Editor’s Note: Related tickers: Nokia Corporation (ADR) (NYSE:NOK), Google Inc (NASDAQ:GOOG), Apple Inc. (NASDAQ:AAPL), Microsoft Corporation (NASDAQ:MSFT), Research In Motion Ltd (NASDAQ:BBRY)
It has been said, by Moody’s Investors Services, that Nokia Corporation (ADR) (NYSE:NOK)’s second quarter earnings are credited to be negative therefore citing a continued drop in sales and income. Nokia is already on review for downgrade by the ratings agency which states that any downgrade will be limited to one notch. The agency said that it is more concerned in particular about the 227 million euro loss for Nokia Corporation (ADR) (NYSE:NOK) claiming the company is “burning through cash”. Once the world’s largest maker of mobile phones, the company is now struggling to stay in the competition.
Nokia’s turnaround hit by weak phone sales (ArabianBusiness)
A disappointing set of quarterly sales figures for Nokia Corporation (ADR) (NYSE:NOK)’s smartphones and basic models raised the pressure on its chief executive and took a bite out of the company’s share price. Investors are hoping that its Lumia smartphone range, which CEO Stephen Elop decided to base on Microsoft Corporation (NASDAQ:MSFT)‘s untested Windows Phone software in 2011, will help the company revive its ailing fortunes and close the yawning lead of frontrunners Samsung and Apple Inc. (NASDAQ:AAPL), but progress has been slower than analysts expected.
Nokia says something “BIG” is happening tomorrow. (MobileBurn)
Nokia Corporation (ADR) (NYSE:NOK) just had a major product announcement only a few days ago, but the Finnish phone maker is already teasing that something else will quickly follow it. The official Nokia blog just announced “Something BIG landing here tomorrow” but declined to say what. The company would only promise to reveal its secret beginning at 9 a.m. GMT, which is 4 a.m. ET / 1 a.m. PDT. So what does Nokia Corporation (ADR) (NYSE:NOK) have up its sleeves? It seems too early to have another major product announcement on the heels of the Lumia 1020 unveiling, so I doubt that it’s going to be anything spectacular in terms of hardware.
Does Nokia Have a Safety Net? (WallStCheatSheet)
The smartphone market is a tough one — as Research In Motion Ltd (NASDAQ:BBRY) well knows — and Nokia Corporation (ADR) (NYSE:NOK) is struggling for a position. The Finnish phone maker is trying to compete with Apple Inc. (NASDAQ:AAPL)’s iPhone and iOS and Google Inc (NASDAQ:GOOG)‘s Android, which dominate the market between each other. The company has been struggling, as it had an operating loss of 115 million euros, or about $151 million, in the second quarter of this year. The Guardian reported that at the same time, Nokia Corporation (ADR) (NYSE:NOK) saw its revenue fall to $7.49 billion, which is a 24 percent drop.
Nokia Glance coming to all Lumia phones (Pocket-Lint)
Nokia Corporation (ADR) (NYSE:NOK) has confirmed that it will be bringing its Glance feature, featured on the latest Nokia Lumia handsets (except the Lumia 520) to the entire Windows Phone 8 Lumia range. The Glance mode gives users a clock screensaver on their screen that saves you having to turn on the phone simply to check the time. Nokia Corporation (ADR) (NYSE:NOK) has previously told Pocket-lint that internal research shows that turning on and off the phone, merely to check the time is one of the biggest battery drainers on a day-to day-basis.
