued their share declines and RIM also went south.

Global Handset Sell-In Volume and Market Share (Strategy Analytics)

Strategy Analytics saw the global handset sell-in volume and market share game playing out this way although they don't break out volume and share for RIM, LGE, or ZTE ...

             Q4'10    Q4'10   CY 2010  CY 2010 ¦  Q4'11    Q4'11   CY 2011  CY 2011
Units Share Units Share ¦ Units Share Units Share
======= ======= ======= ======= ¦ ======= ======= ======= =======
1. Nokia 123.7m 30.9% 453.0m 33.3% ¦ 113.5m 25.5% 417.1m 26.9%
2. Samsung 80.7m 20.2% 280.2m 20.6% ¦ 95.0m 21.3% 327.4m 21.1%
Apple 16.2m 4.0% 47.5m 3.5% ¦ 37.0m 8.3% 93.0m 6.0%
Others 179.5m 44.9% 579.3m 42.6% ¦ 199.5m 44.8% 713.9m 46.0%
------ ------ ------- ------ ¦ ------ ------ ------- ------
Total 400.1m 100.0% 1360.0m 100.0% ¦ 445.0m 100.0% 1551.4m 100.0%
===================================================================================
YoY Growth +16.2% +16.3% +11.2% +14.1%
===================================================================================

Global Smartphone Branded OEM Sell-In Volume and Market Share (Strategy Analytics)

Here guestimates are really in play for Samsung. {See my post that followa]

In the important smartphones segment of mobile devices in unit terms Nokia slipped from industry leadershipp in CY 2011 to the 3 slot in unit volume with either Apple or Samsung (it is unclear which) taking over the 1 slot and the other nipping at their heels.

             Q4'10    Q4'10   CY 2010  CY 2010 ¦  Q4'11    Q4'11   CY 2011  CY 2011
Units Share Units Share ¦ Units Share Units Share
======= ======= ======= ======= ¦ ======= ======= ======= =======
1. Samsung 28.3m 10.6% 100.1m 8.0% ¦ 36.5m 23.5% 97.4m 19.9%
2. Apple 16.2m 16.1% 47.5m 15.9% ¦ 37.0m 23.9% 93.0m 19.0%
3. Nokia 16.2m 28.1% 47.5m 33.4% ¦ 19.6m 12.6% 77.3m 15.8%
Others 45.6m 45.2% 128.0m 42.7% ¦ 39.9% 44.8% 220.8m 45.2%
------ ------ ------- ------ ¦ ------ ------ ------- ------
Total 100.7m 100.0% 299.5m 100.0% ¦ 155.0m 100.0% 488.5m 100.0%
===================================================================================
YoY Growth +86.8% +71.4% +53.9% +63.1%
Smartphone % 25.2% 22.0% 34.8% 31.5$
===================================================================================

On the Smartphones and MIDs board in a post titled "Samsung in Q4 and CY 2011: The Guessing Game" I abstracted Samsung Electronics' Telecoms Division year quarter by quarter in some detail ...

Message 27913292

In a future post I'll attempt to contrast Nokia's year in mobile wireless to Samsung's and Apple's.

- Eric -

Share Recommend | Keep | Reply | Mark as Last Read | Read Replies (1)


To: Eric L who wrote (6914)1/29/2012 3:08:29 PM
From: Eric L
2 Recommendations   of 9149
 
The SA Smartphone table in prior post is corrected as follows ...

Global Smartphone Branded OEM Sell-In Volume and Market Share (Strategy Analytics)

             Q4'10    Q4'10   CY 2010  CY 2010 ¦  Q4'11    Q4'11   CY 2011  CY 2011
Units Share Units Share ¦ Units Share Units Share
======= ======= ======= ======= ¦ ======= ======= ======= =======
1. Samsung 10.7m 10.6% 23.9m 8.0% ¦ 36.5m 23.5% 97.4m 19.9%
2. Apple 16.2m 16.1% 47.5m 15.9% ¦ 37.0m 23.9% 93.0m 19.0%
3. Nokia 28.3m 28.1% 100.1m 33.4% ¦ 19.6m 12.6% 77.3m 15.8%
Others 45.6m 45.2% 128.0m 42.7% ¦ 39.9% 44.8% 220.8m 45.2%
------ ------ ------- ------ ¦ ------ ------ ------- ------
Total 100.7m 100.0% 299.5m 100.0% ¦ 155.0m 100.0% 488.5m 100.0%
===================================================================================
YoY Growth +86.8% +71.4% +53.9% +63.1%
Smartphone % 25.2% 22.0% 34.8% 31.5$
===================================================================================

- Eric -

Share Recommend | Keep | Reply | Mark as Last Read

To: elmatador who wrote (6908)1/31/2012 11:20:46 AM
From: Eric L
1 Recommendation   of 9149
 
NSN Job Cuts in Finland & Germany

<< The protected and highly unionized Munich and Finland has not been affected by job cuts so far. Only the periphery has taken the brunt of it. Now time to talk with the unions and get rid of the dead wood. >>

>> Nokia Siemens to cut 2,900 jobs in Germany & 1,200 in Finland

The Economic Times
Helsinki
31 Jan, 2012

tinyurl.com 

Finnish-German telecom equipment maker Nokia Siemens Networks (NSN) said on Tuesday a previously announced restructuring plan would entail 2,900 job cuts in Germany and 1,200 in Finland.

The company said it had begun talks with local representatives aimed at reducing the number of employees in eight European countries, as part of its November 23 announcement that it was slashing 17,000 jobs.

"The discussions concern 1,200 out of 6,900 employees in Finland and 2,900 out of 9,100 in Germany," a company spokesman told AFP, confirming that employee representatives had been informed of the proposed cuts on Tuesday.

NSN worker representatives were also due to receive official information of the staff restructuring in Belgium, Denmark, the Netherlands, Poland, Spain and Britain, the spokesman added.

In November, NSN, which had 74,000 employees worldwide, announced plans to reduce its global workforce by approximately 17,000 by the end of 2013, adding that its restructuring plan was aimed at cutting annual costs by one billion euros ($1.3 billion) compared to 2011 outlays.

"These planned reductions are regrettable but necessary, and it is our goal to make them in a fair and responsible way, providing the support we can to employees and communities," NSN chief executive Rajeev Suri said in a company statement when the cuts were first announced in November.

In Finland, NSN said in a statement that official negotiations were scheduled to begin on February 8, and that employee retraining, job re-assignment and entrepreneurship support programmes would be introduced to help cushion the blow of the planned retrenchments.

Analysts said all European vendors will have to make big cost cuts and look at consolidating to stay in business. "The cost of a Swedish, German or Finish engineer is an order of magnitude higher than a Chinese one, this makes the threat from a rampant competitor like Huawei a very daunting prospect," said Ben Wood, head of research at CCS Insight.

John Strand, founder of Danish mobile consultancy Strand Consult, agreed, adding: "This industry needs consolidation."

The 2,900 cuts in Germany equate to roughly every third Nokia Siemens' job in the country, causing uproar among unions. "We will fight with the employees against this job cull. Our target is to save as many jobs as possible with a collective labour agreement and to avoid the close-down of Munich plant," said union official Michael Leppel.

The Finnish economics ministry said the timing of job cuts was problematic as Nokia itself is in the midst cutting thousands of jobs. "For the Finnish economy the situation is challenging," it said in a statement.

The telecoms equipment industry saw a recovery in 2010-2011, but in late 2011 demand slumped again as operators put a lid on spending, hitting earnings of all top vendors, including Ericsson and Alcatel-Lucent.

Alcatel-Lucent, which is in the similar position to Nokia Siemens, has ruled out large job cuts. ###

- Eric -

Share Recommend | Keep | Reply | Mark as Last Read

From: Eric L2/1/2012 9:43:04 PM
1 Recommendation   of 9149
 
Jorma Ollila: The Tough Transition

"For a significant part of the year the transition will be seen in the results. ... Nokia will make it into the three, its completely obvious and the first signs are already there. None of the operating systems have taken off quickly. It will take time, as we have seen, and as was expected." - Jorma Ollila, Nokia COB

>> Nokia Revamp Will Hurt Most of 2012 Results: Chairman

Reuters (Helsinki)
2 Feb, 2012

tinyurl.com 

A major revamp at Nokia that includes a deal to use Microsoft Corp software in its smartphones will impact the earnings of the Finnish handset maker throughout most of this year, Chairman Jorma Ollila said on Wednesday.

"For a significant part of the year the transition will be seen in the results," Ollila told Finnish national broadcaster YLE.

Last week, when Nokia reported a 73 percent fall in fourth-quarter earnings, it said it was not able to give forecasts beyond the first quarter.

A year ago, the world's largest cellphone maker by volume unveiled a major strategy shift to Microsoft software for its smartphones in an attempt to challenge the Apple Inc iPhone and Google Inc's Android.

The sales of its new Windows Phones have so far failed to dent the dominance of Apple and Google, but Ollila said the situation would change and, as the Windows Phone is a completely new platform, the take-off will take time.

"Nokia will make it into the three, its completely obvious and the first signs are already there," he said. "None of the operating systems have taken off quickly. It will take time, as we have seen, and as was expected."

Nokia said last week it sold more than one million Windows Phones in over two months, with developers showing increasing interest. Apple sold 37 million iPhones last quarter.

"When looking at the bigger picture, it shows that three operating systems will dominate in the near future and each of them will have one strong manufacturer, with Nokia having a very good chance to be one of the three," Ollila said.

Long-time chief executive and chairman Ollila is scheduled to be replaced by Risto Siilasmaa at the annual shareholders meeting in May. ###

- Eric -

Share Recommend | Keep | Reply | Mark as Last Read


From: Eric L2/2/2012 9:35:58 AM
1 Recommendation   of 9149
 
Recommended Listening: Q4 & CY 2011 Nokia Results

Rafe Blandford and the All About Windows Phone (AAWP) foursome discuss Nokia's Q4 and CY 2011 as well as Lumia 900 availability, the 60k app Windows Marketplace milestone, and Nokia branding on Bing Maps. They also discuss the ZTE Tania, which was recently launched in the UK and finish as usual, with an app pick from each of the team.

>> AAWP Insight #12: Q4 results, ZTE Tania

All About Windows Phone
Thursday 26th January, 2012

• Discussion: Nokia's Q4 2011 results

• Discussion: Samsung and HTC's Q4 2011 results (in relation to smartphones and Windows Phone)

• In brief: Speculation on Lumia 900 availability and pricing

• In brief: 60,000 apps and the rate of submission

• In brief: Nokia Branding on Bing Maps?

• Discussion: ZTE Tania

• App Picks: Word Mix Free, WPodder, and Weave (review)

###

- Eric -

Share Recommend | Keep | Reply | Mark as Last Read
Previous 10 | Next 10 

Copyright © 1995-2014 Knight Sac Media. All rights reserved.Stock quotes are delayed at least 15 minutes - See Terms of Use.