Nokia Corp. noted far better than anticipated first-quarter revenue Thursday but its global market place share dropped to below 30 % for the initial time in about a decade as the world's top rated cellphone maker continued to eliminate ground to rivals.
The Finnish company's web revenue in January through March fell euro5 million to euro344 million ($499 million) from a 12 months previously. Revenue grew 9 % to euro10.forty billion.
The company's reveal value climbed a number of % as markets had predicted a better fall in earnings and decrease income, but closed almost unchanged at euro5.96 ($8.65) on the Helsinki Stock Exchange.
The Finnish firm has faced stiff competitors in recent years in the high-end sector, especially from Apple Inc.'s iPhone, Android-based handsets and Study in Motion's Blackberry.
Nokia marketed 24 million smartphones from the time period, 13 % a lot more than in 2010, but its market reveal for your devices plunged to 24 percent from 39 percent a yr previously, in accordance to Strategy Analytics marketplace research.
The company's total international market place share also fell - to 29 %, its lowest level considering that the late 1990s. A year back its complete market place share was 33 % and 31 % from the preceding quarter.
Nokia offered 108.five million devices within the 1st quarter, over the Technique Analytics estimate of 105 million, as well as the common promoting price tag of its handsets continued its progress to euro65, from euro62 a yr before, indicating it is selling far more top rated, costly models.
"Volumes have been greater than expected and pricing was more powerful," said Neil Mawston, an analyst at Technique Analytics . "But it is obvious that competitors continues to be tough."
Mawston explained Nokia can expect "bumpy revenues and income for your up coming few of quarters," as its not long ago announced linkup with Microsoft Corp. comes onstream.
CEO Stephen Elop said Nokia has now signed a "definitive" offer with Microsoft Corp. to develop computer software for smartphones "and that product design and engineering operate was "well underneath way."
The partnership, 1st introduced in February, will make Windows Telephone application the main platform utilised in the Finnish company's smartphones
Elop didn't say once the Nokia Windows mobile phone could be released. But he said that "devices that take advantage with the Windows phone platform will be shipping in volumes in 2012, and there is certainly strain
"In recognition of your unique nature of Nokia's agreement with Microsoft and also the contributions that Nokia is delivering, Nokia will acquire payments measured from the billions of dollars," Nokia explained.
Elop didn't say once the Nokia Windows mobile phone would be introduced, but additional that "devices that consider advantage of the Windows phone platform will likely be shipping in volumes in 2012."
Describing the very first quarter as "remarkable," he mentioned the company will face "a more tough 2nd quarter," because it goes by way of a restructuring time period with Microsoft.
Nokia explained the tsunami and earthquake in Japan had disrupted the provide of some parts linked to Japanese suppliers and would effect its benefits inside the 2nd quarter.
Dealing with fierce competition, Nokia has lost its placement as the industry's innovative leader and the company's stock dipped to a 13-year low of euro5.60 in March.
On the stop of very last yr its Symbian platform was surpassed by Android as the world's No. one smartphone computer software, according to Canalys study firm.
On Thursday, Method Analytics said Apple had overtaken Nokia in the initial quarter to become the world's biggest handset vendor in revenue terms, promoting a report 18.six million iPhones.
Nokia, an Espoo-based organization near Helsinki, employs 132,500 folks.
The Finnish company's web revenue in January through March fell euro5 million to euro344 million ($499 million) from a 12 months previously. Revenue grew 9 % to euro10.forty billion.
The company's reveal value climbed a number of % as markets had predicted a better fall in earnings and decrease income, but closed almost unchanged at euro5.96 ($8.65) on the Helsinki Stock Exchange.
The Finnish firm has faced stiff competitors in recent years in the high-end sector, especially from Apple Inc.'s iPhone, Android-based handsets and Study in Motion's Blackberry.
Nokia marketed 24 million smartphones from the time period, 13 % a lot more than in 2010, but its market reveal for your devices plunged to 24 percent from 39 percent a yr previously, in accordance to Strategy Analytics marketplace research.
The company's total international market place share also fell - to 29 %, its lowest level considering that the late 1990s. A year back its complete market place share was 33 % and 31 % from the preceding quarter.
Nokia offered 108.five million devices within the 1st quarter, over the Technique Analytics estimate of 105 million, as well as the common promoting price tag of its handsets continued its progress to euro65, from euro62 a yr before, indicating it is selling far more top rated, costly models.
"Volumes have been greater than expected and pricing was more powerful," said Neil Mawston, an analyst at Technique Analytics . "But it is obvious that competitors continues to be tough."
Mawston explained Nokia can expect "bumpy revenues and income for your up coming few of quarters," as its not long ago announced linkup with Microsoft Corp. comes onstream.
CEO Stephen Elop said Nokia has now signed a "definitive" offer with Microsoft Corp. to develop computer software for smartphones "and that product design and engineering operate was "well underneath way."
The partnership, 1st introduced in February, will make Windows Telephone application the main platform utilised in the Finnish company's smartphones
Elop didn't say once the Nokia Windows mobile phone could be released. But he said that "devices that take advantage with the Windows phone platform will be shipping in volumes in 2012, and there is certainly strain
"In recognition of your unique nature of Nokia's agreement with Microsoft and also the contributions that Nokia is delivering, Nokia will acquire payments measured from the billions of dollars," Nokia explained.
Elop didn't say once the Nokia Windows mobile phone would be introduced, but additional that "devices that consider advantage of the Windows phone platform will likely be shipping in volumes in 2012."
Describing the very first quarter as "remarkable," he mentioned the company will face "a more tough 2nd quarter," because it goes by way of a restructuring time period with Microsoft.
Nokia explained the tsunami and earthquake in Japan had disrupted the provide of some parts linked to Japanese suppliers and would effect its benefits inside the 2nd quarter.
Dealing with fierce competition, Nokia has lost its placement as the industry's innovative leader and the company's stock dipped to a 13-year low of euro5.60 in March.
On the stop of very last yr its Symbian platform was surpassed by Android as the world's No. one smartphone computer software, according to Canalys study firm.
On Thursday, Method Analytics said Apple had overtaken Nokia in the initial quarter to become the world's biggest handset vendor in revenue terms, promoting a report 18.six million iPhones.
Nokia, an Espoo-based organization near Helsinki, employs 132,500 folks.
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