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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StatCounter’s iOS Web Traffic Measurement Shows Apple’s Asia Appeal May Be Waning
Apple's iPhone could be facing a downturn in overall consumer interest in key markets including Singapore and Hong Kong, according to a report from Reuters based on StatCounter traffic figures from this past weekend. StatCounter found that across 3 million websites for which it monitors traffic, Apple's share of mobile devices represented in the overall mix in Singapore dropped from 72 percent in January last year to 50 percent this month, with Android climbing from 20 percent to 43 percent in the same time frame.
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Apple’s $160K Copyright Fine In China Is A Pittance, But Could It Open The Door For Further Claims?
China is not exactly known for having a watertight regime when it comes to piracy and copyright violations, but it’s trying to change that perception, and here’s a case in point: a group of eight authors, calling themselves the China Written Works Copyright Society, has won a case against Apple in Beijing for hosting apps that were in themselves violating the copyright on their works. Apple has in turn been ordered to pay 1 million yuan ($160,000) in compensation – pennies to the iPhone giant and only about 10% of how much the authors were trying to get out of Apple when they originally brought the case against it earlier in the year. The news comes at a interesting time for Apple in China. The region — the world’s biggest smartphone market at the moment — is a significant one for Apple, accounting for 15% of all of its revenues. But it’s also facing huge competition, primarily from low-priced Android device makers. In Q4, Apple reported sales of $5.7 billion in Greater ...
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