Nokia’s Margins Rise as Revenue Slump Slows

 

Nokia (NYSE: NOK) reported its first-quarter results before the market opened on April 27. Total revenue declined, but at a slower pace compared to the fourth quarter. Non-international financial reporting standards (non-IFRS) profit soared, driven by cost-cutting and increased margins for the networks business. The networks business will continue to decline during the rest of the year, but Nokia expects margins to keep moving higher. Here’s what investors need to know about Nokia’s first-quarter results.

Nokia results: The raw numbers

Metric

Q1 2017

Q1 2016

Year-Over-Year Growth

Sales

5.34 billion euros

5.62 billion euros

(4%)

Profit

203 million euros

139 million euros

46%

Earnings per share

0.03 euros

0.03 euros

0%

Data source: Nokia. All figures non-IFRS.

Image source: Nokia.

What happened with Nokia this quarter?

  • Nokia’s networks revenue slumped 6% year over year to 4.9 billion euros; it was down 7% adjusted for currency. Ultra broadband networks revenue fell 4%, while IP networks and applications revenue dropped 10%.
  • Within ultra broadband networks, mobile networks revenue declined by 1% to 3.1 billion euros, while fixed networks revenue plunged 19% to 501 million euros.
  • Networks gross margin rose 90 basis points year over year to 39.5%, while operating margin rose 10 basis points to 6.6%.
  • Nokia technologies revenue grew by 25% year over year to 247 million euros. Gross margin fell 430 basis points to 94.7%, while operating margin fell 650 basis points to 47%.
  • HMD Global, Nokia’s exclusive brand licensee for mobile phones and tablets, will begin shipping three Nokia-branded smartphones during the second quarter. Nokia will receive a royalty on each unit sold.
  • On Feb. 9, Nokia announced that it was acquiring Comptel Corp. as part of its plan to build a stand-alone software business.

Nokia provided the following pieces of guidance for investors:

  • Annual cost savings of 1.2 billion euros from Nokia’s merger with Alcatel-Lucent by 2018, unchanged from previous guidance.
  • The networks business is expected to decline at a low-single-digit rate this year, in line with the primary addressable market. Operating margin is expected between 8% and 10%.
  • Nokia again provided no guidance for the technologies segment due to risks and uncertainties determining the timing and value of licensing agreements.Nokia's Margins Rise as Revenue Slump Slows

What management had to say

Nokia CEO Rajeev Suri summed up the quarter:

Nokia’s first quarter 2017 results demonstrated our improving business momentum, even if some challenges remain. We slowed the rate of topline decline and generated healthy orders in what is typically a seasonally weak quarter for us. We also continued to see expansion of cross-selling across our full portfolio, delivered excellent gross margins and improved group-level profitability.

Suri is optimistic about Nokia’s performance in 2017: “Overall, given Nokia’s performance in the first quarter, I am optimistic about the year ahead, even if cautiously so. Our competitive position is strong, we are executing well, and, as a result, we are able to confirm our guidance for full-year 2017.”

Nokia’s guidance for the full year remains unchanged. The networks business is still in decline, but both gross and operating margins rose during the first quarter, and Nokia expects further improvements in profitability as the year goes on. Nokia’s cost savings program is helping to drive the bottom line higher, and that remains on track to be completed by the end of 2018.

10 stocks we like better than Nokia

When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*

David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now… and Nokia wasn’t one of them! That’s right — they think these 10 stocks are even better buys.

Samsung won’t stop saying weird things about the Galaxy S8’s design

 

A little over three weeks ago, Samsung felt it needed to explain the design of its gorgeous Galaxy S8 to everyone with yet another annoying design story. If you ask me, the Galaxy S8’s design doesn’t need any explanations, at least as long as they sound as bad as the design posts Samsung used to write when it had to defend its plastic phones. But Samsung did it anyway. For some reason, Samsung is now back with a second Galaxy S8 design story, and it’s just as equally disturbing as the first one.

This time around, the blog post is structured as an interview between Samsung and Samsung. I’m not even going to get into the fact that a Samsung employee is interviewing a different Samsung employee for the time being. Let’s just check out some of the “best” parts of it.

The oneness is back

“It’s often said that the whole is greater than the sum of its parts, and this certainly rings true for smartphones,” Samsung designer Hyoungshin Park said. “So, in line with our philosophy of neutrality, we aimed to create a seamless design that highlights the visual unity of the device under the concept of ‘oneness.’”

“The Galaxy S8 in particular is differentiated by the oneness of its materials,” designer Hyejin Bang answered when asked how the concept of oneness applies to glass and metal.

Later in the interview the reporter asked this question: “Considering so many different people worked on various aspects of the design, how were you able to apply the concept of ‘oneness’ to create a coherent design?” It really is something every Galaxy S8 user should know.

The response itself would not be important, but Park gave us this tidbit: “Designing the Galaxy S8 was a lengthy, systematic process – one that lasted much longer than a year! – and required a great deal of teamwork.” Later in the interview, Samsung designers explained how they interacted with the development team and the hardware team to come up with the final version of the Galaxy S8. “In the end, however, we were able to collectively, as one, achieve our goals.”Galaxy S8 Design Story

All that teamwork talk only made me wonder how long the design, development, and hardware teams spent on creating the Galaxy Note 7 last year and whether they had enough time to do a good job given Samsung’s pressure to release the phone as early as possible. But the Samsung reporter did not ask any hard questions, so we’ll never know.

One thing that also sticks out is that the word “safety” doesn’t appear anywhere in the interview, which is strange considering Samsung has been under a lot of pressure to deliver a product that won’t explode or show any other massive manufacturing fault.

That elusive true essence

Oneness isn’t the only buzzword Samsung is throwing out there. We also have the true essence of the Galaxy S8. To create a device under the concept of oneness, Samsung “focused on creating a design that is harmonious, natural and centered on the true essence of the Galaxy S8.”

It’s really unclear what that true essence of the phone is, but as you keep reading you find out it’s the display. Apparently, at some point during the development of the phone, the design team recognized the smartphone’s true essence is the display, more than anything else. Better late than ever, I suppose. It’s only been 10 years since everyone realized the display is all that matters in a smartphone.

To maintain that essence, Samsung placed the home button under the display and moved the fingerprint sensor to the back, “a location users can easily reach when holding the device in their hand.” Yes, Samsung said that.

Furthermore, it gave the phone black top and bottom bezels to make it appear like it stretches seamlessly from the top to the bottom. The Bixby button is also a solution Samsung created to avoid compromising the design of the phone. Too bad the button doesn’t really work right now.

The full interview is available at this link, but you’d be better off just looking at this pretty picture of the Galaxy S8 than reading the second party of its design story.

Image Source: Zach Epstein, BGR

Sponsored Content
  • This Game Can Train Your Brain to Think Strategically (No Joke!)This Game Can Train Your Brain to Think Strategically (No Joke!)Vikings

  • "White Oil" Discovery Could Make OPEC Obsolete“White Oil” Discovery Could Make OPEC ObsoleteOil & Energy Investor

  • This Google Chrome Add-On Automatically Saves Amazon Shoppers a Ton of CashThis Google Chrome Add-On Automatically Saves Amazon Shoppers a Ton of CashHoney

  • The 10 Best Luxury Cars for Under $35kThe 10 Best Luxury Cars for Under $35kKelley Blue Book

  • White Oil Set to Decimate OPECWhite Oil Set to Decimate OPECOil & Energy Investor by Dr. Kent Moors

  • Thinking About Installing Solar Panels? Read This First

New update hitting unlocked HTC 10 in US

HTC has started pushing out a new update to its 10 smartphone in the United Sates. Hitting unlocked units, it’s a security update that arrives as version 2.50.617.2 and weighs in at around 277MB.

View image on Twitter

View image on Twitter

It’s not exactly clear which month’s security update it is – the tweet clearly says July, but in the comments that follow, users report June update. Also, there’s no information on what other changes are included.Image result for New update hitting unlocked HTC 10 in US

Have you received the update? Share any changes you found with the rest of us in the comments section below.

 

LG Q6 Price In India

 

EXPECTED PRICE
₹15,990

LG Q6 Release Date

Status Upcoming Mobile
Expected Price Rs. 15990
Launch Date 31st August 2017
Updated On 14th July 2017

LG Q6 Unique Features

  • Full HD Display
  • 3GB RAM
  • Minimal bezels
  • LG Q6 runs Android 7.1 Nougat
  • The smartphone has a 5.5-inch Full HD IPS display
  • Other variant of this mobile is LG Q6 Plus
  • It has a 13MP rear camera with an LED flash and a 5MP front camera View more ››

LG Q6 Price In India

LG Q6 price in India is expected to be Rs. 15990. LG Q6 is due to be launched in August, 2017. The 32GB variant costs around Rs. 15990. The LG Q6 comes in multiple colour options like Astro Black, Ice Platinum, Marine Blue which are also priced the same.

LG Q6 Details

Introduction and Camera
The LG Q6 is the company’s first Q-series smartphone which makes its mark with ultra narrow bezels. The device comes with minimal bezels; almost an edge to edge display which is ideal for watching videos and playing games. Sadly, the smartphone does not feature a fingerprint reader which has now become the norm in most smartphones.
For capturing images and recording videos, the LG Q6 is equipped with a 13-megapixel rear and a 5-megapixel front-facing shooter. The primary camera at the back is aided with an LED flash to handle low-light shots. Users can use the secondary camera for selfies and video calling.
Performance and Display
The LG Q6 is armed with a 1.4GHz octa-core Qualcomm Snapdragon 435 chipset which is backed by 3GB of RAM to ensure smooth and flawless performance while multitasking and playing games.
On the front, the device features a 5.5-inch Full HD IPS display which is bright and reproduces crisp and vivid colours. Outdoor visibility might be an issue under bright light as is the case with other IPS display handsets.
Battery and Storage
The LG Q6 is powered by a non-removable Li-Ion 3,000mAh cell which promises talk time up to 6 hours. For apps and other files like music, videos, images, etc. the smartphone comes with 32GB of expandable storage space. The internal storage capacity of the LG Q6 can be expanded further using a microSD card up to 200GB.
Platform and Connectivity
The LG Q6 runs the Android 7.1 Nougat operating system out of the box and is bundled with all the standard connectivity options which include 4G, dual SIM, Bluetooth 4.2, GPS, Wi-Fi 802.11 b/g/n, NFC, and a microUSB 2.0 port.

Samsung ‘Accidentally’ Reveals Galaxy Note 8

It isn’t long now until the Galaxy Note 8 launches, and given the radical changes coming it seems even Samsung can’t resist ‘accidentally’ teasing this phone…

Using the company’s official Twitter account for its Exynos chipsets, today Samsung tweeted a promotion for the Exynos 8895 – the chipset used in the Galaxy S8 and Galaxy S8 Plus. But the phone used in the promotion was neither of these well known flagships.

Galaxy Note 8 based on multiple leaks

Concept Creator

Galaxy Note 8 based on multiple leaks. Image credit: Concept Creator

Instead Samsung gave us a good look at a new smartphone with an Infinity Display which has even smaller bezels than its two flagships. A smartphone which matches up almost exactly with the leaked renders, schematics and cases for the Galaxy Note 8 and which also features the curved edge display expected to debut for the first time this year on the Note range.

Samsung promotes the Exynos 8895 with the Galaxy Note 8?

Samsung

Samsung promotes the Exynos 8895 with the Galaxy Note 8?

Needless to say, the tweet set Twitter users into a frenzy. In the meantime Samsung has kept quiet about the image while – crucially – not removing it.

Both moves are understandable. The ‘accidental’ reveal builds interest ahead of the launch while the silence on adds to it. It’s Smart Marketing 101.

Furthermore the angle of the handset Samsung shows does not answer the most contentious aspect about it: whether the fingerprint sensor will be integrated into the bottom of the display or not. Multiple leaks suggest Samsung hasn’t been able to pull this off and it will remain rear mounted in a slightly less ridiculous place.

Olixar's Galaxy Note 8 range is now on sale

Mobile Fun

Olixar’s Galaxy Note 8 range is now on sale

Were this the Galaxy S8 or Galaxy S8 Plus or even just a generic image then Samsung would have surely have had no issue showing this part of the phone. Yes it could be a coincidence, but it would be one heck of a coincidence just a month from launch and two months before Apple’s headline grabbing (if troubled) 10th anniversary iPhone is unveiled.

Samsung is not that naive.

Of course it isn’t just the iPhone 8 which Samsung has to worry about. With Google’s heavily redesigned Pixel 2 XL breaking cover this week and arriving in a similar time frame it means the smartphone wars are reaching boiling point. And with such competition comes the need for an occasional ‘accident’…

 

New Motorola Moto G5S Plus images leak

The Motorola Moto G5S Plus has been the subject of a few image leaks in the past couple of months. And now, a couple of new images alleged to be of the phone have leaked, showing close-ups of the handset’s front and back.

The design revealed by this new set of images is inline with what we’ve already seen before. Specs-wise, the phone is said to be powered by Snapdragon 625 SoC and sport a 5.5-inch Full HD display. RAM would be 4GB, while storage would be 64GB.

The device is also rumored to feature 13 MP + 13 MP sensors on the back (one color, one black and white), and an 8 MP selfie unit. It will have an aluminum body.

 

Nokia 8, Nokia 9 Processors Leaked; Nokia 2 Budget Phone Seemingly in the Works

 

HIGHLIGHTS

  • Nokia 2 tipped to either pack Snapdragon 202 or MediaTek SoC
  • Nokia 9 has been tipped to come with Snapdragon 835 SoC
  • The leak reportedly comes from a trusted source

While we are still waiting for the announcement of HMD Global’s often-leaked flagship Nokia 9, a new leak has reportedly revealed the processors on the entire range of Nokia smartphones that will come out in 2017, such as the long-rumoured Nokia 8 and Nokia 9. While some of the processors fall in line with earlier leaks, the new information suggests that the company will also be launching a budget smartphone, named Nokia 2, later this year as well.

As per the leaked information, provided by a tipster on Chinese website Baidu, Nokia 7, Nokia 8, and Nokia 9 will be powered by Snapdragon 630, Snapdragon 660, and Snapdragon 835 SoCs respectively, points out NokiaPowerUser.Nokia 8, Nokia 9 Processors Leaked; Nokia 2 Budget Phone Seemingly in the Works

While we already know about the processors on the already released Nokia 3, Nokia 5, and Nokia 6, the new leak suggests the presence of a budget segment Nokia 2 smartphone that will either feature a Snapdragon 202 SoC or a MediaTek processor.

As you might recall, the Nokia 9 has already been tipped to pack the Snapdragon 835 SoC in previous leaks. Notably, the recently leaked cases for the smartphone also reaffirmed the presence of a dual camera setup and indicated that it will come with a curved design.

In other specifications, the Nokia 9 flagship is expected to run Android 7.1.1 Nougat out-of-the-box and sport a 5.3-inch QHD (1440×2560 pixels) display. The smartphone has been tipped to be powered by Snapdragon 835 SoC coupled with a maximum of up to 8GB of RAM. The Nokia 9 has been tipped to come with 64GB of built-in storage.

 

Samsung Galaxy On Max first impression: Will give you sharp photos even in near-dark conditions

Priced at Rs 16,900, the phone has a 5.7-inch, full-HD display and runs on Android 7.0 Nougat.

KHIMSAR (RAJASTHAN): As the battle for the best low-light camera in a smartphone heats up, Samsung has launched its Galaxy On Maxdevice that has f/1.7 aperture for clicking sharp photos even in near-dark conditions.

Priced at Rs 16,900, the USP of the phone is its “flagship” 13MP camera (both front and rear) with the rear shooter having f/1.7 aperture which allows users to click good-quality photos irrespective of light conditions.

With the launch of this camera-oriented device, Samsung is poised to give tough competition to the Chinese players whose devices boast of several camera features and modes that have given them the upper hand in the mid-segment market.

To experience the camera technology, we had a chance to shoot pictures during a moon-lit night in the picturesque sand dunes in Rajasthan’s Khimsar town which falls under Nagaur district.

Coupled with the f/1.7 aperture, Samsung’s improved camera algorithm captured clear photos with minimum grains.

The photos clicked during the low-light conditions at sunset came well-lit. The shutter response and autofocus were good.

Moreover, the professional mode allowed us to alter the texture and style of the image. Adjusting the ISO sensitivity and white balance yielded splendid results.

Silhouettes can be shot beautifully by keeping the camera exposure to its minimum level (-2) and ISO at 100.

The camera app has Live Stickers and Instant Sharing mode. This allows users to share images on Facebook and Instagram in a jiffy.

As far as the 13MP front-facing camera (with aperture f/1.9) is concerned, Samsung has included an LED flash which allows the users to click well-lit selfies.Image result for Samsung Galaxy On Max first impression: Will give you sharp photos even in near-dark conditions

Galaxy On Max has 5.7-inch, full-HD display, is powered by 4GB RAM with 32GB storage expandable up to 256GB and runs on Android 7.0 Nougat. The home button doubles up as a fingerprint sensor.

The device features an all-metal unibody design and the display has 2.5D curved glass. It has connectivity options such as Wi-Fi, GPS, Bluetooth and 4G/LTE with VoLTE-HD voice calling support.

The smartphone packs the “Samsung Pay Mini” platform with Unified Payments Interface (UPI) and Paytm integration.

Housing a 3,300mAh battery, the device can be purchased from Flipkart.

Conclusion: At Rs 16,999, Galaxy On Max gives close competition to devices like Moto G5 Plus, Nokia 6, Honor 8 and Asus Zenfone 3. But when we look at camera capabilities, the phone has a definitive edge.

Nokia 3, Nokia 5, Nokia 6, Nokia 3310 Price, Release Date Revealed as UK Pre-Orders Start

 

The new Nokia 3310 was launched alongside the eagerly-anticipated Nokia Android phones Nokia 3, Nokia 5, Nokia 6 at MWC 2017. Though the prices of the four Nokia phones were announced at the event, there was no concrete release date except the promise of a Q2 launch. In fact, most markets across the globe are still awaiting the Nokia 3, Nokia 5, Nokia 6, Nokia 3310 price and release dates to be official announced by HMD Global, the company behind the resurrection of Nokia’s smartphones. However, the wait might just end soon as the release date and price of new Nokia 3310 and three Nokia Android phones have been revealed in the UK by a retailer.

UK retailer Clove has listed HMD Global’s Nokia-branded Android phones – Nokia 3, Nokia 5, Nokia 6, – and Nokia 3310 (2017) on its website for pre-orders. While Nokia 3 and Nokia 5 are going to be available on June 30 at a price of GBP 149.99 (roughly Rs. 12,490) and GBP 189.99 (roughly Rs. 15,820) respectively, Nokia 6 has an unspecified date with a time frame of just June, as listed on the website. Nokia 6 will sell for GBP 229.99 (roughly Rs. 19,150) and the Nokia 3310 (2017) is priced at GBP 59.99 (roughly Rs. 5,000) with a release date of mid-June.Nokia 3, Nokia 5, Nokia 6, Nokia 3310 Price, Release Date Revealed as UK Pre-Orders Start

To recall, Carphone Warehouse was the first store in UK to open pre-orders for the Nokia 3310 (2017), and it said that it saw ‘unprecedented’ demand for the phone. The feature phone was also set to release in Germany and Austria this week, but the retailer later changed the availability date. Interestingly, the device carried a higher price tag (around EUR 56) than company’s recommended price of EUR 49 (roughly Rs. 3,400) in the listings, and the price has further been increased since then. Guess we’ll have to wait for official word from HMD Global to have clarity on this subject.

HMD Global earlier this month confirmed that all new Nokia phones will hit 120 markets at an ‘affordable price’ in this quarter. It will be interesting to see whether the availability of Nokia 3, Nokia 5, Nokia 6, and Nokia 3310 (2017) in other markets will follow the UK launch, which is slated for the very end of this quarter.

 

Samsung Galaxy S8 Facing Random Restart Issues, Some Users Report

 

There seems to be no end to early issues related to Samsung’s latest Galaxy S8 and Galaxy S8+ smartphones. Some Samsung Galaxy S8 and Galaxy S8+ users in the US are reporting random restarts. Additionally the fix for the red tint display issue, which was widely reported by Samsung Galaxy S8 and Galaxy S8+ users, is now rolling out to more regions.

Several Galaxy S8 and Galaxy S8+ users took to the company’s official forum and XDA Developers forum thread to report the issue. One of the users wrote, “I’m getting the same problem on my S8 standard. Randomly, the screen will have some artefacts appear (nearly always on the bottom) then it just restarts. Happens in safe mode too so it doesn’t appear to be an app causing it. Phoned Samsung and they told me to send it back to the retailers and ask for a replacement.”Samsung Galaxy S8 Facing Random Restart Issues, Some Users Report

Notably, the first issue was reported by a user who just took out the Samsung Galaxy S8, and was setting it up for the first time. The user wrote in the community forum, “So I picked up my Galaxy s8 and everything seems to be working well except the phone keeps restarting itself. I have had it for about 10 hours now and it has already restarted 7 times while I was using it. It happens when I’m using an app like the camera or Samsung Themes and it doesn’t matter if the phone is charging or not. All of a sudden the app freezes, the screen shuts off, and a few seconds later it restarts. Is anyone having the same problem or know of any solutions?”

Samsung Galaxy S8+ users are reporting facing the random restart issue as well. One of the temporary fixes making the rounds in threads is to remove the microSD card from the device. Some Galaxy S8 users however claim that they never inserted a microSD card in their units. Unfortunately, Samsung is yet to officially acknowledge the issue.

In separate news, Samsung has started rolling out the fix for red tint display issue reported by Samsung Galaxy S8 and Galaxy S8+ users. Last week, the software patch fixing the bug that caused red tint issue was being rolled out to users in South Korea. The company, however, now seems to have expand the availability to more markets. According to Sammobile, Samsung Galaxy S8 users in Turkey and the UK are receiving the fix while Galaxy S8+ users in Germany and Turkey are receiving the same fix.