Nokia’s Earnings Fall 90%, Keeps Bleeding Against iPhone, BlackBerry
12:56PM April 17, 2009 | Jesus Diaz
Not only Nokia’s earnings—world’s mobile phone power house #1—have dropped a whooping 90% and won’t recover next quarter, but they have lost 10% of the high-margin smartphone market to the iPhone and Blackberry. Not good. [Bloomberg]
I couldn’t find this 90 percent figure anywhere in the bloomberg article. I can find reference to annual profits being down 120 odd million Euros, but that still puts them at over 1 billion euros a year.
in fact, it even says a few great things like:
“In smartphones, which can run computer-like programs and access the Internet, Nokia’s market share increased to 38 percent in the quarter from 31 percent the previous quarter.”
And that nokia shipped 14 million smartphones this quarter…
I don’t understand this article at all. Is someone trying to pick up some cheap Nokia shares when people temporarily freak out or something? I vaguely remember Engadget posting an “internal apple email” detailing some problem or other some time back and always wondered if they were doing the same thing.
mr-crash
April 17, 2009 at 4:06 PM
I couldn’t find this 90 percent figure anywhere in the bloomberg article. I can find reference to annual profits being down 120 odd million Euros, but that still puts them at over 1 billion euros a year.
in fact, it even says a few great things like:
“In smartphones, which can run computer-like programs and access the Internet, Nokia’s market share increased to 38 percent in the quarter from 31 percent the previous quarter.”
And that nokia shipped 14 million smartphones this quarter…
I don’t understand this article at all. Is someone trying to pick up some cheap Nokia shares when people temporarily freak out or something? I vaguely remember Engadget posting an “internal apple email” detailing some problem or other some time back and always wondered if they were doing the same thing.
Report Permalink