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Fitch cuts Nokia credit rating to junk, gives negative outlook

0. phoneArena 24 Apr 2012, 05:26 posted on

Nokia’s disappointing financial results for the first quarter of 2012 were the tipping point for credit agencies. After Moody’s downgrade, now Fitch downgraded Nokia’s credit ratings…

This is a discussion for a news. To read the whole news, click here

posted on 24 Apr 2012, 05:39 14

1. FoneAddict (Posts: 209; Member since: 05 Jul 2011)


So sad to see a once great Mobile Phone company be reduced to Junk status. Truly sad.

Consumers are simply not convinced by the Microsoft partnership. I just hope Nokia understands this before it's too late.

posted on 24 Apr 2012, 05:40 6

2. eaxvac (Posts: 328; Member since: 15 Jan 2012)


i just love this, its stocks went down to 4.8 USD that day and I bought almost 1500 shares out of it. Quite a great deal, but of course it does have its own risk.

posted on 24 Apr 2012, 08:13 7

14. TROLL (banned) (Posts: 4851; Member since: 13 Apr 2012)


SSTEPHEN EFLOP THE SKUM
Is taking Nokia down... Since he took over
The betrayal bribe bstrd!

posted on 24 Apr 2012, 08:59 5

17. eaxvac (Posts: 328; Member since: 15 Jan 2012)


lmao, your name says it all.

posted on 24 Apr 2012, 09:01 6

20. steelicon (Posts: 313; Member since: 02 Apr 2011)


Save your own company, Nokia! Save all of these people's jobs! There is only one layoff necessary, and that's Stephen Elop.

posted on 24 Apr 2012, 10:52 5

23. steelicon (Posts: 313; Member since: 02 Apr 2011)


The burning platform is REAL! WinMo and WP IS the BURNING PLATFORM and Nokia just got suckered by an MS mole!

posted on 25 Apr 2012, 00:11

32. SuperEd (Posts: 113; Member since: 18 Oct 2011)


wow, you seem very angry? perhaps you should go back to developing for a different platform? or are you a developer?

posted on 25 Apr 2012, 01:26 1

34. steelicon (Posts: 313; Member since: 02 Apr 2011)


To borrow:

31. Forsaken77 posted on 2 hours ago 1
You just don't get it, do you?!! Nokia is circling the drain right now. By them (Nokia) having an exclusive deal with Microsoft and Windows Phone, they are severely limiting themselves when they need to be able to reach as many people as possible. Not to mention that Windows Phones sell like dirt here in the U.S.. Microsoft can't give the damn things away and it doesn't help that customers are referred to either iOS or Android by store reps. We're not saying for Nokia to abandon your precious WP7 OS. We're just saying that if they made Android phones as well, they'd actually make some decent money because android phones sell a hundred times better than WP models. WP7 is soo far behind in what hardware it uses and the features that it offers and it's the single reason why Nokia is going down the drain. Nokia is stuck making phones on an OS that is so 3 years ago. If Nokia made a Lumia 900 on Android with a dual core 1.5 ghz processor and 1gb of RAM, they'd sell millions and they'd be on their way back to the top!!! Nokia would have an opportunity to shine on android. Instead of us waiting for the Galaxy S3, we would be waiting for the Lumia 2000 as Androids top model. The sky's the limit for hardware on Android, and that's what brings people to it. WP hardware is equivalent to low end Android phones even though they run much better than low end Androids. But that's how customers see it. They compare and Android with a 1.5ghz quad core and a gb of RAM with 1080p large hd screens to a WP single core 800 mhz with half a gig of RAM on a sub-par, 4 inch screen. Even uneducated people will see there's no comparison there. I like Microsoft products myself. I love my Xbox 360 and I believe they will eventually catch up in 5-10 years. Unfortunately, Nokia doesn't have that long and they're losing buckets of money on a daily basis.

posted on 24 Apr 2012, 11:01 2

24. steelicon (Posts: 313; Member since: 02 Apr 2011)


Isn't this economic and / or industrial sabotage? Finland should criminalize economic / industrial sabotage and arrest Stephen Elop.

posted on 24 Apr 2012, 21:35

30. steelicon (Posts: 313; Member since: 02 Apr 2011)


http://gifsoup.com/view5/2267489/titanic-violins-1-o.gif

posted on 25 Apr 2012, 02:45 2

35. Dadler22 (Posts: 161; Member since: 11 Dec 2008)


load Nokia phones with android, make them cool colors, prosper.

Windows Phone 7 is more dead than Nokia, at least right now...

posted on 25 Apr 2012, 06:10 1

37. steelicon (Posts: 313; Member since: 02 Apr 2011)


+ Q2 2009 to Q2 2010, shipments of Symbian devices grew 41.5%, by 8.0 million units, from 19,178,910 units to 27,129,340.

+ Let's just make conservative estimates that even if half of these SYMBIAN devices never sold, then that is still 20% of the market share, or roughly 13,000,000 units (13 Million units).

+ Now compare:

+ Windows Phone

+ Windows Phone Market share

According to Gartner, 1.7 million smartphones using a Microsoft mobile OS were sold world wide in the second quarter of 2011, for a 1.6% market share. In the third quarter of 2011, Microsoft's world wide market share dropped slightly to 1.5%. In the fourth quarter however market share increased to 1.9%. However it should be noted that such reports include both Windows Phone and Windows Mobile marketshare under the same "Microsoft mobile OS" banner, and do not make the distinction of separating the marketshare values of the two.
Studies carried out by Nielsen Company indicated that in the US, WP7 had a smart phone market share of 1% each in the periods March to May, and May to July 2011. For Q3 2011, Nielsen reported a US market share of 1.2% for WP7, which rose to 1.4% in Q4 2011.

+ Conclusion:

+ So essentially Nokia threw out their SYMBIAN 41.5% (about 27 Million) market share or conservative 20% market share (about 13 Million) in favor of WINDOWS PHONE 1.9% market share (about 2 Million).

+ So... which is the REAL BURNING PLATFORM? Which operating system is REALLY the DEAD operating system? Who rescued who? Did Microsoft Windows Phone platform rescue Nokia or was it the other way around, Nokia rescued Microsoft Windows Phone platform?

+ After the burning platform memo, killing off SYMBIAN, now what do you think the remaining SYMBIAN 20% market share (about 13 Million) will do? Suddenly embrace WINDOWS PHONE? Even WINDOWS PHONE 8? Or will they eventually migrate to iOS, BB10 or Android?

(All data taken from Wikipedia)

posted on 24 Apr 2012, 05:55 12

3. Droid_X_Doug (Posts: 5959; Member since: 22 Dec 2010)


I can't imagine the recent news/rumor that MS was not going to support current WP7.X handsets with WP8 helped, either. Given that MS has not repudiated the story, it tends to become factual.

Not even Apple plays the product obsolescence game that hard.

posted on 24 Apr 2012, 06:36 6

4. Mobile-X-Pert (Posts: 565; Member since: 20 Dec 2010)


To be honets, I'm tired of seeng all this bad news about Nokia.

posted on 24 Apr 2012, 06:36 5

5. Mobile-X-Pert (Posts: 565; Member since: 20 Dec 2010)


Honest*

posted on 24 Apr 2012, 06:37 6

6. groupsacc (Posts: 232; Member since: 28 Feb 2012)


Symbian. Meego. Microsoft alliance. I just cannot understand their stubbornness.

I seriously believe that they can make a come back by focusing on their home-European market, by releasing Android-based phones designed to cater for the European taste.

posted on 24 Apr 2012, 09:00 3

18. eaxvac (Posts: 328; Member since: 15 Jan 2012)


not everyone wants a laggy, fragmentated phone like you.

posted on 24 Apr 2012, 23:22 1

31. Forsaken77 (Posts: 552; Member since: 09 Jun 2011)


You just don't get it, do you?!! Nokia is circling the drain right now. By them (Nokia) having an exclusive deal with Microsoft and Windows Phone, they are severely limiting themselves when they need to be able to reach as many people as possible. Not to mention that Windows Phones sell like dirt here in the U.S.. Microsoft can't give the damn things away and it doesn't help that customers are referred to either iOS or Android by store reps. We're not saying for Nokia to abandon your precious WP7 OS. We're just saying that if they made Android phones as well, they'd actually make some decent money because android phones sell a hundred times better than WP models. WP7 is soo far behind in what hardware it uses and the features that it offers and it's the single reason why Nokia is going down the drain. Nokia is stuck making phones on an OS that is so 3 years ago. If Nokia made a Lumia 900 on Android with a dual core 1.5 ghz processor and 1gb of RAM, they'd sell millions and they'd be on their way back to the top!!! Nokia would have an opportunity to shine on android. Instead of us waiting for the Galaxy S3, we would be waiting for the Lumia 2000 as Androids top model. The sky's the limit for hardware on Android, and that's what brings people to it. WP hardware is equivalent to low end Android phones even though they run much better than low end Androids. But that's how customers see it. They compare and Android with a 1.5ghz quad core and a gb of RAM with 1080p large hd screens to a WP single core 800 mhz with half a gig of RAM on a sub-par, 4 inch screen. Even uneducated people will see there's no comparison there. I like Microsoft products myself. I love my Xbox 360 and I believe they will eventually catch up in 5-10 years. Unfortunately, Nokia doesn't have that long and they're losing buckets of money on a daily basis.

posted on 25 Apr 2012, 04:11

36. steelicon (Posts: 313; Member since: 02 Apr 2011)


55555555!

posted on 24 Apr 2012, 06:41 3

7. MickDM (Posts: 63; Member since: 29 Nov 2011)


i think vh spreads negative news in an effort to hurt nokia/ms/wp/vzw...just my opinion :)

posted on 24 Apr 2012, 06:45 4

8. bbblader (Posts: 583; Member since: 24 Oct 2011)


you think it's junk? tell me how samsung apple and htc make prize contests more than 5 times a year and just give you a T-shirt and a sport backpack just for answering people's questions on Facebook?

posted on 24 Apr 2012, 06:51 10

9. mercorp (Posts: 985; Member since: 28 Jan 2012)


GIVE ME A ANDROID PUREVIEW,NOKIA! IT IS SO SIMPLE TO WIN OVER CONSUMERS LIKE ME!

posted on 24 Apr 2012, 12:18 1

26. bbblader (Posts: 583; Member since: 24 Oct 2011)


I'm sorry I'm not hating but it will be slower than a snail!
you'll need quad-core just to power the camera
and 2 more cores just to be perfect

posted on 24 Apr 2012, 06:56 5

10. pongkie (Posts: 505; Member since: 20 Aug 2011)


fitch base their rating on the money they get from companies. they are one of the reason and responsible why this whole financial crisis we are now.

If nokia is junk, fitch is a filthy scum that even germs wouldn't touch

posted on 25 Apr 2012, 00:14

33. SuperEd (Posts: 113; Member since: 18 Oct 2011)


Yup! You got that right! Fitch has as much credibility in this market as Abercromby &Fitch!!!!!!

posted on 24 Apr 2012, 07:00

11. darktranquillity (Posts: 284; Member since: 28 Feb 2012)


I dono where i'm going but i like the direction

posted on 24 Apr 2012, 07:47 5

12. lubba (Posts: 1312; Member since: 17 Jan 2011)


Problem is Apollo is a longs ways to go yet. There is no way the lumia 800 and 900 can keep the momentum going that long. Plus in the USA the Lumia 900 is only selling on ATT which doesn't do Nokia any good unless its sold on multiple carriers. The next 2 quarters going to be tough for Nokia. that can be Blamed on MS.

posted on 24 Apr 2012, 07:59 6

13. shy2papa (Posts: 211; Member since: 23 Jan 2010)


This is just my opinion but i think step elop is a MS Trojan in Nokia meant to destroy Nokia so MS can buy it and use it against Google and Google's android and Apple's iOS

Just my opinion, but what will go wrong if Nokia adopts Android and have other options instead of putting all its eggs into MS W7, its common sense to have a backup plan and Nokia has none so sad.

posted on 24 Apr 2012, 09:00 1

19. eaxvac (Posts: 328; Member since: 15 Jan 2012)


you are the trojan saying s**t.

posted on 24 Apr 2012, 08:33 3

15. medicci37 (Posts: 723; Member since: 19 Nov 2011)


After reading these comments, I am starting to wonder if Nokia's biggest market share is Crazy People. You guys make ifans look good. lol

posted on 24 Apr 2012, 08:45 7

16. droiddomination (Posts: 203; Member since: 01 Dec 2011)


adopt Android nokia, or suffer bb fate! so simple.

posted on 24 Apr 2012, 09:59

22. jamrockjones (Posts: 345; Member since: 26 Oct 2011)


It's true! But they're too stubborn.

posted on 24 Apr 2012, 09:05 2

21. steelicon (Posts: 313; Member since: 02 Apr 2011)


Paging Truth Police: One Last Time - the Reality of Nokia when CEO Elop Took Charge as CEO, and What Was Not Broken

http://communities-dominate.blogs.com/brands/2012/04/paging-truth-police-one-last-time-the-reality-of-nokia-when-criminal-ceo-elop-took-charge-as-ceo-and.html

These Steps or Nokia is No More - the way back to profits and growth (updated)

http://communities-dominate.blogs.com/brands/2012/04/these-steps-or-nokia-is-no-more-the-way-back-to-profits-and-growth.html

posted on 24 Apr 2012, 11:55 1

25. ron1niro (Posts: 54; Member since: 28 Mar 2012)


Stupid people. Nokia adopting android is the worst thing that can happen to technology. So they should also start making plastic phones with multiple cores that still lag? Who said these figures represent windows phone sales? Windows phones have been selling pretty well,it's symbian sales that have slowed down which is understandable because the company is trying to shift to another platform.

posted on 24 Apr 2012, 14:09 1

27. Mobile-X-Pert (Posts: 565; Member since: 20 Dec 2010)


Why can't people understand that the more OSs available the better choices we have. Can you imagine a world where you can only choose between iOS/Android? The more competition the more benefits we get.

posted on 24 Apr 2012, 14:48 1

28. medicci37 (Posts: 723; Member since: 19 Nov 2011)


Widows will still be around. As for Nokia, im not so sure. If Nokia does go bankrupt, it's their own fault for putting themselves in this situation.

posted on 24 Apr 2012, 19:08

29. lubba (Posts: 1312; Member since: 17 Jan 2011)


Nokia will still be around. You can be sure of that. Just like Skype is still Skype. Right now the naysayers, skeptics, backstabbers, and trolls and all are in denial because they couldn't get their way. Just like a child, they'll say this and do that.

One more thing, there maybe is a fear Nokia that is stepping into someone else's territory and these guys can't have that. While huge momentum is going for NL900, this Fitch ass has to come out and do this. Timing.

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