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Thursday, 20 October 2011 - Nokia smartphone recovery in focus after weak Q3 |
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      Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Green Business Legal Deals Earnings Summits Business Video Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia Afghan Journal Africa Journal India Insight Global News Journal Pakistan: Now or Never? World Video Politics Politics Home Front Row Washington Politics Video Technology Technology Home MediaFile Science Tech Video Opinion Opinion Home Chrystia Freeland Felix Salmon Jack Shafer Breakingviews David Rohde Bernd Debusmann Gregg Easterbrook Nader Mousavizadeh James Saft David Cay Johnston Edward Hadas Christopher Whalen Ian Bremmer Mohamed El-Erian Lawrence Summers The Great Debate Unstructured Finance Newsmaker Money Money Home Analyst Research Global Investing MuniLand Reuters Money John Wasik Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Life & Culture Health Sports Arts Faithworld Business Traveler Left Field Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read Space taxi delays spur Bigelow Aerospace layoffs 19 Oct 2011 CANADA STOCKS-TSX may open lower after Apple miss, EU plan eyed 19 Oct 2011 Discussed 241 Who’s behind the Wall St. protests? 118 Strike shuts down Greece before austerity vote 97 Obama jobs roadshow seeks to tap anti-Wall St anger Watched Japanese airline, ANA, apologises for plane flip Fri, Sep 30 2011 Rihanna's "inappropriate" outfit halts music video Tue, Sep 27 2011 Dangerous animals on the loose in Ohio Wed, Oct 19 2011 Nokia smartphone recovery in focus after weak Q3 Tweet Share this Email Print Related News Samsung, Google unveil phone for revamped Android Wed, Oct 19 2011 Apple blames iPhone rumors for disappointing results Tue, Oct 18 2011 Sony Ericsson shifts to smartphones amid Sony buyout talk Fri, Oct 14 2011 UPDATE 4-New iPhone goes on sale, fans say tribute to Jobs Fri, Oct 14 2011 Samsung delays new Android model release after Jobs's death Mon, Oct 10 2011 Analysis & Opinion Tech wrap: Samsung, Google scream for Ice Cream Sandwich The Apple doesn’t fall far from the threes Related Topics Technology » Media » A corporate logo is displayed at the Nokia flagship store in Helsinki in this picture taken September 29, 2010. Credit: Reuters/Bob Strong By Tarmo Virki, European Technology Correspondent HELSINKI | Wed Oct 19, 2011 7:07pm EDT HELSINKI (Reuters) - Nokia is expected to report a rare loss for the third quarter as the struggling Finnish cellphone giant prepares to launch its first Windows phones next week. Investors will focus on whether Nokia can take advantage of the shifting sands in the smartphone industry. Nokia, left in the dust by Apple and Google in the booming smartphone market, will introduce its first new models using Microsoft's Windows Phone platform next week in London. It unveiled the Microsoft deal in February and has since struggled with a fast decline in smartphone sales as it has tried to sell models using old Symbian platform. Analysts expect Nokia sold 15.9 million smartphones in the third quarter, down 40 percent from a year ago, despite sharp price cuts in early July. "The big question is: did we see the bottom in smartphones? I think we did," said Jari Honko, analyst at Swedbank. Hit by weak smartphone sales, Nokia is expected to report an underlying quarterly operating loss of 23 million euros, down from a profit of 391 million in the previous quarter. Numbers could include one-off charges for restructuring and also development support from new partner Microsoft. With Microsoft software, Nokia hopes to gain the kind of attention Apple and Google have attracted from software developers that enrich their devices. So far Windows Phone's success has been limited -- its market share is just 2-3 percent, compared with around 50 percent for Google's Android and around 15 percent share for Apple. Apple's iPhone sales dropped to 17.1 million in the September quarter, disappointing investors, but were still ahead of Nokia's expected sales and the new iPhone 4S is breaking Apple's previous sales records. Nokia has not rushed with new models -- despite the close partnership with Microsoft, nimbler rivals HTC, Fujitsu and Samsung Electronics have beat it with models using latest Windows software, Mango. In addition to these Nokia will also have to battle Samsung's new Galaxy Nexus -- the first smartphone running on the latest version of the Android software -- in a holiday sales season hit by weakening consumer spending. While the outlook for consumer spending has worsened in recent weeks, analysts have changed their fourth-quarter cellphone sales forecasts only slightly, with a Reuters poll showing they expect a historically normal 12 percent quarter-on-quarter rise. Weakening economies could hit the results of Nokia's telecom gear venture Nokia Siemens Networks, and its bigger rival Ericsson, due to report earlier on Thursday. Smaller telecom gear maker Powerwave warned this week that operators were reducing or postponing near-term spending around the globe, and especially in North America, a key market for Ericsson. (Reporting By Tarmo Virki; Editing by Helen Massy-Beresford) Technology Media Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?)   Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Contact Us Advertise With Us Connect with Reuters Twitter   Facebook   LinkedIn   RSS   Podcast   Newsletters   Mobile About Privacy Policy Terms of Use Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us   Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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