Feeds

Symbian Q3 revenues dip

As phone shipments slow

  • alert
  • submit to reddit

SANS - Survey on application security programs

Update Smartphone operating system company Symbian today opened up its books to offer the world a glimpse of its financial performance during the three months to 30 September, the company's third quarter.

Symbian reported revenues of £9.4 million for the period, down both sequentially and year on year by 21 per cent and six per cent, respectively, from £11.9 million in Q2 2003 and £10 million in Q3 2002.

The sharp sequential decline followed a dip in the company's average royalty per handset from $6.3 per unit to $5.7. Royalty revenues fell between Q2 and Q3 from £5.8 million to £4.4 million. Consultancy revenues fell quarter on quarter from £4.9 million to £4.5 million, and other revenues dropped from £1.2 million to £500,000.

Symbian nets a royalty for its OS and receives a lesser, undisclosed dividend from the UIQ user interface, licensed by a subsidiary company. However, it doesn't receive a cent from use of the Series 60 UI, owned by Nokia. Since Nokia ships the vast majority of the world's Symbian handsets, that's a lot of royalty Symbian is missing out on.

Symbian achieved a small reduction in operating costs between Q2 and Q3, cutting costs from £18 million to £17.4 million. The company exited Q3 with £23.4 million in the bank, down from Q2's £29.7 million, but well up on the year-ago quarter's £15.6 million.

The company's figures are unaudited. As a privately-held company, Symbian doesn't have to make its financial and operational numbers public.

Despite Symbian's weaker financial performance during Q3, its licensees are working on 31 devices, up from 26 during the previous quarter, it said. The more handsets those licensees subsequently ship, the higher the OS company's royalty revenues will be in future quarters. Q3 missed key handset launches such as Nokia's N-Gage and 6600, Sendo's X, and Sony Ericsson's P900 and sales of these should start flowing through in Q4.

Some 1.23 million Symbian-based phones shipped during Q3, up from 790,000 in the year-ago quarter but down from Q2's record-breaking 1.49 million units. During the first nine months of 2003, licensees shipped 3.91 million Symbian-based handsets.

The company told The Register it was confident that Q4 revenues will be significantly up on Q3's figure, noting that some analystst are anticipating that some three million Symbian handhelds will ship in the Christmas sales period. ®

Related Stories

DoCoMo goes Symbian
Nokia ponders Psion purchase - report
Motorola sells Symbian stake to Nokia, Psion
Symbian smart phone sales soar 1000%
Smartphones will kill off PDAs - IDC

3 Big data security analytics techniques

More from The Register

next story
A black box for your SUITCASE: Now your lost luggage can phone home – quite literally
Breakfast in London, lunch in NYC, and your clothes in Peru
Broadband Secretary of SHEEP sensationally quits Cabinet
Maria Miller finally resigns over expenses row
AT&T threatens to pull out of FCC wireless auctions over purchase limits
Company wants ability to buy more spectrum space in auction
EE dismisses DATA-BURNING glitch with Orange Mail app
Bug quietly slurps PAYG credit - yet EE denies it exists
Like Google, Comcast might roll its own mobile voice network
Says anything's possible if regulators approve merger with Time Warner
Turnbull leaves Australia's broadband blackspots in the dark
New Statement of Expectations to NBN Co offers get-out clauses for blackspot builds
Facebook claims 100 MEEELLION active users in India
Who needs China when you've got the next billion in your sights?
Facebook splats in-app chat, whacks brats into crack yakety-yak app
Jibber-jabbering addicts turfed out just as Zuck warned
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.