Disqus
After Q3 09, when Nokia reported their first loss in over a decade due to a huge write-off for Nokia Siemens Networks, no one thought the company would bounce back. Well they did, and their numbers are looking a hell of a lot better. Between October and December of 2009 Nokia generated almost 12 billion EUR in sales, up 22.2% from Q3 09, but down 5.3% from Q4 08. Operating profit was 1.47 billion EUR, up almost 99% from Q3 09, and up almost 19% from Q4 08. Operating margins rose from 7.6% in Q3 09 to 12.3% this quarter, which is up from the 9.8% margins in Q4 08.
The Finnish company shipped 126.9 million devices, up 12% from this time last year and up 17% from Q3 09. Of those devices, 20.8 million were smartphones, up from 15.1 million a year ago, and up from 16.4 million in Q3 09. Out of those smartphones, 4.6 million were Nokia Nseries models, and 6.1 million were Nokia Eseries models, for a combined total of 10.7 million. That’s up from a combined 8.9 million Nseries and Eseries sales in Q3 09. Nokia estimates that they now own 40% of the smartphone market, up from 35% in Q3 09.
How about North America? Nokia sales are up 22.6% compared to Q3 09, but down 7.3% compared to Q4 08.
Overall a solid Q4. Nokia employees should pat themselves on the back for doing a great job! The stock is up almost 10% in early trading hours.
[Note: I totally didn't wake up early enough to catch the earnings call, which is a shame since the tone of everyone's voice, plus the analyst Q&A session, offer a second perspective that you can't get from reading a press release.]
Update: As for Nokia in 2009, versus Nokia in 2008, the company has 19.2% less sales, 50.2% less operating profit, and their operating margins shrank from a healthy 13.9% to single digits: 8.5%. There’s only one direction the company can go from here now, and that’s up.
About The Author
Stefan Constantinescu
Stefan Constantinescu (@WhatTheBit on Twitter) has loved technology since as far back as he can remember. It started with computers, but in the past few years his passion has turned to mobile devices. As a mobile phone enthusiast who lives and breathes devices that connect to the internet, he knows he is not alone with this radical fascination of all things wireless. He is strongly opinionated and enjoys a good debate so leave comments in his posts and he’ll get back to you! Stefan began blogging as a hobby in the fall of 2006 and joined IntoMobile in the summer of 2007. Later he got a job at Nokia in March 2008, but as of June 2009 he has rejoined the IntoMobile team. He is currently based out of Helsinki, Finland.
-
Mace
-
Jody
