Nokia’s market share shrank to 37% in Q4 2008

Nokia has just published its financial results for the fourth quarter of 2008, as well as for the whole (last) year.

The Finnish giant sold 113.1 million mobile devices in Q4 2008 - 4% less than in Q3 2008 (117.8 million devices) and 15.3% less than in the fourth quarter of 2007 (133.5 million devices).

The market share shrank to 37%, from the 38% reported in Q3 2008. 

Nokia’s operating profit for Q4 2008 was of EUR 492 million, representing a 80% decrease from the EUR 2.5 billion profit reported in Q4 2007.

Despite all this, Nokia sold more phones in 2008 than in the previous year: 468.4 million units, as opposed to 437.1 million units (a 7.2% increase).

It’s worth noting that 2008 meant bad sales for Nokia’s phones in North America. The company sold only 15.7 million handsets there, while in 2007 it managed to ship 19.4 million handsets.

In return, the sales saw a strong growth in Asia Pacific (134 million units) and Latin America (51.5 million units).

Nokia forecasts that, in 2009, the global mobile market will decrease with about 10%, which is unsurprising, given the world’s current economic situation.

Via Press release

Author: Ilinca Nita

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  • http://nokiafanboy.com nokiafanboy

    Blame George bush! oh, I mean recession :P
    Nokia should fear with the rise of iPhone sales

  • http://nokiafanboy.com nokiafanboy

    Blame George bush! oh, I mean recession :P
    Nokia should fear with the rise of iPhone sales

  • http://nucellphone.com/ nucellphone

    @nokiafanboy, yes I agree with you .. iPhone will becomes popular :)