Topic: Nokia posts £900m loss, told to speed up move to Windows Phone

[Simon]

Analysts have told Nokia it needs to speed up its transition to Windows Phone after posting a loss of more than £900 million.

The results were better than market watchers had feared, prompting a 7% upturn in the company's share price, however declining sales in older Symbian operating system handsets means the move to Microsoft handsets has taken on greater importance.

“The big challenge for Nokia now is that we are seeing a crumbling of demand for Symbian that's in excess of Nokia's predictions and essentially it has to accelerate this transition to Windows Phone and move Windows phones down the line that much faster,” CCS Insight analyst Geoff Blaber told PC Pro.

“We have one million sales for Lumia and that's a start, but that's all it is at this stage - Microsoft and Nokia have said this is a long term commitment that will require a lot more investment before they are anywhere near the point where they are a proper rival to Apple and Google, but the commitment is there.”

Read more: http://www.pcpro.co.uk/news/372457/nokia-posts-900m-loss-told-to-speed-up-move-to-windows-phone

[sam]

Yikes that's a lot

[Simon]

Quite!