Nokia sees replacement sales role up in 2007
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Nokia (NOK1V.HE), the world's largest  cell phone maker, expects replacement sales of cell phones to  continue gaining share of the total market in 2007, it said in  its filing with U.S. officials on Monday.
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Nokia Oyj, the world's largest maker of cellphones, said the number of mobile phone subscribers will climb to 4 billion by 2010, spurred by wireless Internet, television, and navigation services.
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Leading mobile phone maker Nokia   said on Thursday it would introduce three new phone  models to its line-up, two of them mid-range and one at the  higher end of the market.
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ESPOO, Finland  - Nokia , the world's  largest cellphone maker, sees content for the wireless Internet  as key to snapping up more mobile phone users, including in  emerging markets, the head of its key unit said on Tuesday.
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Nokia&#39;s share of the mobile phone market edged back up above 30 percent in the third quarter, as global mobile phone sales jumped to 164.
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Analysts at IDC predict annual growth in mobile phone sales will drop below 10 percent this year, casting doubt on Nokia's more upbeat outlook for 2008.
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(InfoWorld) - The number of mobile phone users worldwide will reach 3 billion next year instead of 2008, Nokia said, driven in part by a new trend in emerging markets. For the past year, operators and phone makers have been saying that the bulk of theirÂ future growthÂ will come from areas outside of the increasingly saturated mature markets. Nokia expects that in 2007, several regions, including China, Asia-Pacific, the Middle East, and Africa, will experience 15 percent growth. But Nokia is noticing the surprising trend of growth among customers in emerging markets who are upgrading their phones. Nokia estimates that this year, 52 percent of its sales in emerging markets will come from people who are replacing their phones, said Kai Oistamo, executive vice president and general manager of mobile phones for Nokia. Next year, that figure should grow to 60 percent, Nokia said. Oistamo, along with other senior Nokia executives, outlined the phone giant's strategies for pursuing growth in the next few years during its annual analyst meeting in Amsterdam on Tuesday. Phone users who replace their devices typically opt for higher-priced phones that offer more, Nokia finds, and that's true in emerging markets as well. In India, Nokia found that among buyers of phones that cost over â¬60 ($79), 21 percent were first-time mobile users and 41 percent were replacing existing phones, said Bill Seymour, Nokia's head of investor relations. In addition to a focus on the emerging markets, Nokia will also increasingly pursue mobile Web 2.0 applications. Computer users have demonstrated their interest in creating online content, through the growth of blogs, social networking sites and online video sites. "The significance of this megatrend to Nokia is obvious," said Nokia President and Chief Executive Officer Olli-Pekka Kallasvuo. "We are the key player in bringing this into the mobile environment." Nokia hopes toÂ extend some Web 2.0 applicationsÂ to mobile users and add value to them through location information or other offerings that are unique to mobility, he said. Nokia currently has 850 million users and around half of them have the capability to connect to the Internet, he said. "We can and we will monetize this by embracing the business models that already exist on the Net," he said. Some Nokia customers may soon access Web 2.0 applications from phones with a new design from Nokia. The company will increasingly focus on building very thin phones that don't skimp on functionality, said Oistamo. Motorola recently set off a new trend in ultra-thin phones with its successful Razr and now other phone makers like Nokia are following suit. At the event, Nokia introduced the Nokia 6300, one of its first handsets to exhibit the move toward thin phones. "It's a sneak preview of what else will come out in 2007," Oistamo said. In addition to thin phones, he expects phones that offer location-based services to also be popular next year.
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Growth at Nokia Corp.&#39;s (NYSE: NOK - message board) Networks division continues to keep company net sales afloat, with the Finnish vendor today predicting healthy times ahead for the cellular infrastructure market.
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After a year of slumping sales, world-leading mobile phone maker Nokia reported better-than-expected fourth quarter and full-year 2004 results, prompting hopes that the company is on the road to recovery.
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Global cellphone sales rose to record levels in the second quarter as Nokia clawed back some of its lost market share, according to figures released Thursday.
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Trying to regain some of its lost market share, Nokia Corp. is hoping to woo both enterprise and consumer customers with a lighter, sleeker version of its high-end Communicator
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Nokia Corp., the world's No. 1 mobile phone maker, on Thursday said that fourth-quarter net profit surged 44 percent to $2.6 billion and that it had reached its long-term goal of 40 percent market share in handset sales. The company's stock soared.Finland-based Nokia said that net sales in October through December grew 34 percent to 15.7 billion euros ($22.9 billion), and that it sold more than 133 million handsets _ up 27 percent from the same period in 2006.'Nokia's excellent fourth quarter contributed to a year of high growth and increased profitability for the company,' Chief Executive Olli-Pekka Kallasvuo said. Read more
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Getting on top is part of the battle. Then you have to stay there. After a year that saw its market dominance slowly eroding, Nokia (nyse: NOK - news - people ) is taking action.
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NEW YORK, December 3  - Nokia Corp (NOK.NYS) continued to regain lost market share in the global handset mobile segment for the second consecutive quarter in 3Q, driven by new models and price cuts, according to a study conducted by the
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Nokia&#39;s net profit jumped in the third quarter as the company made up for the falling average selling price of its phones by shipping more of them, the company said Thursday.For the three months ending Sept. 30, net profit increased 85 percent over the third quarter of 2006, to &#8364;1.6 billion ($2.3 billion). Net sales rose 28 percent to &#8364;12.9 billion. Earnings per share rose 90 percent to &#8364;0.40.The company shipped 112 million units, 26 percent more than in the same period a year before. Nokia estimates it holds a 39 percent share of the mobile market.The ASP (average selling price) of mobile phones, however, has fallen from &#8364;90 to &#8364;82, Nokia said. The company said it expects the ASP to continue to decline but volume demand to increase through the end of this year and next.The most dramatic change came from Nokia&#39;s Enterprise Solutions business unit, which includes security appliances and software as well its E Series phones, which are aimed at business users. Operating profit for the unit was &#8364;88 million compared to a &#8364;65 million loss in the third quarter of 2006. Nokia attributed the rise to strong sales of its E65 model.Nokia Siemens Networks reported a 120 percent operating profit decline, which Nokia said was due to restructuring costs and other one-time items. The division, launched in April, is a combination of Nokia Networks and Siemens&#39; carrier-related operations for fixed and mobile networks. Nokia said it has identified &#8364;500 million in savings in combining the two entities that will be realized at the end of 2008.However, sales for Nokia Siemens Networks increased 7 percent over the second quarter of this year, which was the first quarter Nokia reported results for the division.
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Nokia has announced its third quarter results, beating expectations and growing market share, but showing a decline in revenues from mobile phones after a price cuts pushed through in the previous quarter.
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Nokia  hopes to launch six  to 12 new phones customized for North American carriers in  2008, versus three in 2007, as the company aims to improve its  weak market share in the region, said Mark Louison, president  of its North American business, on Wednesday.