The struggling Finnish mobile phone maker Nokia Corporation (NYSE:NOK) is scheduled to announce its third quarter results on Thursday, October 18, 2012 at 1 pm Finnish Time (CET+1). The company will hold a separate conference call for analysts at 3 pm Finnish Time. Later it will make available a webcast of the conference call at http://investors.nokia.com/.
In the stock exchange release, Nokia Corporation (NYSE:NOK) will only provide a summary of its interim reports. This release will have only quarter-specific link to the interim reports in PDF format. You will find the complete Q3 interim report with tables – Here. The company is urging investors not to completely rely on the summaries of internal reports, saying that they should also review the full interim report with tables. The company’s past annual and quarterly financial reports – Here.
A research team at Credit Suisse expects Nokia sales to decline 12 percent on a quarterly basis and 26 percent on the yearly basis to € 6.63 billion. Credit Suisse says that the WP8-based Lumia 920 is likely to lag in competition behind Apple’s iPhone 5 and Samsung’s Galaxy S3. In the third quarter, the Finnish handset maker is expected to ship 78.6 million devices.
The company is trying hard to make a big comeback. That’s why despite the lukewarm response to its Lumia smartphones, Nokia Corporation (NYSE:NOK) is aggressively tying up with the telecom operators across the globe. Telecom operators have also showed confidence in the company, as they agreed to promote and sell the Lumia smartphones despite comparatively higher prices. The company expects to ship smartphones to over 100 carriers by the first quarter of 2013.
These strong ties may benefit Nokia Corporation (NYSE:NOK) to a certain extent, but not in the third quarter. The relationships with carriers will turn useful in the long term. By the time other smartphone markers will start using Windows Phone 8, Nokia would have established strong ties with most of the carriers. Thus, a major part of WP8-based smartphone sales will be from Nokia stable.