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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, July 16, 2009

Nokia Lowers Outlook for Market Share

With its mobile device shipments down 15%, Nokia said that its revenues fell 24% year-on-year in constant currency terms to 9.91 billion euros in the second quarter. The average selling price of Nokia's devices fell to 62 euros in the quarter, down from 65 euros in the previous quarter.

Nokia said it had 38% of the global mobile device market in the second quarter and 41% of the global smartphone market. It now expects its market share in mobile devices to be approximately flat in 2009, compared with 2008, instead of rising. It also now expects Nokia Siemens Networks market share to decline moderately in 2009, compared to 2008, rather than remain constant. source: Nokia statement

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