About this weblog

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.

Friday, June 18, 2010

Nokia Struggles to Get Back to Growth

Nokia said this week that it expects net sales in its devices and services division to be at the lower end of, or slightly below, its previous forecast of 6.7 billion to 7.2 billion euros in the second quarter. Nokia said that the competitive environment, particularly at the high-end of the market, and currency movements meant its average selling price and shipments will both be lower than it had expected.

If Nokia's devices and services sales are 6.7 billion euros in the quarter, that would be an increase of just 2% on the division's sales in the second quarter of 2009.

Nokia said it now expects its share of the global mobile device market, by value, to be slightly lower in 2010, than in 2009. The Finland-based company continues to expect industry mobile device volumes to be up approximately 10% in 2010 and its market share by volume to be flat compared with 2009. source: Nokia statement

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