T-Mobile and Sprint give Nokia a big boost in sales
posted by Maxwell R. / Oct 23, 2014, 10:19 PM
More than half of those sales were related to mobile broadband switchgear, equipment used by mobile carriers to provide wireless service. In North America, Sprint and T-Mobile helped boost Nokia Networks’ sales by a solid 53% year-over-year due to “a new LTE network deployment at a major customer,” which is the “Sprint project.” Nokia Networks is also a major player in building up T-Mobile’s LTE network with the aim of implementing carrier aggregation (read as: LTE-Advanced).
Asia was also a bright spot for Nokia, with China showing an increase of 38% in sales thanks to the ever expanding networks in the world’s largest mobile market. Europe provided 9% growth, fueled primarily by network development in Eastern Europe.
The company still known as Nokia is not all about switchgear though, HERE Maps had sales growth of 12% with $299 million in revenue, and it expects positive growth now that HERE is available to Android powered smartphones. Meanwhile, another 3.2 million cars rolled off the line with HERE navigation systems embedded, up from 2.6 million a year ago.
Nokia still holds a considerable patent portfolio and that unit, called Nokia Technologies, showed sales growth of 9% with about $139 million, largely because Microsoft became a higher profile licensee of Nokia patents.
All told, the third-quarter results represented the first year-over-year growth for Nokia since 2011. With network technology rapidly advancing, Nokia appears to be in better shape playing less of a consumer role in communications.
Posts: 436; Member since: Jan 15, 2014
Thank you, t mobile and sprint
posted on Oct 23, 2014, 10:19 PM 4
Posts: 138; Member since: Aug 09, 2011
Huh ? Were I can buy a Nokia Sprint smartphone ???
posted on Oct 24, 2014, 5:36 AM 1
Posts: 3902; Member since: Feb 04, 2013
I'm seeing Nokia will be a leader in networks soon.
posted on Oct 24, 2014, 3:33 PM 1
Yet pouring molasses in 0 degree weather is still faster than sprint
posted on Oct 23, 2014, 11:30 PM 2
Posts: 453; Member since: Mar 14, 2011
Never miss an opportunity to bash Sprint and seek out attention. Have you not been trolling hard enough lately sweetheart?
posted on Oct 24, 2014, 1:14 AM 0
Posts: 2458; Member since: Nov 28, 2009
I don't always agree with him, but he tends to be on-point here. More towers would solve their problems tremendously. The "America's Newest Network" crap doesn't fly with those of us in the know, at least not right now. Sprint and T-Mobile work great for the metro-dwellers. Where I travel, only Big Red and the Deathstar work...
posted on Oct 24, 2014, 3:49 PM 0
Posts: 2810; Member since: Oct 03, 2012
Haha many people thought that Nokia was dead........NOOBS!
posted on Oct 24, 2014, 2:26 AM 5
Posts: 6023; Member since: Dec 30, 2010
Nokia the phone maker, as many know Nokia by. In that sense.....they might be right. Its like if Nintendo gets out the gaming business, they will be more profitable with their other businesses. Same for Sony...before the PS4 anyway. I think the PS4 is making Sony profit vs the PS3. Moto might be better off not making phones anymore....before the Moto G anyway. MS might be better off not making Xbox and WP anymore. Now, the business known as Nintendo, Nokia, Sony, MS will still be making money, alive, profitable...but they wont be doing what ....you...may like, love them for. Thats the difference. "With network technology rapidly advancing, ...........Nokia appears to be in better shape playing less of a consumer role in communications." Separated for emphasis. Same for BB. And thats the point when ppl say Nokia is/ will be dead.
posted on Oct 24, 2014, 9:36 AM 2
Posts: 25; Member since: Oct 22, 2014
maybee nokia wanted out of the windows phone boulder they were under?? what a better way to do that then to cut off that portion of your slow death. wait the so many years that they have to wait befor they can build phone again and then get back in with a better partner
posted on Oct 24, 2014, 7:18 AM 4
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