The world's leading mobile phones, Nokia, announced Thursday, 27 January a further drop of 21% of its profits in the fourth quarter, after a 2010 where he struggled to turn the tide against the competition of Apple and Android smartphones. Between October and December, net income for the phone giant has dropped to 745 million euros against 948 million a year earlier, while turnover rose 6% to 12.65 billion euros according to its annual report.
"The growth trend in mobile phones continues to be encouraging," the report says the new CEO, Canadian Stephen Elop, but Nokia is facing significant challenges to our competitiveness and performance "of its projects. The Finnish giant, which employs a total of 132,400 persons against 123,600 a year ago, believes that its global market share fell last year to 32%, against 34% in 2009, with 123.7 million phones sold .
Outside China (+ 24% to 21.9 million units), all regions are down in volume, including Europe (- 2%) and Asia-Pacific excluding China (- 9%). DELAY ON SMARTPHONES Nokia has struggled in 2010, analysts said, correcting weaknesses in the segment of smartphones, where he underwent the law of the U.S.
Apple's iPhone, the RIM BlackBerry's Canadian and phones using the system Google's Android operating. It was affected by delays in launch, including that of its new flagship phone, the N8, intended to compete with the iPhone, and he always expected Meego, its new operating system that needs to modernize the current Symbian considered obsolete.
The results are nevertheless better than expected: analysts had forecast for last quarter on a 45% drop in net income to 526 million euros and a small 3% increase in sales to 12.35 billion euros, according to Dow Jones Newswires. But, according to analysts cited by the financial agency, margins and sales were disappointing set by Nokia, which has weighed on the course.
An hour after this announcement, Nokia shares fell, despite the results less bad than expected 6.3% to 7.31 euros on the Helsinki Stock Exchange, due to forecasts of the Finnish deemed unsound for the first quarter 2011. 
"The growth trend in mobile phones continues to be encouraging," the report says the new CEO, Canadian Stephen Elop, but Nokia is facing significant challenges to our competitiveness and performance "of its projects. The Finnish giant, which employs a total of 132,400 persons against 123,600 a year ago, believes that its global market share fell last year to 32%, against 34% in 2009, with 123.7 million phones sold .
Outside China (+ 24% to 21.9 million units), all regions are down in volume, including Europe (- 2%) and Asia-Pacific excluding China (- 9%). DELAY ON SMARTPHONES Nokia has struggled in 2010, analysts said, correcting weaknesses in the segment of smartphones, where he underwent the law of the U.S.
Apple's iPhone, the RIM BlackBerry's Canadian and phones using the system Google's Android operating. It was affected by delays in launch, including that of its new flagship phone, the N8, intended to compete with the iPhone, and he always expected Meego, its new operating system that needs to modernize the current Symbian considered obsolete.
The results are nevertheless better than expected: analysts had forecast for last quarter on a 45% drop in net income to 526 million euros and a small 3% increase in sales to 12.35 billion euros, according to Dow Jones Newswires. But, according to analysts cited by the financial agency, margins and sales were disappointing set by Nokia, which has weighed on the course.
An hour after this announcement, Nokia shares fell, despite the results less bad than expected 6.3% to 7.31 euros on the Helsinki Stock Exchange, due to forecasts of the Finnish deemed unsound for the first quarter 2011.
- Nokia reports weak Q4 earnings, reshuffles board of directors (27/01/2011)
- Video: Nokia Reader Beta demo on Nokia N8 (27/01/2011)
- Nokia smartphone market share shrinks to 31 percent, operating profit takes a beating too (27/01/2011)
- Nokia admits it needs to change faster as marketshare falls (27/01/2011)
- Nokia's Profit Falls 21% (27/01/2011)
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