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Stephen Elop is a Genius

Stephen Elop is a Genius

It's easy to hate on Nokia. The company's ruinous financial results have seen the Finnish firm's share price hit a fifteen year low; reviewers responded positively to the new Lumia Windows Phone range, but smartphone-savvy customers were still swayed by more established Android and iPhone options. And so it's easy to hate on CEO Stephen Elop, a cuckoo to some who inveigled his way into Nokia and then sold out the family silver - Symbian, MeeGo, the old guard of loyal execs - from under their nose. As the stock tumbles and the company contracts, though, make no mistake: Elop is no bumbling fool.

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Nokia lost China

Nokia lost China

Fans of big numbers should find plenty to excite them in Nokia's Q1 2012 financial results, but some of the most serious implications come when you factor in those stats the Finns didn't mention. The headline numbers of a $1.7bn loss and a halving of smartphone sales year-on-year dance around the biggest threat to the company's future: the market Apple, Google and many others see as their biggest source of potential growth in the decades to come, China, has ditched Nokia.

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Nokia sales chief resigns

Nokia sales chief resigns

Nokia's executive vice president of sales, Colin Giles, has resigned, coming hot on the heels of "greater than expected competitive challenges" leading to appalling Q1 2012 financial results. Giles departure is so that the Nokia Leadership Team member can "be closer to his family" and will prompt a restructuring of the company's sales organization. "Effective immediately, Nokia's four regional senior vice presidents and the lead of sales operations will report directly to Niklas Savander, executive vice president of markets" the company says, in the process "reducing a layer of sales management to ensure greater customer focus and providing senior leaders greater visibility into market dynamics."

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Nokia admits $1.7bn loss in Q1 2012

Nokia admits $1.7bn loss in Q1 2012

Nokia has announced its Q1 2012 financial results, with a huge €1.34bn ($1.7bn) operating loss despite sales of $7.4bn ($9.7bn) in sales. Smart devices sales more than halved year-on-year as Nokia's Symbian line lost traction, declining 38-percent from Q4 2011; meanwhile, mobile phones - the bread and butter of Nokia's bottom line - fell 32-percent year-on-year, and down 24-percent on the previous quarter. "We have faced greater than expected competitive challenges" CEO Stephen Elop admitted, adding that "actual sales results [of Lumia Windows Phones] have been mixed."

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Nokia has just six months to claw its way from collapse

Nokia has just six months to claw its way from collapse

Nokia has six months to redeem itself with Windows Phone, analysts warn, before it needs to find a "Plan B" other than Microsoft's platform. After dire financial warnings earlier this week, in which Nokia not only confirmed that Symbian device sales were ditching, but that Lumia Windows Phone sales were only a fifth of those Symbian volumes, the outlook for the company is grim. However, while many suggest Nokia isn't, in fact, to blame for the most significant shortcomings in its device strategy, that won't save it from failure if it doesn't turn things around.

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Bad luck Nokia: Your Next Billion is saying No Thanks

Bad luck Nokia: Your Next Billion is saying No Thanks

You can't make an omelet without breaking eggs, but Nokia's looking more scrambled than anything else today. Some number crunching after Nokia's warning of worse-than-predicted financials for Q1 2012 reveals quite how badly the Finnish company's legacy business is crumbling: the same business that Nokia was relying on to keep it afloat during the Windows Phone transition. The headline figure: a mere 83 million handset sales, down from 108.5m a year ago.

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Nokia: 2m Lumia sales in Q1 but finances still underwhelming

Nokia: 2m Lumia sales in Q1 but finances still underwhelming

Nokia sold more than two million Lumia Windows Phones in Q1 2012, the company has confirmed, though still warns that its financial performance for the period will be less impressive than previously predicted. The Finns blame "competitive industry dynamics" - particularly in developing markets - and a decline in gross margins for smartphones for the decline in operating margins, which it now predicts will be a loss of 3-percent rather than the break-even or  minus 2-percent as before.

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Nokia design chief confirms tablet

Nokia design chief confirms tablet

Nokia is working on a tablet, the company's design chief has reportedly confirmed, with the exec supposedly spending a third of his time on the well-rumored project. "We are working on it" Marko Ahtisaari confirmed to Finnish magazine Kauppalehti Optio, Reuters reports, though declined to be more specific about the incoming slate. However, rumors earlier this week suggested a Windows 8 tablet was in the pipeline for later this year.

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Nokia shutters Money service in India

Nokia shutters Money service in India

Many mobile phone companies expected one of the big emerging businesses in developing countries to be mobile money services. Many citizens in these developing nations don't use banks and need the ability to send and receive money to pay for services and goods. Late last year Nokia launched its mobile money service called Nokia Money.

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Nokia Windows 8 Qualcomm tablet tipped for Q4

Nokia Windows 8 Qualcomm tablet tipped for Q4

Nokia will launch its first Windows 8 tablet in Q4 2012, insiders have suggested, a 10-inch Windows-on-ARM machine using a dual-core Qualcomm chipset as the company looks to expand beyond smartphones. The move, tipped by DigiTimes sources among component suppliers claim, is expected to buoy Microsoft's position against Android tablet manufacturers, with the slate most likely to be powered by a Snapdragon S4 "Krait" chipset such as inside the Windows 8 developer hardware Qualcomm handed out last month. Update: Nokia statement after the cut.

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