Friday, January 27, 2012
Nokia's Sales Plummet in Europe
Nokia said its group net sales fell 19% year-on-year in constant currencies to 10 billion euros in the fourth quarter, following a 26% decline in sales in its devices and services division. Nokia said the decline was "driven by significantly lower smart devices volumes. Mobile phones volumes were approximately flat year-on-year."
Nokia added: "The year-on-year decline in our smart devices volumes in the fourth quarter 2011 continued to be driven by the strong momentum of competing smartphone platforms relative to our Symbian devices in all regions, particularly in Europe. On a sequential basis, the increase in our smart devices volumes in the fourth quarter 2011 was primarily driven by the broader availability throughout the quarter of the Nokia N9 and the shipments during the quarter of the Nokia Lumia 800 and 710 in selected markets, as well as increased seasonal demand for our devices." Nokia's Lumia range runs Microsoft's Windows Phone operating system.
Stephen Elop, CEO of Nokia, said: "In the war of ecosystems, clearly there are some strong contenders already on the field. And with Lumia, we have demonstrated that we belong on the field."
Nokia Siemens Networks' net sales, at constant currencies, fell 5% year-on-year despite the acquisition of Motorola Solutions networks assets. Excluding the acquired Motorola Solutions networks assets, reported net sales would have decreased by 11% year-on-year. source: Nokia statement
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