Thread: Microsoft buying Nokia's devices & services
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Lumiaman
2013-09-03 , 20:42
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#80
Originally Posted by switch-hitter View Post
Have you looked at NOKIA's accounts for the relevant time period to see the cause?

For example if you look at NOKIA's accounts for 2009 and 2010 it was NSN and NAVTEQ that were making the losses.

NSN made an operating loss of EUR 1.64 billion in 2009 and EUR 636 million in 2010.
NAVTEQ made an operating loss of 344 million in 2009 and 225 million in 2010.

Devices and services on the other hand made an operating profit of EUR 3.3 billion in 2009 and the same again in 2010.

If I look up NOKIA's accounts for the previous years what will I find, Lumiaman? Are you just giving us cherry picked snippets you've found that happen to support your prejudiced position? My bet is that you are.
I am showing you a 10 year data for stocks, and you are telling me cherry picking????

What it shows is exactly the opposite of what you are saying. It shows that investors DID NOT HAVE FAITH in devices and services, no matter how much profit was made, because after 2007/2008, with iOS and Android marching on, investors fled to future platforms, not same old Symbian. Everyone knew that NOKIA lost the battle in 2007, and the stock slide shows nice association. Investors also didnt see a platform to replace it and it was on a steady decline, with some plateauing after Elop Lumias started showing some sign of life. Stop reading Tomi Ahooole crap blogs. He is partly the problem for pre-Elop NOKIA mess.