Nokia suffers 40% drop in Q2 profits
 

http://www.engadget.com/2010/07/22/n...r-as-ceo-says/

Posted this in the CEO thread but people seemed to have lost interest in that thread. Nokia really needs to do something as it can't continue to lose ground like this. And does not seem simply selling a billion $1 phones is going to be what helps.

Re: Nokia suffers 40% drop in Q2 profits
 

Yes, we all read Engadget lol.

Re: Nokia suffers 40% drop in Q2 profits
 

I guess I will keep betting on the technology and not the company behind it.

But if Nokia does not perform that well then all things Nokia get dragged along and that will suck. In my opinion they just need to be clear with their purpose and stay focused. If MeeGo is now the brand they want to promote, fine, just don't turn 90º in the next couple of years and the community will grow around it bringing the benefits Nokia intended in the first place.

Re: Nokia suffers 40% drop in Q2 profits
 

Well Nokia didn't issue anything good after the N900. We'll see if N8 and N9 will change that.

Re: Nokia suffers 40% drop in Q2 profits
 

Silver lining in this cloud is smartphone marketshare which is up to 41%. Interestingly Apple is making a ton of profits but its marketshare is declining while Nokia and even hTc is rising. Nokia looks good long term. Heck of a staying power it has.

http://communities-dominate.blogs.co...are-again.html

Re: Nokia suffers 40% drop in Q2 profits
 

Their problem isn't the quantity of the units they're shipping. The problem is that Symbian often lags behind other offerings in terms of user experience. Symbian^4 does look like it'll be an improvement, and MeeGo too. But already that introduces uncertainty.

Part of the reason Apple's app store works so well is that developers are targeting one fairly consistent platform. Symbian across many, many devices isn't nearly so consistent, and its future on high-end devices (where apps make their money...) doesn't look so certain so certain.

Nokia need to trim down their line of handsets. I think they're slowly moving toward that, with their new numbering scheme. But they also need consistency. The N8 looks like a good handset, but it's Symbian^3, and Nokia have already stated that no other Nseries handset will run Symbian^3. So why would any app developer want to support it? And why support Symbian^4 if few Nseries phones will run that? Or will Nokia skip Symbian^4 and jump straight to MeeGo on the Nseries? Either way, how long will that take?

The core reason they're losing ground is because Nokia themselves come across as muddled and uncertain about their direction. If only they could pin themselves down... "Hey, we're releasing the N8 soon, running Symbian^3. The Ovi store is ready for you to develop apps, hey, here's the SDKs! We'll release the N9 next year, and it'll run Symbian^4. Your Symbian^3 apps will be backward compatible!"

I'm sure all this information is out there, but it's released piecemeal. One reason Apple's press goes so well is that they tell the press "Hey, on this date we're going to tell you what we're doing for the next six months".

At least they're still profiting. But for how long if they can't focus their game?

Re: Nokia suffers 40% drop in Q2 profits
 

I don't see this as unexpected. They made the choice of taking time out to redesign their bread and butter OS, Symbian, and only release their next new high end device once the software is perfect. They learnt their lesson from the N97 debacle.

Re: Nokia suffers 40% drop in Q2 profits
 

Mwahahahaha

Re: Nokia suffers 40% drop in Q2 profits
 

I remember when Apple needed 150 million from Microsoft to stay afloat and when I bought their stock, it was less than 12.50 USD. 10 years later, it's over 220.00 USD. Nokia is now hovering around 8.75 USD per stock... and it's historically been as high as 40.00 within recent times (4/5 years).

With that said, I feel as if they will get back there, but it's all long-term. All of their moves now will dictate that. This is just a lull. Apple had one and bounced back. Nokia can do the same.

Re: Nokia suffers 40% drop in Q2 profits
 

Before buying more NOK.. the question is... can you imagine them doing any 'worse' than they are right now?

Re: Nokia suffers 40% drop in Q2 profits
 

Interestingly enough, the stock went up today (9.21 right now), probably because the news was expected.

Re: Nokia suffers 40% drop in Q2 profits
 

If you were asking me... yes, I can see much worse. The transition of a possible new CEO that might cancel some of the foundation building that's going on right now would create another 2+ years of building something else or going in a possibly unpopular direction.

I'm honestly expecting the stock to hit about where some of the other European speculators have placed it, around 5 Euro before bouncing back. It dips that low, I'm investing based on that and what is forecasted by the company as a direction.

Bad thing... we're talking about a company that is selling millions upon millions of phones. Not a dead, not shipping anything type of company. I rag on Nokia constantly, but even I can value their patent portfolio as well as what they're putting down right now as their new foundation - MeeGo, Symbian, et al.

Re: Nokia suffers 40% drop in Q2 profits
 

Nokia would have bigger user appeal if they had more apps for their smartphones. Like it or not, apps now sell phones. That's the crazy sort of messed up world we live in.
So, why do Apple win here? They put a lot of time and money into a very comfortable dev environment with an SDK that works properly from beginning to end and all the resources in one simple place.
Android = Java. That's not changing much and Google are supporting their devs like crazy.
Nokia's SDK is a mess. The community places help and resources everywhere which is great for community devs but not for a commercial developer to spend the time (£) looking around for. Packaging things for Maemo seems to be a bit of a performance. And where's it all going? For the N900, not anywhere good. For the first MeeGo devices? Who knows as yet?
Confidence in Nokia should be highest in a forum like this (where the geeks and early-adopters live). Sadly, it is not a happy place most of the time. Problem is, confidence from the consumer brings confidence from the company. That brings confidence from the Markets. This problem is structural.

Re: Nokia suffers 40% drop in Q2 profits
 

Here's another perspective for 'apps':

Apps are bite-sized fixes and extensions to a platform. The more deficiencies that platform has, the more holes that apps can fill up; thus giving opportunities to more 3rd parties. These 3rd parties will most definitely actively market their goods AND said platform. Imagine how much additional marketing and buzz that those 3rd party can generate....

That's part of the wave that a good app market can generate.

Re: Nokia suffers 40% drop in Q2 profits
 

They really need to succeed with MeeGo to get back to the pole position, where they belong to be :p
Gonna get the N9 immediately when it comes out.

Re: Nokia suffers 40% drop in Q2 profits
 

engadget is bought by apple xD

Re: Nokia suffers 40% drop in Q2 profits
 

C-C-C-C-C-Combo Breaker!!

It was going rather well for a moment there, wasn't it?