Extent of Nokia’s Woes to Be Laid Bare in Earnings Report Thursday
Nokia has already warned it will be another rough quarter, but the extent of the fiscal challenges will be put into ones and zeroes on Thursday as the Finnish phone maker reports quarterly earnings.
The real question, though, isn’t just how tough things were the last few months, but rather whether the next crop of Nokia Windows Phones can help reverse recent fortunes.
In an interview earlier this month, CEO Stephen Elop told AllThingsD that the company would have liked to have seen its first crop of Lumia devices sell better but that it still believes in its bet on Microsoft’s operating system.
Nokia has shown off its first Windows Phone 8 devices, but has yet to announce exact pricing and availability. AT&T will have the Lumia 920 and Lumia 820, while T-Mobile will have the Lumia 810. Verizon is also widely believed to be getting its own Nokia Windows Phone 8 device.
Now the question is just how well consumers will take to the phones.
Nokia has other big bets as well, including an expansion of its Navteq location and mapping business as well as the Asha line of entry-level smartphones for emerging markets.
Elop will also be a featured speaker at D: Dive Into Mobile, which takes place in New York Oct. 29-30.
(To see Elop, Android chief Andy Rubin and top executives from Facebook, Verizon Wireless, WhatsApp and more, be sure to register soon.)