Feeds

Nokia claims record Q4

Not looking so goo this Q

  • alert
  • submit to reddit

High performance access to file storage

Nokia ended 2002 with € 8.8bn cash, a record. And it had a storming Q4, so far as volumes are concerned, shipping a record 46 million handsets in the quarter. The company also claims record market share in Q4, estimating that it produced 39 per cent of all handsets sold in the quarter.

Profits were up 132 per cent to €1.046bn (Q4 2001: € 450m) on flat sales, up just one per cent on Q4, 2001 to €8.843bn. Flat revenues are due to lower average selling prices, while increased profits largely reflect company cost-cutting.

So far as 2003 is concerned, Nokia reckons it will continue to grow market share, on the back of consumer demand for a "new phase of advanced features and services, driven by color screens, imaging, messaging and mobile games". But it warns that sales in Q1 will be lower than in Q1, 2002. ®

High performance access to file storage

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Sorry London, Europe's top tech city is Munich
New 'Atlas of ICT Activity' finds innovation isn't happening at Silicon Roundabout
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.