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Nokia Q2 Reports Promising Figures

Gordon Kelly

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Nokia Q2 Reports Promising Figures

Nokia may be by far the largest of mobile phone manufacturer on the planet but even this giant has been suffering in recent times. Despite three successively poor quarters however the Finns have bounced back a little with their latest results...

The bad news is Nokia's Q2 operating profit was down a monstrous 66 per cent on the same period last year to 775m euros with net sales falling 25 per cent to 9.9 billion euros. Yes it sounds hugely depressing but a) remember we're still talking about profit here not loss and b)...

Global market share has actually rebounded somewhat with Nokia back up to 38 per cent - a whopping chunk of all mobile phone sales. Its star handset was the 5800 Xpress Music (pictured) which shipped 3.7m units in Q2 alone and 6.8m units in all. 5m Nokia E71s have also found new homes. Nokia said it doesn't see a further decline in the mobile phone (unlike Sony Ericsson) and expects growth to be flat in Q3. That will however still be 10 per down compared to 2008.

Nokia put in a solid performance in what was another tough quarter," said Nokia CEO Olli-Pekka Kallasvuo. "We increased our share of the global mobile device market sequentially to an estimated 38% and grew our smartphone market share to an estimated 41%. As a result of strong operational execution, underlying operating margins improved sequentially in all segments. Competition remains intense, but demand in the overall mobile device market appears to be bottoming out. As before, we are continuing to tightly manage our operating expenses."

Yep, Nokia's just fine people...

Link:

Press Release

DrDark

July 17, 2009, 7:37 pm

Yay \0/ *hugs E71 in celebration*.


I'm surprised you were able to get up to do some work today though, Gordon :P.

Gordon394

July 17, 2009, 8:14 pm

Wind, rain or shine ;)


Oh Twitter!

Ben

July 17, 2009, 8:34 pm

They're going to start feeling the pinch sooner or later if they don't sort Symbian out! Though they're trying to, and that's noted. I think we're at a pivotal time for Nokia, the competition is intense and I don't think it's clear where Nokia are going to fit in after its rivals are done shaking things up.

Max

July 17, 2009, 10:51 pm

I love how Nokia ship more 5800s that iPhones without the hype and hyperbole that the iPhone gets. How long until it outships the iPhone entirely?





Definitely the fastest selling touch screen phone...

Sleeper

July 17, 2009, 11:16 pm

In fairness the iPhone kind of revolutionised the market so it gets a lot of coverage plus, of course, the US market is still bloody awful so there's not a lot else to write about other than the Pre.





But yeah, if you discount US sales the 5800 beats the iPhone for sales in every other market which given the price and carrier flexibility it absolutely should.

Gordon394

July 17, 2009, 11:25 pm

@Max Power - a few corrections: the iPhone has shipped more than 10m units and the 5800 is vastly cheaper ;)

rav

July 18, 2009, 12:38 am

How come everyone berates Symbian but loves the E71?

farki80

July 18, 2009, 12:50 am

5 million E71!? Wow that is brilliant for an enterprise phone.

farki80

July 18, 2009, 4:03 pm

Who's berating Symbian? The OS has the largest marketshare of smartphones (close to 50%).

DrDark

July 20, 2009, 3:33 pm

I think Symbian's luverly :).

rav

July 21, 2009, 5:50 pm

@farki80


windows has an evern larger marketshare but vita's always being put down and the minority os players are widely touted (correctly or not) as superior.





in general symbian and winmo do seem to be the whipping boys of the mobile os world.

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