Nokia’s Q2 2012 is out and as expected it is not rosy. But there are some positives as well which can ensure Nokia’s sustenance in the long run.
- Featurephone sales seems to be bouncing back after dismal decline in first quarter of 2012. 73 million units were sold which is 4% up quarter on quarter.
- Cash reserve is still 4.2 billion euros ($5.2 billion) which is good considering Analysts’ worse expectations.
- Lumia sales exceeded Analyst’s expectations at 4 million units.
- EUR 400 million pre-payments from existing IPR licenses.
- Nokia filed more patents in the first half of 2012 than any previous six month period since 2007.
- 4 out of 5 cars with in-built navigation uses Nokia’s location services.
- Yahoo, Flickr, Bing and more partners are coming on Nokia Location platform.