“Nokia, the world’s largest mobile phone manufacturer, missed market expectations this morning as it reported a 30% fall in profits,” Dan Milmo reports for The Guardian.
“The Finnish technology giant said third quarter profits fell by nearly one third to €1.09bn (£850m) from €1.56bn, with sales falling 5% to €12bn,” Milmo reports.
“The results were weaker than expected but analysts reacted positively to the group’s comments on global demand for handsets this year. Nokia said it expected phone volumes to rise by 10.5% to 1.26bn phones in 2008, as sales in emerging markets offset falling demand in western Europe,” Milmo reports.
“Earlier this month, Nokia fought back against Apple and Google with its first touchscreen phone, the 5800 XpressMusic – a response to Apple’s iPhone and the new G1 device which uses Google’s Android platform,” Milmo reports.
Full article here.
[Thanks to MacDailyNews Reader “Tom H.” for the heads up.]
Not much of a fight back! Their sales fall 30% and the market reacts positively, Apple beats the street and the market reacts negatively. hmmmm….
umm- how would the Finnish say “bloodbath”?
In Finnish, “bloodbath” is the same word as “afternoon tea”. That’s how friendly they are.
I have a feeling, MDN doesn’t know Bloodbath in Finnish.
Yes, I know, but didn’t want to drop a silly pun.
Verihuuhde?
(disclaimer: that might be too literal)
Where’s One Guy from Finland when you need him?
@Beatboxrob
That would be “verilöyly”.
I don’t like that word “plummet”.
One of my hang-ups….
…”the 5800 XpressMusic – a response to Apple’s iPhone”
Yes, and Korea has its “YUGO” as a response to the Rolls Royce Phantom….
But why does people buy iPhones if they don’t have little tiny plastic keyboards? (kidding)
If it is relying on less developed markets then its margins are going to sink further.
The truth is it has no answer to the iPhone. Music or no music, touchscreen or no touchscreen…
@Viktor
The YUGO came from Yugoslavia, hence the name, but we get your point.
I heard the Finnish anti-defamation league was disbanded this week due to nobody defaming of Finnish people.
No need to phone it in. It sounds like they’re finnished to me.
holy crap Nick Fury, you are on a roll today.
I got your “joanie loves chachi” reference too.
@TowerTone
plummet, makes me think of Donkey Kong for some reason. Maybe it was the noise those bouncy springs made. Or that Mario was a plumber.
fatal
plummet makes me think of fatal.
“Nick Fury, you are on a roll today”
Well, that explains the butter on his butt…maybe.
Only the finest Apple butter.
‘Verilöyly’ is bloodbath in finnish, altough Nokia’s bad results last quarter had pretty much nothing to do with Apple. They were mostly due to losing marketshare at low-end (where Apple doesn’t compete) and the generally crappy global economy.
Of course facts and braindead Apple fanboism rarely meet, so ‘verilöyly´.
It had plenty to do with Apple. Think of how many of those 5-7 million iPhone 3G sales would’ve been high end Nokia smartphones? There’s also the iPhone halo effect, not on Apple but the touchscreen smart and dumb phone sector where the likes of LG and Samsung are cleaning up. How many touchscreen iClones did they sell in Europe that cut into Nokia’s high end smartphones and their margins?
Notice how the ones being hurt are the phone makers like Nokia and SE that lack a strong touchscreen portfolio.
To fatal:
“I got your “joanie loves chachi” reference too.”
Nice. Thanks.
“Be obscure clearly.”
– E. B. White
@Spark
U’re right, I fogot it was from Yugoslavia…. Thanks…