Nokia Q3 sales: Another disappointing quarter in the books
Nokia hasn’t exactly had the best fiscal year this 2009, and sad to say, Q3 sales doesn’t stray far from this trend.
Compared to last quarter, net sale and operating profit were down by just 1% and 4.4% respectively. However, taking a look at their performance during the same period last year, it becomes troubling with a 19.8% drop in sales and a huge 38% fall out in operating profit. Nonetheless, their current no. 1 position in the market remains to be unfazed by their dismal performance last quarter which stands to be the saving grace of this announcement. For the complete figures for Q3, you can head on over here to see all the gory details.
With the global financial crisis easing out, it’s hard to continuously blame poor sales on curbed consumers spedning especially considering that other players have managed to make some headway in spite of it. Has Nokia finally tanked after years of dominating the mobile phone industry? It appears that way, but it’s really still too early to say. Likewise, with unveiling of the new N900 smartphone and Maemo platform, it seems that they’ve still a got a few aces up their sleeves. As far as their position in the market is concerned, the Finnish mobile phone maker, in all likelihood, will still finish at the top spot when 2009 ends, but I’m not too confident about next year given at how aggressive Samsung has been lately with no signs of letting up.
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Nokia Q3 sales: Another disappointing quarter in the books