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Nokia gains profits in Q2, core business recovers

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9 years ago

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Helsinki: Nokia achieved an increased turnover and made a remarkable profit during the second quarter of 2015, the Finnish network technologies company said.

Compared with the same period in 2014, the 2015 April-June turnover stood at 3.2 billion euros, which was an increase of nine percent. The profit was now 352 million euros, whereas in 2014 it had been negative.

Among the three major business portfolios, namely the networks, technologies and the HERE map services, networks provided 313 million euros out of the total of 521 operating profit.

Mikael Rautanen, an analyst of Nokia from the analysis firm Inderes, told Finnish national radio Yle that the increase in the turnover could be attributed to changes in the exchange rates that were advantageous to Nokia.

The good profit result showed a recovery in the core business of Nokia, the network services.

Rautanen said the market situation was not easy, but Nokia was able to improve its profitability more than its main competitor Ericsson.

“In the future the programmes that administer the networks bring the money, not that much the sales of hardware,” he said.

Nokia CEO Rajeev Suri said the company’s global services segment attained one of its best results ever; sales of programming grew remarkably, while the impact of new strategic agreements declined.

The current annual turnover of Nokia is around 15 billion euro and following the completion of the Alcatel-Lucent deal it will be around 30 billion.

Rautanen said that uncertainty associated with the upcoming merger has been reflected in the price of the Nokia stock. It was 7.5 euros at the time of the announcement and has since declined to six euros.

On Thursday, following the announcement of Q2 results, the share value increased eight percent.

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Apple is giving a huge discount on its gadgets: Details inside

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3 years ago

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May 5, 2022

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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