GLOBAL TECH WRAP: Nokia back in black

After six straight quarters of losses, Nokia is back in the black with a €202 million profit for the three months to December 31. In the year-ago quarter, it lost €1.07 billion.

The fourth quarter was helped by 4.4 million sales of handsets in the company's new, Windows-based Lumia series - tiny compared to the 48 million iPhones sold during the quarter, but an improvement on the 2.9 million Lumias moved in the previous quarter. 

Nokia's bottom line was also helped by cost-cutting, mass redundancies and the suspension o its dividend for the first time in 20 years. Investors were unimpressed by the latter move. Nokia [NAS:NOK] shares fell 8.9%.

Microsoft December quarter profit dipped slightly to $US6.38 billion, from the year-ago period's $US6.62 billion. Revenue rose 2.7% to a record $US21.5 billion.

Revenue from Windows jumped 24% to $US5.88 billion thanks to the new Windows 8, released early in the December quarter. Investors had been hoping for a bigger lift from the new Windows (although ReadWriteWeb noted the way Microsoft framed its numbers, it was difficult to gauge how well Windows 8 sales had gone, or not). Shares [NAS:MSFT] fell 2.1% in after-hours trading.

Microsoft's online services division lost $US283 million - a big improvement on its year-ago $US459 million December quarter loss.

Revenue was down 10% to $US5.69 billion at the business software division that includes Office, and fell 11% to $US3.77 billion at the division that makes Xbox. Both products are due for a major refresh over the coming months.

Sales figures were not disclosed for the new Surface tablet (which still has no release date for NZ).

Apple shares fell 12.84% as investors digested yesterday's record result, which included some disturbing trends beneath its glossy surface.


Got a question about this story? Leave it in Comments & Questions below.

This article is tagged with the following keywords. Find out more about MyNBR Tags

Comments & Questions

Commenter icon key: Subscriber Verified

Post New comment or question

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.

NZ Market Snapshot

Forex

Sym Price Change
USD 0.7280 -0.0004 -0.05%
AUD 0.9481 0.0015 0.16%
EUR 0.6491 0.0002 0.03%
GBP 0.5593 0.0008 0.14%
HKD 5.6430 -0.0022 -0.04%
JPY 73.9870 0.4700 0.64%

Commods

Commodity Price Change Time
Gold Index 1321.0 -5.860 2016-09-28T00:
Oil Brent 49.2 2.720 2016-09-28T00:
Oil Nymex 47.0 2.380 2016-09-28T00:
Silver Index 19.1 -0.050 2016-09-28T00:

Indices

Symbol Open High Last %
NZX 50 7305.4 7349.8 7290.4 0.73%
NASDAQ 5311.3 5317.0 5318.6 -0.47%
DAX 10545.6 10575.3 10438.3 -0.52%
DJI 18322.9 18366.2 18339.2 -0.24%
FTSE 6849.4 6941.1 6849.4 0.94%
HKSE 23828.6 23828.6 23619.7 0.51%
NI225 16606.3 16756.4 16465.4 1.39%
ASX 5412.4 5473.3 5412.4 1.09%