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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, October 15, 2009

Nokia's Industry Outlook Improves

Nokia said its sales in the third quarter fell 19% year-on-year at constant currencies to 9.8 billion euros following a 8% fall in device shipments to 108 million units and a 20% fall in sales at Nokia Siemens Networks. Nokia's sales fell 24% year-on-year in the second quarter of 2009.

Nokia estimated its share of the converged mobile device (smartphone) market was 35% in the third quarter 2009, at the same level as in the third quarter 2008 and down from 41% in the second quarter 2009.

Nokia also said it expects industry mobile device volumes to be approximately 1.12 billion units in 2009, down 7% from 1.21 billion units in 2008 - better than the 10% fall it had predicted. It also expects the mobile infrastructure and fixed infrastructure and related services market to decline approximately 5% in euro terms in 2009, rather than the 10% decline it had expected. source: Nokia statement

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