Nokia Q1 2013 Misses With Sales Of $7.6B With $0.03 Loss Per Share; 5.6M Lumias Sold
Nokia has just reported is results for Q1 2013 with sales of $7.6 billion and a non-IFRS loss per share of $0.03 (and a reported EPS of $0.09) — a mixed result compared to analyst estimates, who had expected a loss per share of $0.05 on revenues of $8.65 billion (€6.6 billion). That estimated loss per share is effectively half of what it was a year ago, when Nokia posted a loss of $0.08 per share. Nokia’s operating loss was $196 million, and while that’s down into the red again compared the previous quarter, when it posted an operating profit of $557 million, it’s a very significant improvement on a year ago, when its operating loss was $1.7 billion. Similarly, operating margin for the quarter was negative 1.5%, a reversal on the 6.8% of last quarter, but much better than the negative 5.1% of a year ago. Analysts had also estimated that Nokia would report sales of 5.6 million Lumia devices for the quarter, and there Nokia was right on target, noting that the 5.6 million Lumias ...
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Samsung Expects 1Q2013 Earnings Of $7.7B, Up 53% Thanks To Smartphone Sales
Samsung said that it expects to post first quarter operating profit of about 8.7 trillion won ($7.7 billion USD), up 53 percent from the 5.7 trillion won operating profit it earned a year earlier. The South Korean tech giant also said that its sales likely rose to between 51 trillion won and 53 trillion won from 45.3 trillion won a year earlier. Sales of its more than 30 smartphones models helped increase shipments to a record high in the first quarter despite the post-holiday shopping slump that hit rival Apple. Five analysts cited by Reuters said that Samsung likely shipped 68 million to 70 million smartphones, up from 63 million in the fourth quarter of 2012. In comparison, iPhone shipments likely fell 30 percent to the 30 million range from 47.8 million in the fourth quarter, the analysts said. Earnings have grown on sales of the Galaxy S and Note series, but analyst Lee Sun-tae of NH Investment & Securities told Reuters that Samsung will probably begin to rely increasingly on mid-tier ...
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