Nokia released first-quarter results on Thursday, results showed a net profit of 344 million euros (about US $ 499 million), up slightly reduced, but still better than analysts ‘ expectations. Nokia also confirmed, as the competitors are snatched away by the company’s market share, it in the global handset market share fell below the 30% for the first time in a decade.
It is Nokia’s latest results showed that Nokia’s revenues of € 10.4 billion in the first quarter, with the increase of 9% compared to 9.52 billion euros in the same period last year which smartphone product sales revenue of 7 billion euros, an increase of 6%. But only Nokia first-quarter net profit of 344 million euros, compared with the same period last year to reduce 5 million euros. Investors feel the accident is that Nokia first-quarter operating profit of only reduced 14%, far below the forecast of 40% before the fall.
While smartphone sales are still growing, but Nokia confirmed it in the global handset market share had slowed to 29% not only below the 33% and 31% for the previous quarter in the same period last year, and it is the company’s global market share fell below 30% for the first time in a decade.
Says ailuopu, Chief Executive of Nokia, the company has signed a formal cooperation agreement with Microsoft, product design, and technical cooperation work is already in progress. But he also warned, companies may face a more severe competition in the second quarter.
Nokia also said Japan due to earthquakes and Japan suppliers relating to certain components of broken supply channels, will certainly impact on the company’s second-quarter.
View the original article here
Tags: below, first, global, market, Nokias, share, years
No comments:
Post a Comment