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More on Nokia Q2 results... | 211 comments | Create New Account
Comments belong to whoever posts them. Please notify us of inappropriate comments.
More on Nokia Q2 results...
Authored by: Gringo_ on Thursday, July 19 2012 @ 10:07 AM EDT

I posted Tomi Ahonen's blog link above before having read it. Turns out he was rushing off to catch a plane and it didn't have as many details as I would have liked. For more details see Nokia woes mount from the Guardian or Nokia disappoints with deep loss, slumping sale from Yahoo Finance.

Nokia's results were disastrous, but you wouldn't realize that from reading the NYT or the WSJ. The third quarter can only be worse, as I would imagine sales will come to a complete standstill as consumers realize the Nokia WP7 phones are now a dead end, and a new iPhone is expected shortly. On top of that we have several very successful new products from Samsung and Google. Nokia is already writing of phones and shipping them to the dump, as I understand from reading their Q2 2012 Interim Report

This, too was gleaned from the annual report: It appears that Nokia is basically getting the Microsoft OS for free. They have such close relationship with Microsoft no wonder they are dumping Meego. Microsoft must be calling the shots.

Our agreement with Microsoft includes platform support payments from Microsoft to us as well as software royalty payments from us to Microsoft. In the second quarter 2012, we received a quarterly platform support payment of USD 250 million (approximately EUR 196 million). Under the terms of the agreement governing the platform support payments, the amount of each quarterly platform support payment is USD 250 million. We have a competitive software royalty structure, which includes annual minimum software royalty commitments. Minimum software royalty commitments are paid quarterly. Over the life of the agreement, both the platform support payments and the minimum software royalty commitments are expected to measure in the billions of US dollars. The total amount of the platform support payments is expected to slightly exceed the total amount of the minimum software royalty commitments. In accordance with the contract terms, the platform support payments and annual minimum software royalty commitment payments continue for a corresponding period of time.

[ Reply to This | Parent | # ]

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