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Nokia earnings drop 30% in Q3, forcast strong

By: , IntoMobile
Thursday, October 16th, 2008 at 6:49 AM

Nokia Nokia’s quarterly earning report made today was a little less than sparkly. Earnings dropped little under a half-billion euros, market share was down 2%, and total sales were down 5%, which isn’t all that bad considering they’re up 5% year-on-year. Overall, Nokia is looking to raise their volume 10% before the end of the year, which seems entirely likely with the XpressMusic 5800 Tube coming out soon and rumours of touchscreen devices galore for the near future. The numbers may be lukewarm, but I think everyone feels pretty confident that Nokia will do just fine in the long run.

[Nokia via MarketWatch]

About The Author

Simon Sage

Simon Sage’s education largely surrounded writing, technology and online community, leading him to begin his blogging career at www.BlackBerryCool.com and to quickly discover a vibrant and active community surrounding BlackBerry and mobile technology. In exploring RIM’s platform, he has learned what enterprises are looking for in mobility as well as what makes the innocuous BlackBerry so appealing to them. Recently Simon’s been covering RIM’s gradual move into an already-crowded consumer market, and the impact of burgeoning challengers, such as the iPhone, as well as long-time leaders, like Nokia, on BlackBerry’s advancement. With plenty of content under his belt, Simon will be branching off a bit to see what other smartphone manufacturers are working on while still using BlackBerry as a barometer. At IntoMobile, you can count on his posts being even-handed, well-informed and thought-out.

  • newtype2011

    Things have been pretty dry for Nokia over the last few months, so it will be interesting to see how things pan out for them as they slowly release the N85, N79, and 5800 -