Nokia Q4 2009 results, smartphone world market share up 5%

Nokia has released their Q4 2009 results, reporting an operating profit of EUR 1.141 billion, with net sales EUR 12 billion (down 5% YoY). Nokia's device and service division's profits were EUR 1.14 billion, up 130% year on year. Margins in devices and services were 14.9% (up 5.5% YoY and 3.5% QoQ). Converged devices sales (smartphone) were 20.8 million, compared with 15.1 million units in Q4 2008 and 16.4 million units in Q3 2009. As such, worldwide converged device ('smartphone') marketshare increased from 35% to 40% sequentially.

The results are significantly ahead of market expectations, with Nokia's share price up 10% since yesterday.

Olli-Pekka Kallasuvo, 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.
I was also pleased with Nokia Siemens Networks' performance in Q4, especially considering the ongoing challenging conditions in the infrastructure market. That performance enabled it to turn in a full year profit on an operative basis.
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."

Points of interest  

Nokia Smartphone Shipments over time

Nokia smartphone shipments over the last two and half years.

Notes from the conference call

See also

Nokia Results

Earlier results: Q3 2009, Q2 2009, Q1 2009, Q4 2008, Q3 2008, and Q2 2008

Published by Rafe Blandford at 12:24 UTC, January 28th

Section: News
Categories: Industry, Editorial Thoughts
Platforms: General, S60 3rd Edition, S60 5th Edition, General