Nokia's Cash Cushion
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The promise of a buyback, not the latest earnings report, is holding up Nokia's value.
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Nokia was a leading gainer Wednesday as European stock markets clawed back some of the steep losses from the previous session.
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Mobile phone maker Nokia reports a smaller-than-expected drop in earnings following strong demand over Christmas.
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Motorola or Nokia: Which one is this Fool's newest flame?
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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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Nokia reported a 44 percent rise in net profit for the fourth quarter, on sales that increased 34 percent. The company estimates 1.14 billion phones were sold in 2007, 40 percent of them bearing the Nokia brand.The company made net profit for the quarter of &#8364;1.84 billion ($2.7 billion as of Dec. 31, last day of the period reported), up from &#8364;1.27 billion a year earlier.Sales for the quarter rose to &#8364;15.7 billion from &#8364;11.7 billion a year earlier. Growth was dampened by the weakening dollar: at constant currency rates, sales would have grown by 40 percent, the company said.Nokia is counting on its&#160;acquisition of digital mapping data provider Navteq, and its move into the Internet services business, to drive future growth, Chief Financial Officer Rick Simonson said in a conference call with analysts.Basic mobile phones sales now account for less than half the group&#39;s revenue, down from 60 percent a year earlier. Although sales volumes increased, the average selling price of such phones dipped from &#8364;89 to &#8364;83.Around the world, shipments in the quarter increased 26.5 percent, with growth topping 40 percent in Asia. Growth could have been faster were it not for shortages of certain components, Nokia said. Sales fell in North America, Nokia&#39;s smallest geographic market, where shipments dropped 13.6 percent to 5.1 million phones. Nokia blamed the drop on its progressive withdrawal from the market for phones based on CDMA technology, used mainly in North America, to focus on the GSM technology used worldwide.Nokia&#39;s multimedia division saw a 42 percent increase in sales, to &#8364;3.03 billion, and a doubling of operating profit, driven by the success of consumer smartphones such as the N73 and N95, which the company describes as &quot;multimedia computers.&quot; It shipped over 11 million Nseries devices and over 2 million of its Eseries enterprise devices during the quarter.New phones and multimedia devices that began shipping in volume during the quarter accounted for about 30 percent of profits and revenue, said CEO Olli-Pekka Kallasvuo.The company also saw sales more than double at Nokia Siemens Networks, its network equipment joint venture with German conglomerate Siemens.Looking ahead, the company expects mobile phone sales to dip slightly in the first quarter, picking up to grow 10 percent for the full year. It also expects its share of that market to grow, although average selling prices will likely continue to decline, it said.&quot;Much work remains in order to realize our ambitions,&quot; Kallasvuo said. &quot;We will not underestimate the competition.&quot;Nokia will have to address its problems in North America if it wants to increase its share of the mobile phone market further, said Gartner research vice president Carolina Milanesi.The company is working with U.S. operator&#160;Sprint Nextel to build a nationwide WiMax network, but Milanesi does not expect sales of WiMax devices to compensate for the company&#39;s falling CDMA market share during 2008.&quot;It&#39;s not going to happen overnight,&quot; Milanesi said.Simonson found a silver lining to the cloud over Nokia&#39;s performance in North America: with such a small share of the U.S. market, the company has little exposure to the country&#39;s economic troubles.
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Nokia Corp. reported a 20 percent decline in net profit for the third quarter on Thursday, due largely to cuts it made in the prices for its mobile phones. The Finnish handset manufacturer predicted that earnings would fall again in the fourth quarter.
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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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How its customers and channel will 'knife the baby' At times you can feel sorry for Nokia. The company is damned when it dares to plan for the future, and it's damned if it doesn't.â¦
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Finland's Nokia (NOK1V.HE),  the world's top cell phone maker, on Tuesday unveiled a pair of  media phones and a music service in a bid to increase revenue  and win back popularity lost to rivals.
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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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Nokia said Thursday its third-quarter revenue and profits would be better than expected, citing an increase in mobile phone sales. The news pushed its shares up nearly 6.5 percent in trading.
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Phones? They're what phones will become Exclusive Nokia is one of the world's best known brands, and spends a lot of money keeping it that way. The Finnish giant splashed out Â£175m ($340m) on advertising alone last year.â¦
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Nokia, the world's largest cell phone maker, reported lower third-quarter earnings on Thursday after cutting prices to claw back market share, but said sales were strong as it enters the key Christmas season.
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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 Nokia&#39;s purchase last week of Enpocket is yet another sign that the Finnish company plans on becoming much more to consumers than a seller of cell phones and multimedia devices.
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The Finnish group Nokia was the world's leading provider of mobile telephones in the third quarter, capturing 35.1 percent of the market after 32.5 percent in the same period last year, a study by the Gartner institute has revealed.