Nokia and Capital Markets Day
Today Nokia released a whole slew of financial statistics and information during Capital Markets Day in Amsterdam. There were no new product announcements – just lots of raw numbers and percentages.
First, Nokia expects its phone profit margins to rise slightly in the next two years, up to 16-17%. Also, the mobile device market will grow by a cool 10% on average, with the largest growth going to the APAC region (Asia Pacific, China, etc), the Middle East, and Africa. Sadly, the company also forecast less than 10% growth in North America and Europe.
Nokia also said that its own market share will rise from the current 39%, but gave no hard numbers on just how much.
The one not-so-bright spot in Nokia’s outlook for 2008+ was the ASP, or average selling price. This is the BIg Kahuna of numbers when it comes to phone sales statistics, and Nokia warned that the ASP would fall slightly as the company sells more budget phones to the “emerging markets” ie India, China, and whatnot.
For the most part, the news was pretty upbeat, but investors ended up beating Nokia’s stock instead: by the end of the trading day, shares of Nokia had fallen over 3% to $38.92.
Nokia Sees Growth in Mobile Users in ’08 – Forbes
