Tag Archives: nokia
Not even Android can save Nokia now
How many of us first started with Nokia? I’m willing to bet that for most of you, a Nokia device was your first mobile phone. Having ‘grown up’ with Nokia phones, I’ve since made the graceful hop to Android, and it’s never been better. That being said, I still think back fondly, almost like an adolescent love relationship that all of us have had – and still cherish in my heart the time we spent together. However, this broken love is just a remnant from the past, and I, and the market, have affirmed their love for Android. Not everyone …
This article, Not even Android can save Nokia now , was originally published at AndroidAuthority.com – Your Android News Source.
Analysts: Nokia On Track To Burn Through Its Whole $6B Cash Pile In Next 2 Years
The Facebook IPO is expected to usher in a day of massive trading volumes on the markets, and some believe that might translate to a lift for some tech stocks. But one that could really use some help has just been served another course of bad press: Nokia is apparently burning through its cash reserves — fast.
The company, for years the biggest mobile phone maker in the world, has fallen on very tough times, as competition from companies like Samsung, Apple and a barrage of inexpensive device makers, have translated into declines in sales, market share and profitability.
That’s now translating into what has been identified as another issue: the burning of the cash pile. In the last five quarters, Nokia has burned through €2.1 billion ($2.7 billion) from its cash reserves. Analysts polled by Reuters on average believe that at the rate Nokia is going, it will go through another €2 billion ($2.5 billion) in the next three quarters, with the total current cash pile of €4.9 billion ($6 billion) gone within two years. Continue reading