Nokia Handset Shipments Jump by a Third

Nokia has reported that it's third quarter 2006 net sales increased 20% to EUR10.1 (US$12.7) billion, compared with EUR8.4 (US$10.5) billion in the third quarter 2005. At constant currency, group net sales would have increased 18%. Nokia's third quarter 2006 operating profit decreased 4% to EUR1.1 (US$1.4) billion, compared with EUR1.15 (US$1.44) billion in the third quarter 2005. Nokia's third quarter 2006 operating margin was 10.9% (13.7%), including the impact of the respective special items, and 12.2% (12.6%) excluding the special items.

In the third quarter 2006, the total mobile device volume reached 88.5 million units, representing 33% year on year growth and a 13% sequential increase. The overall industry volume for the same period reached an estimated 243 million units, representing 22% year on year growth and a 6% sequential increase.

Converged device (smartphone) industry volumes increased to an estimated 19.9 million units, compared with an estimated 14 million units in Q3 2005. Nokia's own converged device volumes rose to 10.4 million units, compared with 7.1 million units in Q3 2005. The converged device segment continued to be one of the fastest growing areas in mobile device volumes globally. Nokia Nseries volumes grew strongly, shipping more than 4 million units during the quarter.

 

Based on their preliminary market estimate, Nokia's market share for the third quarter 2006 was 36%, compared with 33% in the third quarter 2005 and 34% in the second quarter 2006. Nokia's year on year market share increase was driven primarily by strong gains in the emerging markets, particularly Latin America, China and Asia-Pacific, that more than offset market share declines in Middle East & Africa and to a lesser extent in Europe and North America. Sequentially, Nokia grew its market share most notably in Latin America and Asia-Pacific, followed by Middle East & Africa, Europe, North America and mainland China."

Posted to the site on 20th October 2006