Notes From Nokia Conference Call (WP7.8 Devices to be Sold Long After WP8 Arrives)July 19, 2012 2 Comments
Nokia today released their financial reports this morning for Q2 2012. Some good news was the fact that they sold 4 million Windows Phone Lumia devices, bad news is that they continue to lose money while they switch up their company wide game plan.
After the reports were released, Nokia had a conference call and Q&A regarding the Q2 2012 results. Here are a few details that were spoken about at the call by “Stefan Constantinescu previously from intomobile (and Ex Nokian and ex nokia blogger – RingNokia)” while they tweeted from @whatthebit.
- Nokia effectively not paying royalties to use WP
- SOLD 4M not shipped
- Windows 8 will have halo effect on Lumia.
- Impact expected due to WP8 announcement
- “Our aim to become the “where” company, like Facebook is the “who” company, and Google is the “what” company.”
- “Lumia 610 and 900 volumes increasing, Lumia 710 and 800 volumes decreasing.
- Timo (Nokia CFO) calls Q3 a ‘TRANSITION QUARTER’. Next 3 months to be VERY important.
- Elop “We’ll be selling existing Lumia devices quite a while after Windows Phone 8 handsets launch.” 60% of Android devices being sold are using a version of Android that’s three versions old. There’s still volume there
- More cheap smartphones coming to China
- The catalyst for us will be the next wave of Lumia devices. We’ll be launching more expensive models
- Current gen will still be sold long after WP8
- Both WP8 and WP7.8 to be used in lower end devices.
- The next wave and the wave after that (of Lumia phones) will have more differentiation.
- NSN being configured to be ‘more independent’ to give Nokia more options.
It is good to hear that the 4 Million lumia devices were actually in fact sold and not shipped. Not too shocked to hear that Nokia will not only be selling Windows Phone 8 devices in the future but Windows Phone 7.8 as well. Do not get too nervous about that little fact however as this will most likely be in places where Nokia really get the price as low as humanly possible. I would be surprised if they release a Windows Phone 7.8 device in the US, UK, etc. after WP8 ships.