Nokia Quarterly Reports Out: Paints a Dismal Picture

Categories: nokia

Nokia has announced its Q4 2010 results and to say that they do not look good would be an understatement. The last quarter was when Nokia undertook several new initiatives on its senior management front. The erstwhile CEO Olli-Pekka Kallasvuo was replaced by Stephen Elop from Microsoft. Ansii Vanjokki, who was thought by many to be the heir apparent to Kallasuvo resigned – reportedly unhappy with the treatment meted out to him. On the handsets front, the company launched the Symbian^3 laden N8 and its little cousin the C7.

As for the overall stats, Nokia currently claims 31% of the worldwide smartphone market share. This is down 9% from the figures from a year back. Simply put, Nokia is losing market share and its happening very fast. In North America where they company hasn’t been traditionally strong, it managed to sell just 2.6 million devices in the last quarter. This number is down 32 percent over the past year when Nokia sold 3.8 million the year before. In Europe, which is Nokia’s hub, sales were down by a marginal 2 per cent.

There were some good bits as well.

In China, Nokia continues to be the biggest player and it increased its sales figure from over 17 million units to over 20 million. Surprisingly, Nokia’s smartphone division has managed to show decent growth even though its growth has been fast outpaced by newer platforms like Android and iOS. “Converged mobile devices” (these are nothing but smartphones!) sales were up to €4.4 billion ($6 billion), a rise of 13 percent on the year-ago €3.9 billion ($5.3 billion). And volumes were up, too: 28.3 million units, a rise of 36 percent year-on-year.

Nokia has admitted that it has several significant challenges to overcome in the months to come. “Nokia faces some significant challenges in our competitiveness and our execution. In short, the industry changed, and now it’s time for Nokia to change faster.”

Would that change include dropping your ego and jumping on to the Android bandwagon, Nokia?

Wishful thinking, eh?

Tags: C7, n8, nokia, Nokia N8, nokia q4, nokia results, smartphones, symbian 3

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Samsung reports Q4 2010 results, confirms dual-core Galaxy S2

Samsung just published its financial report for the last quarter of 2010 and the full fiscal year and things are looking pretty good for the second largest cell-phone manufacturer. The telecom division has generated some $10.9 billion of revenue and $1.3 billion of profit in the last three month alone.

Those numbers represent respectively 19% and 38% increase over the year-ago quarter.

For the full 2010 the company reported a total of $37 billion of revenue and $3.9 of operating profit.

Driven by strong holiday quarter demand for the company's flagship smartphones, Samsung's mobile device sales reached 80.7 million units for the quarter, up 17% over Q4 2009. This brought total sales for 2010 to 280 million units (a 23% percent growth). Samsung also did well in developing markets where their entry-level smartphones and touch-driven devices registered strong sales growth.

Despite the fact that Q1 sales are traditionally lower than Q4, Samsung expects to achieve small growth over the coming three months. The company has confirmed that the Galaxy S successor will pack a dual-core CPU and Super AMOLED Plus display. With its help Samsung hopes to sell over 60 million smartphones this year.

You can find the full report, including the other Samsung divisions, by checking the source link.

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