Nokia Feels the Squeeze
619830
BusinessWeek Online - The Finnish cell phone heavyweight Nokia  said Nov. 28 that it's expecting lower profit margins during the coming years as it starts up a new joint venture with Germany's Siemens . But Nokia is also victim to global trends affecting other cell phone companies.
70032
Nokia (NYSE: NOK) is targeting enterprise and consumer customers with a lighter, slimmed-down version of its 9300 Communicator  smartphone, which will be launched worldwide at the beginning of 2004.
416607
Nokia was a leading gainer Wednesday as European stock markets clawed back some of the steep losses from the previous session.
20040
Shares of Nokia  are likely to extend gains as the world's leading cell phone maker expands its share of the growing global market, financial newspaper Barron's reported in its September 17 edition.
137914
Nokia OYJ reported a 20 percent drop in third-quarter profits on Thursday, citing disappointing mobile phone sales that will likely put a damper on fourth-quarter results as well.
738942
Nokia, the world's top cellphone  maker, reported a 57 percent rise in earnings per share in the  October-to-December quarter, with booming demand in emerging  markets boosting its global market share to 40 percent.
358689
Nokia Corp. on Tuesday cut its operating margin targets, blaming increased exposure to the network infrastructure business. It also predicted global sales of mobile phones would grow by 10 percent in 2007.
502220
Despite falling prices, Nokia squeezes out profits on sales of 106 million handsets in the fourth quarter of 2006.
116406
InfoWorld - A U.K. startup specializing in offering Internet telephone service via certain Nokia Wi-Fi enabled cellphones is making few friends with mobile operators, signalling tension ahead in the high stakes mobile phone industry.
641168
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.
259611
MOBILE phone giant Nokia has reported a drop in third-quarter profits after cutting handset prices to win back market share, but said sales had picked up.
71721
Nokia, the world's leading mobile phone maker, posted Thursday an 85 percent rise in third quarter net profit to 1.56 billion euros (2.22 billion dollars) even though mobile phone sales were only up by three percent.
588507
Nokia, the world's largest mobile-phone maker, has lowered its profitability targets in spite of rising sales, highlighting the growing difference in its performance with that of rival Ericsson.
756417
Nokia&#39;s N-Gage QD addresses many of its predecessor&#39;s problems, but it&#39;s still a big phone. Nokia&#39;s N-Gage gaming cell phone was the Gigli of the tech world when it first came out last year.
735005
Nokia unveiled a mobile phone for  business users on Thursday that incorporates a camera with a  megapixel resolution, beefing up a patchy handset portfolio  that has cost it market share.
491827
Nokia Corp. , the world's dominant cellphone maker, is positioning itself to compete against the likes of MySpace, iTunes, and Google, and is anchoring a key part of its new business in the Back Bay.
383069
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.