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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 21, 2010

Nokia Sees Flattish Fourth Quarter Ahead

Blaming industry-wide component shortages, particularly in the low end of the market, Nokia said its net sales declined 1% year-on-year, in constant currencies, in the third quarter of 2010 to 10.3 billion euros. Nokia added that it now expects its mobile device volume market share to be slightly down in 2010, compared to 2009.

Nokia said its shipments of smartphones and mobile computers rose 61% year-on-year to 26.5 million units in the third quarter, while sales at Nokia Siemens Networks were flat year-on-year at 2.9 billion euros in constant currencies.

In the fourth quarter, Nokia expects net sales in its Devices & Services division to be between 8.2 billion and 8.7 billion euros compared with 8.18 billion euros in the same period of 2009.

Nokia expects Nokia Siemens Networks’ net sales to be between 3.4 billion and 3.8 billion euros in the fourth quarter of 2010 compared with 3.63 billion euros in the fourth quarter of 2009. source: Nokia statement

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