Thread: Nokia is the McDonalds of Phones
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Näky is offline Näky
2010-09-17 , 18:29
Posts: 4 | Thanked: 6 times | Joined on Sep 2010 @ Finland
#53
Originally Posted by etuoyo View Post
What it simply says is the more money a company has the more money it has for R&D. Obviously! A company that has $1bn in cash is in all probability not going to have the same R&D budget if all of a sudden it has only $50m in cash.
From nokia.com financials:
"Total cash and other liquid assets of EUR 9.5 billion at the end of Q2 2010."

No drops there.

I am shocked to hear that Nokia's profits dropped from $9bn to $300m in just two years. That is the most shocking profit drop I have ever heard and probably one of the greatest drops in history for any company.
Nokia still made profits. And it´s mobile phone division have made profits every single quater for over a decade.

Comparison to Motorola 2006->2008 net earnings dropped from $3.7 billion to $-4.2 billion. Thats real loss.
link to moto numbers
Last edited by Näky; 2010-09-17 at 18:32. Reason: error in link
 

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