Thread: Nokia on the brink of failure
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Creamy Goodness is offline Creamy Goodness
2012-04-12 , 17:37
Posts: 1,463 | Thanked: 1,916 times | Joined on Feb 2008 @ Edmonton, AB
#7
Originally Posted by Maemomd View Post
I am hoping that they can survive this, but their on hand cash is dwindling. They are losing money per lumia set, and the problem is each lumia 900 costs more than a 4S to manufacture. Analysts are saying 5 months to turn around, hope they are wrong.
There's about a $10 difference in cost to manufacture. Only reason they're losing money is the temporary discounts. They have enough cash to do this game another 2 years...
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