5G Technology World

  • 5G Technology and Engineering
  • FAQs
  • Apps
  • Devices
  • IoT
  • RF
  • Radar
  • Wireless Design
  • Learn
    • 5G Videos
    • Ebooks
    • EE Training Days
    • FAQs
    • Learning Center
    • Tech Toolboxes
    • Webinars/Digital Events
  • Handbooks
    • 2024
    • 2023
    • 2022
    • 2021
  • Resources
    • Design Guide Library
    • EE World Digital Issues
    • Engineering Diversity & Inclusion
    • Engineering Training Days
    • LEAP Awards
  • Advertise
  • Subscribe

Nokia Quarterly Results Beat Expectations

By Staff Author | January 24, 2008

Nokia reported an uptick of 44% in net profit for Q4, exceeding analyst expectations. The top handset maker reported net profit of $2.69 billion, up from $1.86 billion for the same period last year.

The company also estimated that its handset market share climbed a percentage point during the quarter to 40%. The company said it shipped 133.5 million mobile phones in the last quarter of last year.

“Nokia’s excellent fourth quarter contributed to a year of high growth and increased profitability for the company, while our industry-leading product portfolio drove our device business to an estimated 40% market share in the fourth quarter,” said Olli-Pekka Kallasvuo, Nokia’s CEO, in a statement. “At the same time, we again increased our quarterly device margins, allowing Nokia to continue to invest for innovation and growth.”

The company predicted less glowing results for the current quarter, saying it expects a “normal seasonal decline” for the first quarter in 2008. The company also said that the U.S. market only makes up about 5% of its revenue, and that the company’s “exposure to the U.S. economy is low.” Kallasvuo said the he believes “the handset market is strong” across the globe.

In related news, the networking infrastructure partnership between Nokia and Siemens broke even in the fourth quarter, compared to an operating loss of $177 million in the third quarter of 2007. Nokia said it expected the joint venture to see even faster growth than the telecom infrastructure market for the current year.


Filed Under: Carriers

 

Next Article

← Previous Article
Next Article →

Related Articles Read More >

eSIM
eSIM eases changing carriers for phones and IoT
QoE and QoS comparison
Benchmarking in 5G: More important than ever
iPhone 12
I bought a 5G phone, now what?
6G
Key takeaways from 6G Symposium

Featured Contributions

  • Overcome Open RAN test and certification challenges
  • Wireless engineers need AI to build networks
  • Why AI chips need PCIe 7.0 IP interconnects
  • circuit board timing How timing and synchronization improve 5G spectrum efficiency
  • Wi-Fi 7 and 5G for FWA need testing
More Featured Contributions

EE TECH TOOLBOX

“ee
Tech Toolbox: 5G Technology
This Tech Toolbox covers the basics of 5G technology plus a story about how engineers designed and built a prototype DSL router mostly from old cellphone parts. Download this first 5G/wired/wireless communications Tech Toolbox to learn more!

EE LEARNING CENTER

EE Learning Center
“5g
EXPAND YOUR KNOWLEDGE AND STAY CONNECTED
Get the latest info on technologies, tools and strategies for EE professionals.

Engineering Training Days

engineering
“bills
5G Technology World
  • Enews Signup
  • EE World Online
  • DesignFast
  • EDABoard Forums
  • Electro-Tech-Online Forums
  • Microcontroller Tips
  • Analogic Tips
  • Connector Tips
  • Engineer’s Garage
  • EV Engineering
  • Power Electronic Tips
  • Sensor Tips
  • Test and Measurement Tips
  • About Us
  • Contact Us
  • Advertise

Copyright © 2025 WTWH Media LLC. All Rights Reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media
Privacy Policy

Search 5G Technology World