I posted Tomi Ahonen's blog link above before having read
it. Turns out he
was rushing off to catch a plane and it
didn't have as many details as I would
have liked. For more
details see Nokia woes
mount from the Guardian or Nokia disappoints with deep loss, slumping sale from
Yahoo
Finance.
Nokia's results were disastrous, but you wouldn't realize
that
from reading the NYT or the WSJ. The third quarter can
only be worse, as I
would imagine sales will come to a
complete standstill as consumers realize the
Nokia WP7
phones are now a dead end, and a new iPhone is expected
shortly. On
top of that we have several very successful new
products from Samsung and
Google. Nokia is already writing
of phones and shipping them to the dump, as I
understand
from reading their Q2 2012 Interim Report
This, too was gleaned from the annual
report: It appears
that Nokia is basically getting the Microsoft OS for free.
They have such close relationship with Microsoft no wonder
they are dumping
Meego. Microsoft must be calling the shots.
Our agreement
with Microsoft includes platform support
payments from Microsoft to us as well
as software royalty
payments from us to Microsoft. In the second quarter 2012,
we received a quarterly platform support payment of USD 250
million
(approximately EUR 196 million). Under the terms of
the agreement governing the
platform support payments, the
amount of each quarterly platform support
payment is USD 250
million. We have a competitive software royalty structure,
which includes annual minimum software royalty commitments.
Minimum software
royalty commitments are paid quarterly.
Over the life of the agreement, both
the platform support
payments and the minimum software royalty commitments are
expected to measure in the billions of US dollars. The total
amount of the
platform support payments is expected to
slightly exceed the total amount of
the minimum software
royalty commitments. In accordance with the contract
terms,
the platform support payments and annual minimum software
royalty
commitment payments continue for a corresponding
period of
time. [ Reply to This | Parent | # ]
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