Ben
22nd January 2009, 05:55 PM
http://www.trustedreviews.com/mobile-phones/news/2009/01/22/Nokia-Profits-Crash-In-Q4/p1
For Q4 period the company has reported profits fell 69 per cent to 576m euros compared to the year ago period. Overall sales dropped off 19 per cent to 12.7bn euros and market share fell more than eight per cent to 37 per cent - though it remains considerably ahead of second place rival Samsung on approximately 20 per cent.
To be fair, while a 69% fall in profits is serious stuff, the fact that they still made 576m euro's is testament to Nokia's strength. It'll be at least another 12 months before we can tell whether Nokia has any serious problems or whether it's just battening down the hatches for the recession.
For Q4 period the company has reported profits fell 69 per cent to 576m euros compared to the year ago period. Overall sales dropped off 19 per cent to 12.7bn euros and market share fell more than eight per cent to 37 per cent - though it remains considerably ahead of second place rival Samsung on approximately 20 per cent.
To be fair, while a 69% fall in profits is serious stuff, the fact that they still made 576m euro's is testament to Nokia's strength. It'll be at least another 12 months before we can tell whether Nokia has any serious problems or whether it's just battening down the hatches for the recession.