With the growing competition between iOS and Android reaching new heights every day (rather minutes and seconds, I should say), every other mobile platform has been on the losing end. We all have been witness to the desperate position of RIM’s Blackberry. So we weren’t really expecting much today when Nokia were to announce their earnings for Q3 2011.
As expected Nokia’s net sales dropped further by 13% year on year with a drop of 3% compared to Q2 which is not really so bad as we were expecting it to be. With operating profits having recorded a drastic fall of 60% year on year, which is about 36% when compared to Q2; its like Nokia is standing on quicksand and they are sinking deeper every minute and if they ever needed a helping hand its now. We hope that the Windows Phone 7 platform is the hand that saves Nokia from sliding into further trouble.
Though they still have managed to record sales amounting to $12.35 billion which is actually better than the expected sales for the quarter.
Nokia still has some good market share in the developing countries and the Asian market and would do well to hold onto it till they launch Windows Phone laden handsets in the coming weeks and maybe manage to get some momentum going for them.
