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Thursday, January 28, 2010

Nokia quarterly results show increased market share

NokiaNokia's quarterly results are out today. Net sales were down 5% year-on-year to 12 billion Euro (£10.3 billion) but up 22% on the previous quarter. However, sales volumes were up to 126.9 million units – a 12% increase on Q4 2008 and a 17% increase on Q3 2009 – while profits were up substantially and average selling prices also increased slightly. The company says it now has a mobile device market share of 39%, up from an estimated 37% in Q4 2008 and 38% in Q3 2009.

Olli-Pekka Kallasvuo, Nokia CEO, said "We grew our market share in smartphones in the fourth quarter, driven by the successful launch of new touch and QWERTY models. Our performance in smartphones, combined with continuing success in the emerging markets, helped us increase sales in our Devices & Services unit, both quarter-on-quarter and year-on-year. Our solid results also owe a good deal to world class supply chain management and impressive sales execution."

"Our focus remains firmly on execution, especially around user experience. Here I want to highlight our move to shake up the navigation market with free walk and drive navigation on our smartphones, a good example of how we are leveraging our assets to bring real benefits to consumers."

Nokia says it expects industry mobile device volumes to be up approximately 10% year-on-year in 2010 and thinks it'll maintain its market share. [PDF results]

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