There was a time when RIM owned the smartphone space with its revolutionary push email-equipped BlackBerrys. And there are still plenty of folks who can’t live without a good physical keyboard and BBM. But, despite the company’s $4.9 billion in revenue…
Pretty good news for Nokia today as it announces its Q4 results. Net income jumped 65% to €948 million (on €12 billion in sales) or 26 eurocents per share, from €576 million euros, or 15 eurocents a share, earned in Q4 2008. That handily beat the consensus forecast of 19 eurocents per share. Importantly, Nokia grew its smartphone (or “converged devices” in Nokia parlance) marketshare to a healthy 40%, up from 35% just last quarter. Looking forward, Nokia cautioned that it expects its adjusted operating margin in Devices & Services in Q1 2010 will be at the low end of its 12% to 14% target. At the time of this posting, Nokia stock has jumped about 9% in recognition of these good times.
Nokia grows profits and smartphone share in Q4 originally appeared on Engadget on Thu, 28 Jan 2010 07:00:00 EST. Please see our terms for use of feeds.
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All this is Crazy!! Special report As I swept through Kent and Calais on a Eurostar last week, the financial markets again threw some entertainment my way in the shape of the SocGen debacle. My last Reg piece explained that the credit crunch was partly fuelled by VBA and that is what appears to have [...]
