Feeds

Nokia Q4 sales jump but profits unmoved

Price erosion continues

Website security in corporate America

Mobile phone average selling prices are in decline, Nokia warned today as it reported its Q4 FY2005 financial results.

Sales for the period hit €10.33bn ($12.68bn), nine per cent higher than the year-ago quarter's €9.46bn. The mobile phone giant sold €6.22bn ($7.64bn) worth of handsets in the quarter, up just six per cent on Q4 FY2004's total, €5.87bn ($7.21bn).

Nokia's net income was €1.07bn ($1.31bn), down a single percentage point from the year-ago quarter. Then, the company made €1.08bn ($1.33bn) in net profit. By contrast, earnings were up year on year, from 24 cents a share to 25. Nokia said it will spend €6.5bn ($8bn) this year buying back stock, raising the prospect that earnings will continue to rise.

ASPs, on the other hand, will continue to fall, Nokia said. In Q4, they dropped to €99 ($122) from €102 ($125) in Q3 and €111 ($136) in Q4 FY2004. Analysts had forecast a Q4 FY2005 ASP of €100 ($123). The ongoing ASP decline will be "primarily driven by a mix shift in our volumes to markets where low-end models predominate", Nokia said, and "consistent with the industry trend, specifically the strong volume growth in emerging markets".

For FY2005 as a whole, Nokia reported income of €3.62bn ($4.44bn) on sales of €34.19bn ($41.98). Those figures amounted to increases of 13 per cent and 16 per cent, respectively, on FY2004's totals.

The phone division reported annual sales of €20.81bn ($25.55bn), 12 per cent higher than the €18.52bn ($22.74bn) Nokia announced this time last year. ®

Reducing the cost and complexity of web vulnerability management

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
Israeli spies rebel over mass-snooping on innocent Palestinians
'Disciplinary treatment will be sharp and clear' vow spy-chiefs
Apple CEO Tim Cook: TV is TERRIBLE and stuck in the 1970s
The iKing thinks telly is far too fiddly and ugly – basically, iTunes
Huawei ditches new Windows Phone mobe plans, blames poor sales
Giganto mobe firm slams door shut on Microsoft. OH DEAR
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Show us your Five-Eyes SECRETS says Privacy International
Refusal to disclose GCHQ canteen menus and prices triggers Euro Human Rights Court action
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Security and trust: The backbone of doing business over the internet
Explores the current state of website security and the contributions Symantec is making to help organizations protect critical data and build trust with customers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.