Nokia profits, market share decline in Q4

Thursday 27 January 2011 | 12:04 CET | News
Nokia reported fourth-quarter sales up 6 percent year-on-year to EUR 12.7 billion, while net profit fell 23 percent to EUR 0.20 per share. The company's Devices & Services division performed in line with the company's guidance, with revenues up 4 percent to EUR 8.5 billion and an adjusted operating margin of 11.3 percent. Operating profit at the division was still down 16 percent year-on-year to EUR 1.0 billion. The company shipped 123.7 million phones in the quarter, down 3 percent year-on-year and up 12 percent sequentially. Smartphone sales rose 36 percent from a year ago and were up 7

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Categories: Mobile & Wireless
Companies: Nokia
Countries: World
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Nokia Q1 results meet expectations, sees weaker Q2

Published 21 Apr 2011 12:03 CET | World
Nokia reported first-quarter sales up 9 percent to EUR 10.4 billion, while operating profit fell 10 percent to EUR 439 million. ...

Nokia adopts Windows Phone as main smartphone platform

Published 11 Feb 2011 08:52 CET | World
Nokia is adopting the Windows Phone platform to better compete in the smartphone market with Apple and Google. At its strategy ...

Nokia CEO warns company on 'burning platform'

Published 09 Feb 2011 12:24 CET | World
Nokia's CEO Stephen Elop has warned employees at the handset maker that the company stands on a "burning platform", that will ...

Nokia CEO plans board shake-up - report

Published 07 Feb 2011 09:17 CET | World
Several senior officials on Nokia's group executive board are expected to leave soon as part of a major shake-up by the company's ...

Navteq revenues up, opg loss narrows in Q4

Published 27 Jan 2011 12:57 CET | World
Navteq reported fourth-quarter sales of EUR 309 million, up 37 percent year-on-year and 23 percent higher than in Q3. The growht ...

Nokia Siemens breaks even in Q4 despite stronger sales

Published 27 Jan 2011 12:39 CET | World
Nokia Siemens Networks reported a 9 percent year-on-year increase in fourth-quarter sales to EUR 3.96 billion, driven by growth ...