Friday, October 19, 2012

Nokia posts another loss, pins hope on new Lumia sales

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Nokia according another quarterly loss and dwindling money reserves on weekday, however results were higher than expected previous next month's launch of recent smartphones it hopes will get back market share from Apple and Samsung.

The company's third-quarter underlying loss before natural event things was zero.07 euros per share compared to a profit of zero.03 euros a year earlier. Analysts had forecast a loss of zero.11 euros during a Reuters poll.

Nokia's internet money position fell to three.6 billion euros by the top of the quarter from four.2 billion in June however still came in previous market forecasts of three.4 billion euros.

Once the world's biggest itinerant maker, Nokia has fallen behind rivals in smartphones, and its partnership with computer code big Microsoft has however to challenge the dominance of Apple's iPhones or Samsung's Galaxy models.

The Finnish cluster is currently promise its hopes on new, top-of-the-range Lumia 820 and 920 phones, that use Microsoft's latest Windows eight computer code and area unit owing to hit stores in Nov.

Some analysts were cautious despite the stronger-than-expected numbers, voice communication a lot of relied on sales of the new Lumias.

"Lofty market expectations for this autumn ignore the fact that new product can ship halfway through the quarter into associate overpoweringly competitive and full market," aforementioned Geoff Blaber, analyst at CCS Insight.
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