Nokia Smartphone reality check, Ka-ching! via Branedy
All the bad news,
Nokia smartphones dumb down profits
Nokia releases Q2 2010 results; profits down, market share flat
Nokia Q2 2010 results – profits down but smartphone sales up
So lets do a reality check on the facts; Nokia profits are Down 40%, but are still making a Profit. Which means they are in the green economically, and are making a Profit of €221M Euros (285M$). But 40% less than last quarter, meaning that they are only making 60% of the profit they made last quarter, during the worst recession in over 100 years And everyone is complaining?
The only thing this tells me, is that a manufacture like Apple who makes more profit on their iPhone 4, is ripping off their customers by charging a premium price for a Smartphone and Nokia does not!
Reality Check cashed,...