Nokia Announces Earnings

After the earnings fiasco by Motorola balanced by Sony Ericsson’s complete and utter domination of its earnings report, no one really knew what to think when it came down to Nokia.

So when the stock rose nearly 6% (followed by another 1.33% at the time of writing) after Nokia reported a “solid” fourth quarter, everything must’ve been just peachy, right? Maybe, maybe not.

Profits rose almost 19% from last year, and Nokia’s market share gained about 2% to 36% of global handsets. On the other hand, Nokia’s average selling price per unit fell to $116, from $121, in part due to larger sales of cheaper mobile phones.

Personally, I think it’ll only get better in 2007. Nokia’s 2007 line of mobile phones is far, far stronger than 2006’s.

On a side note, it seems as if the only loser in the wireless game is Motorola (aside from LG, but that’s a different story). Since the company had to slash prices on the RAZR to keep it competitive with other mid-range phones, profits margins have taken a spill. In addition, it doesn’t seem like the KRZR was received as well as it “should” have been.

This entry was posted on Friday, January 26th, 2007 at 12:00 pm and is filed under Wireless Industry News. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.