Nokia's Lumia Is Selling Well In U.S. But Not So Good Elsewhere
Apr 20, 2012 13:00
Nokia is managing to shift its new Lumia range in the U.S., and that's great news except that its performance elsewhere is less impressive. The company just announced their first quarter financial results and it suffered a $775 million dollar net loss over the period.
Their US sales however, have "exceed expectations" according to Stephen Elop, but other markets are "more challenging", despite a huge marketing campaign.
Nokia sold 11.9 million smart phones during the first three months of 2012, and less than half of the 24.9 million it achieved in the first three months of 2011. Can things get better since the Lumia 900 is out now? [Nokia via The Verge]
Is a return-on-investment in the pipeline already? Facebook may be starting to recoup some money it paid for the photo sharing platform. Ad Age reports that Instagram has inked an ad commitment with Omnicom, a global advertising company, for up to $100 million in ad spend over the course of a year on the social network. Read more
Sea levels are going to rise, but by how much? According to a study that calculates which UNESCO Heritage Sites are at risk, it looks like almost everything is going to be at the bottom of the sea in the future. Read more