{"id":4732,"date":"2012-01-26T11:50:18","date_gmt":"2012-01-26T11:50:18","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=4732"},"modified":"2012-01-26T11:50:18","modified_gmt":"2012-01-26T11:50:18","slug":"nokia-earnings-fall-less-than-feared-still-deep","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/mobile\/4732\/nokia-earnings-fall-less-than-feared-still-deep\/","title":{"rendered":"Nokia earnings fall less than feared, still deep"},"content":{"rendered":"

Nokia<\/a>, the world’s largest cellphone maker by volume, reported better-than-expected quarterly core earnings, although they still fell 73 percent as its new Windows Phones <\/a>failed to compensate for diving sales of its old smartphones.<\/p>\n

Nokia’s fourth-quarter core earnings per share of 0.06 euros compared to market expectation for 0.04 euros.<\/p>\n

Shares in Nokia rose 7 percent on the news to 4.34 euros.<\/p>\n

Fourth-quarter smartphone sales fell 31 percent from a year earlier to 19.6 million handsets, roughly in line with forecasts.<\/p>\n

Nokia unveiled a high-profile strategy shift to Microsoft software on its smartphones last February in a bid to rival to Apple and Google’s Android.<\/p>\n

It said it has sold well over 1 million Windows Phones by end-January.<\/p>\n

“More than 1 million shipped Windows Phones to date is more than some were expecting, it’s not going to worry Apple<\/a> or Google<\/a>,” said analyst Nick Dillon from research firm Ovum.<\/p>\n

Nokia proposed a 2011 divided of 0.20 euros per share, slightly more than expected.<\/p>\n","protected":false},"excerpt":{"rendered":"

Nokia, the world’s largest cellphone maker by volume, reported better-than-expected quarterly core earnings, although they still fell 73 percent as its new Windows Phones failed to compensate for diving sales of its old smartphones.<\/p>\n","protected":false},"author":7,"featured_media":1233,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[25,855,135,299,187,173],"class_list":["post-4732","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mobile","tag-active","tag-business","tag-earnings","tag-finance","tag-nokia","tag-shares"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/4732","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=4732"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/4732\/revisions"}],"predecessor-version":[{"id":4734,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/4732\/revisions\/4734"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/1233"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=4732"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=4732"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=4732"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}