Nokia 3rd quarter 2009 financials posted, maintains 38% worldwide marketshare

Nokia posted their 3rd quarter 2009 financial results and it is quite a long report. As expected, their finances follow most all the rest of the world with everything being down at the moment. Net sales were down 20% from 2008. Their worldwide market share remains at 38%, which was the same for the 3rd [...]

Nokia posted their 3rd quarter 2009 financial results and it is quite a long report. As expected, their finances follow most all the rest of the world with everything being down at the moment. Net sales were down 20% from 2008. Their worldwide market share remains at 38%, which was the same for the 3rd quarter of 2008 and 2nd quarter of 2009. Today’s mobile market is extremely competitive with the iPhone, Android, WebOS, BlackBerry, and Windows Mobile operating systems all battling for customers. Given that there has not been a lot of user interface improvements from Nokia, holding onto 38% is quite good. That said, Nokia can not sit still and be complacent with that amount of marketshare and we all know they are not. The Nokia N900 running Maemo 5 is coming soon and Symbian Foundation powered devices should be out in early 2010 as well.

The good news is that Nokia expects device sales volumes to be up in the 4th quarter and we all know that the smartphone industry will continue to grow as better and faster backend infrastructure is rolled out by the wireless carriers. Hopefully, we see some increase in Nokia’s influence in North America too.

Source : http://feedproxy.google.com/~r/nokiaexperts/~3/5wS...