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Nokia’s Q4 2008 Earnings Report: Dismal

January 23, 2009 in Wireless Industry News
Nokia: Connecting Less People Than Before

Nokia: Connecting Less People Than Before

Just when it seemed like the wireless industry was positioned to get back on track, out came Nokia with another issue of its Bad Earnings Report. Among the worst was the company’s profit, which sank 69% from last year. Major ouch.

The important parts of the earnings report:

  • Global market share: down to 37%, from 40% in 2007 and 38% in Q3 2008
  • Sales: 12.7 billion euros, down 19% from last year
  • Devices shipped: 305 million units, down 19% from last year
  • Device sales: 8.1 billion euros, down 27% from last year
  • Q1 2009 outlook: Q1 is normally pretty lackluster, but Q1 2009 will be especially bad
  • 2009 industry outlook: shipments will be 10% less than in 2008, earlier estimate was 5%
  • Dividend: may decrease to 0.40 euros a share compared to 0.53 euros a share

The only real bright spot was Nokia’s NAVTEQ business, which grew sales by 18.5% as compared to last year. Sadly, that business had very, very little to do with Nokia’s core wireless devices.

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The Nokia Phone Blog » Blog Archive » Analysts Say Don’t Buy Nokia (the stock)
3/12/2009
12:34 am

[...] Considering that was the first good news in an industry that’s been hit hard as of late (see Nokia’s last earnings report for more), thanks to a certain global recession, investors pushed Nokia’s stock up 8.2% in [...]


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