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News Breaks
April 29, 2014
06:23 EDTNOKNokia reports interim Q1 non-IFRS EPS EUR 0.04 vs. EUR 0.01 last year
Reports interim Q1 revenue down 15% to EUR 2.7B. In Q1 2014, underlying operating profitability for Nokia's continuing operations increased to EUR 304M, or 11.4% of net sales, compared to EUR 254M, or 8.1% of net sales, in 1Q13. Networks achieved solid underlying operating profitability, with Q1 non-IFRS operating profit of EUR 216M, or 9.3% of net sales, compared to EUR 196M, or 7%, in 1Q13. This was primarily due to a higher gross margin which benefitted from a higher proportion of software sales, significant efficiency improvements in Global Services and a higher proportion of Mobile Broadband sales. HERE's external net sales were EUR 185M, an increase of 13% year-on-year, driven by strong sales to vehicle customers. Technologies entered in to an agreement with HTC, validating Nokia's implementation patents and enabling Technologies to focus on further licensing opportunities.
News For NOK From The Last 14 Days
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October 24, 2014
07:50 EDTNOKNokia exec says social channels to be called Microsoft Lumia
Nokia's (NOK) senior vice president for phones at Microsoft (MSFT) Tuula Rytila said, "When we announced that the Nokia Devices & Services business would become part of Microsoft, we also shared that Lumia, our smartphone brand, would become part of the Microsoft (MSFT) family. Since then, we have naturally been making the change from Nokia to Microsoft in our websites, packaging and other consumer touch points. In the coming weeks and months, you’ll start seeing even more brand experience come to life across different channels as we transition from Nokia Lumia to Microsoft Lumia." The exec said that Microsoft will continue to sell its Nokia-branded entry-level category of phones. Reference Link
October 23, 2014
09:04 EDTNOKOn The Fly: Pre-market Movers
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06:47 EDTNOKMicrosoft aims to ditch Nokia title from Lumia devices, Reuters says
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06:05 EDTNOKApple defeats GPNE civil patent suit, Re/code reports
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05:19 EDTNOKNokia reports Q3 Non-IFRS EPS EUR 0.09 vs. EUR 0.06 last year
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October 22, 2014
06:39 EDTNOKMicrosoft Lumia to replace Nokia brand, The Verge reports
Microsoft plans to make Microsoft Lumia the new brand name that takes the place of Nokia for the software maker, reports The Verge. Nokia still exists as a separate company without its phones business, focusing on mapping and network infrastructure. Reference Link
October 10, 2014
10:15 EDTNOKNokia, China Mobile sign framework agreement valued at $970M
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