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Nokia is burning cash too fast, facing further downgrades

0. phoneArena 18 May 2012, 08:40 posted on

Nokia had nearly 10 billion euro in cash reserves at the time when the iPhone hit the market in 2007. It was a turning point - since then, the number has dwindled…

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

posted on 18 May 2012, 08:49 15

1. bubbadoes (Posts: 1172; Member since: 03 May 2012)


If I had "Microsoft" backing me up, I would be blowing the cash also...This is the case here...Its not "Finlands" money--It's all Redmond, Washington's money experimenting on the wp7 platform-waiting for the os to take off

posted on 18 May 2012, 11:50 6

25. sunandks (Posts: 2; Member since: 18 May 2012)


and Redmond gets this money from Droid :)....

posted on 18 May 2012, 13:00 5

31. haseebzahid (Posts: 1853; Member since: 22 Feb 2012)


Redmond gets money from every corner :P

posted on 18 May 2012, 12:22 2

28. steelicon (Posts: 318; Member since: 02 Apr 2011)


Nokia vs Android vs Apple

No matter who wins, we all lose...

posted on 18 May 2012, 09:02 11

2. angelesmec (unregistered)


God Bless Nokia.. my ''Alma Mater''

posted on 18 May 2012, 11:25 3

22. hepresearch (unregistered)


Mine too... I hope they make it through okay, too, but I'm not holding my breath...

posted on 18 May 2012, 09:29 10

3. PimpStrong (Posts: 310; Member since: 25 Jul 2011)


At work, I see a lot of iPhones and even more Androids but never any Windows Phones and have never seen a Lumia 900 anywhere in public.

It's sad that they banked on such an unsuccessful platform.

posted on 18 May 2012, 10:20 5

12. andro. (Posts: 1999; Member since: 16 Sep 2011)


ultimately as sad as it is for Nokia its their own fault,they picked an os that nobody's wants or would ever like. The n8 for a hypothetical example if running gingerbread or ice cream sandwich would have been a major seller.Now they have to compete with bada level sales.

posted on 18 May 2012, 10:48 3

15. djg71087 (Posts: 70; Member since: 10 Oct 2010)


"Nobody wants or would ever like" are some very strong words andro. WP7 does have some strong features already built into its software, as time goes on and WP8 rolls out, things "will" become more competative. It's clear your an android lover (and their is nothing wrong with that), but do not say stupid things.

posted on 18 May 2012, 11:11 2

20. -box- (Posts: 3991; Member since: 04 Jan 2012)


Ditto what djg said. I have a Lumia 900 and I find myself reaching for it probably 70-80% of the times I used to use my Android Sensation 4G. Only reason I'm still using the Sensation, honestly, are a few games I'm using and its excelent camera. Android is wonderful, it's just that the Lumia meets my needs, is faster at what I want it to do, gets much better reception, and also the novelty of having something newer and unique. I've been stopped several times in public asking about what phone I have that's blue, or those that have seen ads about the Lumia but haven't played with one, or were interested and want an owner's view on it.

posted on 18 May 2012, 12:25 3

29. steelicon (Posts: 318; Member since: 02 Apr 2011)


Saying "stupid things" is better than doing "stupid things." And yet saying "stupid things" AND doing "stupid things," now THERE'S real talent! Stephen Elop.

posted on 18 May 2012, 19:15 1

38. microsoftnokiawin (Posts: 1178; Member since: 30 Mar 2012)


Stephen Elop doesn't give a crap about nokia he's sleeping in bed with Microsoft while nokia is freezing in the storm outside next to the dead corpse of Meego and Symbian

posted on 18 May 2012, 09:31 14

4. Altair (Posts: 367; Member since: 02 Feb 2012)


Ahh another negative article from Victor. Looks like that unprofessional Apple troll has become "economy journalist" at Phonearena!

I've counted 27 negative articles about MS-Nokia recently. That guy doesn't know anything about objective point of view.

posted on 18 May 2012, 09:37 9

6. pongkie (Posts: 634; Member since: 20 Aug 2011)


yeah what a surprise...

hes kinda obsessed in this kind of stuff. I feel bad for him such a bitter person

posted on 18 May 2012, 20:26 2

42. nando2do (Posts: 53; Member since: 10 Nov 2011)


yes i think the same way!

PHONEARENA make something you cant let people like this Victor writes against just one system because he doesnt like it..

make an option whether we can decide if is ethical or not.. or make an option to report it just like our comments..

articles can be offensive too..

posted on 18 May 2012, 09:36 10

5. TheRetroReplay (Posts: 254; Member since: 20 Mar 2012)


It's only a matter of time, Microsoft is going to own Nokia. The evidence is screaming that Elop is purposely driving it into the ground so that Microsoft can buy it for pennies.

posted on 18 May 2012, 09:41 8

7. darac (Posts: 2156; Member since: 17 Oct 2011)


Exactly. Flop did his best to make Nokia an easy catch for Microsoft

posted on 18 May 2012, 09:48 5

8. FoneAddict (Posts: 259; Member since: 05 Jul 2011)


Incredible! How long is Nokia prepared to hemorrhage money like this? They need to wake up and smell the coffee, Windows Phone is an utter failure, it's not too late to look at other platforms, because right now Windows Phone is looking like the real "burning platform" not Symbian.

posted on 18 May 2012, 09:57 1

9. neutralguy (Posts: 1152; Member since: 30 Apr 2012)


you think that another transition to another platform/os will save them? No. WP is just starting to gain popularity. Every new platform started in this state. YOu can'y expect it to boom considering the fact that ANDROID together with samsung caught the heart of consumers as what nokia did before with its feature phones way before the emergence of smartphones.

posted on 18 May 2012, 10:40 5

13. downphoenix (Posts: 3165; Member since: 19 Jun 2010)


well Nokia should have either supported a popular platform like Android or at least not called it quits on Symbian and just say they are also supporting WP7. You know, the smart decisions that someone running a company to be successful would make, not the decision someone running a company preping it for acquisition and selloff like Elop is doing.

posted on 18 May 2012, 10:47 2

14. FoneAddict (Posts: 259; Member since: 05 Jul 2011)


@downphoenix the more this drama plays out the more it looks like Microsoft's plan all along was to buy Nokia out especially when you consider Elops actions. I mean what boss makes disparaging remarks about his own products. If the Boss doesn't have trust in the products he sells how on earth does he expect consumers to have trust in Nokia?

posted on 18 May 2012, 11:51 1

26. Stoli89 (Posts: 333; Member since: 28 Jun 2010)


Symbian was already at the edge of the cliff when the BoD fired OPK and brought on Elop. The burning platform memo may have been news...but the reality was that Symbian was already on a negative trajectory. OPK simply masked the severity of the problem for at loeast 3 quarters by price cutting to support volume. He went to the price cutting trough so many times that the BoD fired his ass. Take a look at Nokia's avg selling price over the last years and it becomes painfully apparent that the previous strategy was driving a race to the bottom. With MSFT, Nokia is better able to focus, cut costs where it makes sustainable sense, and get a premium position in another big ecosystem bet.

posted on 18 May 2012, 10:51 3

17. FoneAddict (Posts: 259; Member since: 05 Jul 2011)


Yes I do. Nokia's hardware is proven, everyone who has used Nokia phones appreciate how well made they are. They have the in house expertise and why would you throw all that away for a company like Microsoft who have no real comparable experience in the mobile phone field and who's reputation for buggy windows software is well known.

The sad fact is Microsoft has a crap reputation in Europe, I don't know about the US but in Europe Microsoft isn't exactly synonymous for quality software. People simply don't trust Microsoft.

posted on 18 May 2012, 19:17 1

39. microsoftnokiawin (Posts: 1178; Member since: 30 Mar 2012)


and Meego as well

posted on 18 May 2012, 10:01 3

10. Tsepz_GP (Posts: 992; Member since: 12 Apr 2012)


Dear oh dear Nokia.
How the mighty have fallen.

posted on 18 May 2012, 10:11 1

11. JSern (Posts: 282; Member since: 22 May 2011)


Here they come

posted on 18 May 2012, 10:50 3

16. hepresearch (unregistered)


Well, with Nokia CEO Jar-jar Binks at the helm, what did you all expect?

... just a cheeky reference to my earlier comments #87 and #88 at:

http://www.phonearena.com/news/Verizon-will-give-its-customers-time-to-plan-before-eliminating-grandfathered-unlimited-data-plans_id30272

posted on 18 May 2012, 11:00 1

18. MicroNokia (Posts: 15; Member since: 18 May 2012)


Nokia will never worry as long as Microsoft is backing them!!!!

They both need each other....

posted on 18 May 2012, 11:24 2

21. hepresearch (unregistered)


Yes, they need each other... just a little too much...

posted on 18 May 2012, 11:10 1

19. himanshulumia (Posts: 1; Member since: 18 May 2012)


why you all are against nokia.nokia want support cheer them.

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