Feeds

Nokia sales and profits dive in fourth quarter

Finnish giant feels the chill

SANS - Survey on application security programs

Nokia's fourth quarter results show the world's biggest phone manufacturer's operating profit dropping more than 50 per cent to €1.2bn.

Sales at the Finnish giant slipped 19.5 per cent to €12.7bn, as the firm dealt with a declining worldwide economy where getting a new phone is increasingly taking second place to finding a new job.

The firm's shareholders will feel some of the pain, with the board proposing cutting the dividend to €0.40 compared to €.43 last year.

The company reckons 2009 isn't going to be a good year, with an expected ten per cent decline in sales, most of which will come during the first half of the year. However, the company expects to retain its market share.

Nokia reckons the industry shipped 305m phones in the last three months of 2008, 113.1 million of which of were Nokia devices - reducing the Finnish giant's market share to 37 per cent of a total market that was down nine per cent on 2007 (pdf).

Figures aren't quite so grim for the whole of 2008, with net sales down by slightly less than one per cent to €50.7bn, and operating profit down 8 per cent to €1.2bn. But then the economy wasn't so grim early in 2008.

Operating cash flow for the final quarter of 2008 was hit by a one-off payment of €1.7bn to Qualcomm; settling the long-running licence dispute between the two companies but making overall flow negative by €0.3bn.®

3 Big data security analytics techniques

More from The Register

next story
Virgin Media so, so SORRY for turning spam fire-hose on its punters
Hundreds of emails flood inboxes thanks to gaffe
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
AT&T threatens to pull out of FCC wireless auctions over purchase limits
Company wants ability to buy more spectrum space in auction
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
Google looks to LTE and Wi-Fi to help it lube YouTube tubes
Bandwidth hogger needs tube embiggenment if it's to succeed
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.