Nokia 3rd quarter 2009 financials posted, smartphone share drops 6%
Nokia posted their 3rd quarter 2009 financial results and it is quite a long report. As expected, their finances follow most all the rest of the world with everything being down at the moment. Net sales were down 20% from 2008. Their worldwide market share, for all phones (including non-converged devices) remains at 38%, which was the same for the 3rd quarter of 2008 and 2nd quarter of 2009. However, this quote from the report is not good news regarding smartphones (converged devices):
Nokia’s share of the converged mobile device market was an estimated 35% in the third quarter 2009, at the same level as in the third quarter 2008 and down from 41% in the second quarter 2009. We shipped 4.5 million Nokia Nseries and 4.4 million Nokia Eseries devices during the third quarter 2009, down from the combined 9.3 million Nseries and Eseries devices we shipped in the second quarter 2009.Today’s mobile market is extremely competitive with the iPhone, Android, WebOS, BlackBerry, and Windows Mobile operating systems all battling for customers. Nokia cannot sit still and be complacent with their current market share and we all know they are not. The Nokia N900 running Maemo 5 is coming soon and Symbian Foundation powered devices should be out in early 2010 as well.
The good news is that Nokia expects device sales volumes to be up in the 4th quarter and we all know that the smartphone industry will continue to grow as better and faster backend infrastructure is rolled out by the wireless carriers. Hopefully, we see some increase in Nokia’s influence in North America too.
5 Comments to Nokia 3rd quarter 2009 financials posted, smartphone share drops 6%
What ever happen to telling the whole truth and not just a version that suits you. To most people coming to this site smartphones is what matters to them and yet you don’t mention Nokia’s smartphone market share dropped to 35% versus 41% in the previous quarter.
Whether the news is good or bad, keep it real and be honest…trying to soften or spin the news should be below you.
josesxiOctober 15, 2009
I agree. This site is starting to look like Allaboutsymbian.com
Neil, I’ll go back and read the report since I thought it stated their share stayed the same. If it dropped 6% that is huge and I will update my post to reflect that.
Neil, I updated my post and headline after finding the quote above deep down in the report. Sorry about missing the distinction between their full market share and their smartphone/converged market share. We here are mainly concerned about their smartphones.
Good going Matt. 
October 15, 2009