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Nokia Becomes World's No 1 Seller Of Windows Phones

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02/24/2012 | 02:13pm CEST

Nokia Corp. (NOK), the world's largest handset maker, sold more smartphones powered by Microsoft Corp.'s (>> Microsoft Corporation) Windows Phone operating system than any other company in the fourth quarter of 2011, according to research from Strategy Analytics.

Nokia accounted for 900,000, or 33%, of the 2.7 million Windows Phone devices sold during the period.

"Microsoft smartphone shipments remain tiny, but they are showing tentative signs of growth. Nokia overtook HTC and others to become the world's largest Microsoft smartphone vendor... as distribution of its Lumia family expanded across numerous countries and operators," said Alex Spektor, associate director at Strategy Analytics.

Nokia's growth was driven by an expanded portfolio of Windows Phone 7 models such as the Lumia 800, an increased retail presence and highly visible marketing campaigns across several European and Asian countries, said Strategy Analytics.

The research firm said Nokia's Microsoft smartphone growth during the quarter was achieved partly by capturing market share from HTC Corp. (2498.TW), noting that HTC is also losing ground to Samsung Electronics Co. Ltd. (005930.SE) in the Android segment.

In October, Nokia launched two new Windows Phone devices, the Lumia 800 and the Lumia 710. The products came just eight months after the company agreed a partnership with Microsoft that made Windows Phone the operating system of choice in Nokia smartphones.

At 1205 GMT, shares in Nokia were up 4.9% at EUR4.30.

-By Jens Hansegard, Dow Jones Newswires; +46-8-5451-3095; jens.hansegard@dowjones.com

(Clare Hutchison contributed to this article.)

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Financials ($)
Sales 2017 93 828 M
EBIT 2017 28 286 M
Net income 2017 19 337 M
Finance 2017 64 706 M
Yield 2017 2,66%
P/E ratio 2017 23,49
P/E ratio 2018 18,75
EV / Sales 2017 4,09x
EV / Sales 2018 3,90x
Capitalization 448 849 M
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Average target price 59,9 $
Spread / Average Target 3,9%
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Satya Nadella CEO & Non-Independent Director
Bradford L. Smith President & Chief Legal Officer
John Wendell Thompson Independent Chairman
Amy E. Hood Chief Financial Officer & Executive Vice President
Harry Shum Executive Vice President-Technology & Research
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