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Nokia's Q3 financial results here:
http://www.nokia.com/2004/Q3/index.html
Bottom line: although a 13% increase in units sold (45.4 to 51.4 M), profits before taxes decreased by 10% (Q2 comparison).
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[ This Message was edited by: Krubach on 2004-10-15 19:12 ]
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Posted: 2004-10-14 13:43:29
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Nokia is making more money. Whats new?
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Posted: 2004-10-14 14:13:53
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Quote:
On 2004-10-14 14:13:53, marlonxp wrote:
Nokia is making more money
How's that?
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Posted: 2004-10-14 15:06:44
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They are making 10%
less money...
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Posted: 2004-10-15 13:00:06
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Nokia's Q3 financial results clearly states that they have begin a downfall
unless
comes out with some more handsets in a reasonable range
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Posted: 2004-10-15 13:04:45
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The results say nokia are selling more phones at a reduced profit margin. The frightenin part is number of units sold se have sold 10% of that figure
This message was posted from a Nokia
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Posted: 2004-10-15 13:27:05
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It's not frightening. It only an option.
If you cut prices you sell more phones (and maybe the price cut is compensated)
If you don't you sell less phones but make more money outta them.
The issue here is nokia cuts prices, sells more phones, but make less money. And that is frightening... for them!
But as long as you have profit, no worries...
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Posted: 2004-10-15 13:30:46
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well they still have profits just reduced. what i meant by frightening was the sheer volume of phones. market share percentages dont sound to bad ie nokia 29% se 7%
but when you look at the number of handsets it shows the mountain any company has to catch up
nokia did 156million handsets in 1 quarter and se did 10 million.
not sure what samsung etc did but if you take the market share the next nearest company has 15% so they did only half of nokias volume
even adding motorola and se s figure together wouldnt get you near nokias phone s sales and thats frightening
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Posted: 2004-10-15 19:00:38
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nokia sold 51 million in Q304 - not 156m.
If SE world share is 7% then Nokia would be about 33%.
After cutting prices Nokia is still making a good 19% profit margin per phone. Contrast this to only 8% for SE.
[ This Message was edited by: mib1800 on 2004-10-15 18:23 ]
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Posted: 2004-10-15 19:21:38
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i see was just reading info on first post which had the increase from 146-158 or whtever it was. though it was a frightening large figure hence my post.
makes more sense now
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Posted: 2004-10-15 19:25:36
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