Esato Forums - General discussions : Other manufacturers : Nokia in profit and market share warning

Index Menu

> New Topic
> Reply
< Esato Forum Index > General discussions > Other manufacturers > Nokia in profit and market share warning Bookmark topic

slattery69 Posts: > 500

Nokia today issused a profit and market share warning to its investors they say they expect both to fall over the coming months. They say this is due to strong competition . However bad news for se is that motorola and samsung who have both just announced big increases in profit. Also both have quite a few new offerings coming over the next month This message was posted from a T610
--
Posted: 2004-04-16 13:40:04
Edit : Quote

701 Posts: > 500

It's normal as Nokia didn't launch anything special this year and nuthin' is about to happen until the end of the winter. Oh and don't start with the 6230 or such...
--
Posted: 2004-04-16 14:31:03
Edit : Quote

energetic Posts: > 500

...and here is the article.

Nokia warns for lower profits and sales for the second quarter period.

This is the news title from the greek site www.in.gr

Check this link for those who understand greek http://www.in.gr/news/article.asp?lngEntityID=530833&lngDtrID=251

For those who dont here is the translation.

--------------------------------------------------------------------

The biggest worldwide company of mobile telephones Nokia warned for lower sales and profits the second quarter, as she loses share of market against her antagonists. The Finnish company forecasted that the profits of second quarter will be shaped in 0,13-0,15 Euro per action, against 0,19 Euros/action the corresponding period 2003. The analysts, according to the Reuters, forecasted profits 0,18 Euros/action. The forecasts confirm the estimates of analysts that Nokia, which manufactures more from one in the three mobile telephones that are sold worldwide, can lose more ground against her antagonists, as the Motorola and the Samsung Electronics. According to the Gartner, the fourth quarter 2003 Nokia had share 34,7% from 36,1% the corresponding period 2002 and Motorola 14,2% from 17,1%.Samsung increased her share in 9,9% and Siemens in 9,5%. The action of company receded until the 12,45 Euros, in order to they recover then in the 13 Euros. The recent year they mark losses 3,2% while the action of Samsungs and Motorola have overdoubled their value. The Siemens marks profits 43%.

--------------------------------------------------------------------

Any comments?

--
Posted: 2004-04-16 14:49:31
Edit : Quote

slattery69 Posts: > 500

Also on the radio were i heard this report it said that nokia had claimed there line us is not strong enough to compete. Which is a strange thing to come out with This message was posted from a T610
--
Posted: 2004-04-16 15:21:26
Edit : Quote

New Topic Reply