Nokia: profits increase due to the success of smartphones
The Finnish mobile phone giant, Nokia, has just reported its finnancial results for the fourth quarter of 2009.
Results above expectations
Despite the economic crisis that also affects the area of mobile telephony, it appears that these results are promising, with profits soaring (948 million euro, +64 a year) on the last three quarters of 2009. The world’s leading mobile also manages to win market share, it had increased 37% in the fourth quarter of 2008 to 39% in 2009. The firm has no plan to keep it in the coming months and wants to increase the number of terminals of the brand placed on the market this year by 10%.
Smartphones have contributed to this success
Indeed, the last quarter of 2009, Nokia sold 20.8 million smartphones compared to 15.1 million in the 4th quarter of 2008. This allows the firm to have a market share in this sector which has increased from 35% to 40%.
In sum, Nokia sold 126.9 million mobiles in 2009, representing an increase of 12% a year. However, it is not that easy for the company, whose quarterly revenue was down 5% to 11.99 billion Euros.
It is a satisfying result for the shareholders who benefit from their profits due largely to the success of smartphones.
Note
Nokia also announced the creation of a smartphone division to develop and improve its offering in this segment.
Source: zdnet.fr
FrenchThe Finnish mobile phone giant, Nokia, has just reported its finnancial results for the fourth quarter of 2009.
Results above expectations
Despite the economic crisis that also affects the area of mobile telephony, it appears that these results are promising, with profits soaring (948 million euro, +64 a year) on the last three quarters of 2009. The world’s leading mobile also manages to win market share, it had increased 37% in the fourth quarter of 2008 to 39% in 2009. The firm has no plan to keep it in the coming months and wants to increase the number of terminals of the brand placed on the market this year by 10%.
Smartphones have contributed to this success
Indeed, the last quarter of 2009, Nokia sold 20.8 million smartphones compared to 15.1 million in the 4th quarter of 2008. This allows the firm to have a market share in this sector which has increased from 35% to 40%.
In sum, Nokia sold 126.9 million mobiles in 2009, representing an increase of 12% a year. However, it is not that easy for the company, whose quarterly revenue was down 5% to 11.99 billion Euros.
It is a satisfying result for the shareholders who benefit from their profits due largely to the success of smartphones.
Note
Nokia also announced the creation of a smartphone division to develop and improve its offering in this segment.
Source: zdnet.fr