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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