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What you need to know: This weblog captures key data points about the global telecoms industry. I use it as an electronic notebook to support my work for Pringle Media.

Thursday, April 16, 2009

Nokia Sees Market Stabilising

Nokia said it expects the industry to ship the same or slightly more mobile devices in the second quarter of 2009 as the 255 million shipped in the first quarter. However, the Helsinki-based company said it still expects industry mobile device shipments to be down 10% in 2009 compared with 2008.

Nokia Siemens Networks now expects the telecoms infrastructure and related services market to decline approximately 10% in euro terms in 2009 compared with 2008. It had forecast a decline of 5% or more.

In the first quarter of 2009, Nokia's revenues fell 27% to 9.28 billion euros as distributors ran down their handset stocks. The company's devices and services business recorded a 33% decline in sales despite a 79% increase in revenues from selling services to mobile phone users to 150 million euros. Nokia Siemens Networks' revenues fell 12%.

Nokia also said that industry smartphone shipments were 36 million in the first quarter of 2009 compared with 33 million in the same period in 2008. But its own smartphone shipments fell from 14.6 million to 13.7 million. source: Nokia statement

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