After the Sony Ericsson results of 2007 now its Nokia. The company came out with their results Q4 2007 results and this time Nokia has gained 40% share of the mobile handset market in Q4 2007. Nokia sold handsets worth 25 billion Euros in the year 2007, which is mere 1% more than what it sold last year.
Some highlights of the quarter:
- Nokia device volumes of 133.5 million units, up 20% sequentially and up 27% year on year.
- Estimated industry device volumes of 336 million units, up 17% sequentially and up 16% year on year.
- Several key devices started shipping in volume across the product range including: Nokia 1200/1208, Nokia 2630, Nokia 5310, Nokia 6500 and Nokia N95 8GB.
This is what the Nokia CEO had to say on Nokia’s performance, “Nokia’s excellent fourth quarter contributed to a year of high growth and increased profitability for the company, while our industry leading product portfolio drove our device business to an estimated 40% market share in the fourth quarter. At the same time we again increased our quarterly device margins, allowing Nokia to continue to invest for innovation and growth.”
Nokia’s take on 2008:
- Nokia expects industry mobile device volumes in the first quarter 2008 to decline sequentially, reflecting normal industry seasonality, following a strong fourth quarter 2007.
- Share will be constant.
- Nokia continues to expect very slight growth for the mobile and fixed infrastructure and related services market in euro terms in 2008.
It seems that Nokia’s popularity is growing day by day and with their new handsets and initiatives planned for the year 2008, the story will not be much different than it was in 2007.
[Highlights, Nokia’s Take and Text in Quotes from Nokia Q4 2007 Results]