All Posts Tagged With: "financial"
Nokia Sold 4.4 Million Lumia Devices in 4th Quarter, No More Symbian
Nokia just published their financial report for the fourth quarter of 2012. They sold 4.4 million Lumia devices over the quarter compared to 2.9 million in the previous quarter. Nokia also announced they will no longer be releasing a Symbian device.
Foxconn, Nokia’s Contract Phone Maker, Reports $226 Million Net Loss H1 2012
Foxconn International, the world’s biggest contract maker of cellphones reported a net loss of $226.07 million for the last 6 months. That’s much worse than analysts’ forecasts of $38 million net loss according to Reuters. Foxconn’s primary client is Nokia.
Nokia Execs Buy One Million Shares, Stock Price Goes Up
Nokia CEO Stephen Elop and several board members bought more than one million shares of company stock last week according to WSJ. The purchases underscore their commitment to Nokia and its future. Last week, the stock price was as low as $1.70. It’s up to $2.41 at the time of publishing this post.
4 Million Nokia Lumia Phones Shipped in Q2 2012
Nokia just published their second quarter financial results. The report is 35 pages long and you can read it directly here. 10.2 million smartphones were shipped. 4 million of that were Nokia Lumia devices. The remainder 6.2 million units were Symbian and Meego phones.
Nokia Stock Hits Yet Another 52-Week Low
Nokia’s stock price on Tuesday hit its lowest in the past year. Just before publishing this post, NOK was at $2.96. Stocks that are at or near their 52-week low may indicate a stock is under-valued. However, there is no guarantee that the stock will begin to trade higher. It could go even lower.
Nokia Stock Hits Another 52-Week Low
Nokia’s stock price on Friday hit its lowest in the past year. NOK went as low as $4.62. Stocks that are at or near their 52 week low may indicate a stock is under-valued. However, there is no guarantee that the stock will begin to trade higher. It could break down to an even lower level.
Nokia Strategy and Financial Briefing, Feb 11th 10AM GMT
If you’re interested to hear about Nokia’s Strategy and Financial Briefing, there will be a webcast live and on demand at nokia.com/press. It is scheduled for 10AM GMT (5AM EST). CEO Stephen Elop tweeted a couple of weeks ago that Nokia needs to change faster. We’ll hear more about it on the 11th.
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