Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  NASDAQ OMX HELSINKI LTD.  >  Nokia Oyj    NOKIA   FI0009000681

NOKIA OYJ (NOKIA)

Delayed Quote. Delayed  - 04/28 05:29:45 pm
5.25 EUR   +1.16%
04/27 European shares fall as ECB stands pat, banks drop
04/27 NOKIA OYJ : reports 1Q loss
04/27 NOKIA CORPORATI : Interim Report for Q1 2017
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Defying Sluggish Global Trend, 1Q Mobile Sales Grow 16% In MEA -Gartner

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/20/2012 | 06:02am CEST

(This story was originally published Thursday)

DUBAI (Zawya Dow Jones)--Defying signs of a global slowdown, sales of mobile devices in the Middle East and Africa rose 16% in the first quarter, fueled a growing appetite for smartphones, while embattled Nokia Corp. remains the region's top handset vendor, according to research firm Gartner.

"I think the performance for the Middle East Africa (MEA) region has been good compared to the overall trend we are seeing," Anshul Gupta, principal research analyst at Gartner told Zawya Dow Jones by telephone late Wednesday. "Overall [global] sales in the first quarter were down 2% and that happened after 10 straight quarters of growth. If you look at MEA, the growth has been up 16% year-on-year."

Driving demand in the MEA region has been the increasing popularity of smartphones, with sales of the devices surging 35% in the first three months of the year, according to Gartner.

Samsung Electronics Co. is now the number one player in the smartphone space in the MEA region, after ranking fifth in the same quarter a year ago.

"They [Samsung] have done extremely well in this region and they have taken the share from other smartphone players and replaced other players like Nokia, RIM, and Apple," said Gupta.

In terms of overall mobile-handset sales however, Finland's Nokia is still the leader in MEA.

"It (Nokia) is having a good share in terms of the feature phones and smartphones combined," Gartner's Gupta said.

He also noted Nokia continues to perform well in emerging markets where smartphones have yet to really dominate.

"These countries smartphones sold are under 20% of the overall sales, so there is a huge potential. Still 80% of these markets is coming from feature phones. In those markets the local players and Chinese players and Nokia are strong," said Gupta.

Moving forward, Gupta said Samsung, who snatched the title of world's largest mobile-handset vendor from Nokia in the first quarter, could face stiff competition from cheaper Chinese smartphone makers in the coming quarters.

"Samsung has been growing significantly over the past few quarters. I am now seeing more competition coming from the local players and Chinese players," he said.

-By Shereen El Gazzar, Dow Jones Newswires; +971 444 61684; [email protected]

Copyright (c) 2012 Dow Jones & Co.

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on NOKIA OYJ
04/27 European shares fall as ECB stands pat, banks drop
04/27 NOKIA OYJ : reports 1Q loss
04/27 NOKIA CORPORATION : Interim Report for Q1 2017
04/25 NOKIA OYJ : to preview new 360 VR workflow for Adobe Premiere Pro CC at NAB 2017
04/25 NOKIA OYJ : China Unicom conduct live trial of Virtualized Services Router for r..
04/24 NOKIA OYJ : unveils ground-breaking economics and enhanced user experience for t..
04/24 NOKIA PARTNERS WITH LUCASFILM TO DEL : The Last Jedi
04/24 NOKIA OYJ : Final result of the subsequent offer period of Nokia Solutions and N..
04/20 NOKIA OYJ : Preliminary results of the subsequent offer period of Nokia Solution..
04/20 Preliminary results of the subsequent offer period of Nokia Solutions and Net..
More news
Sector news : Phones & Smart Phones
04/27DJSAMSUNG ELECTRONICS : Facing Calls for Shake-Up, Offers 'Plan B'
04/27 LG ELECTRONICS : South Korea's LG Electronics reports best quarterly profit in n..
04/27DJSAMSUNG ELECTRONICS : Notches Highest Net in Years -- WSJ
04/27 SAMSUNG ELECTRONICS : Elec flags stronger second quarter; Elliott welcomes share..
04/27DJSAMSUNG ELECTRONICS : Says It Won't Become a Holding Company
More sector news : Phones & Smart Phones
News from SeekingAlpha
04/27 NOKIA : Skeptics Might Reconsider
04/27 Nokia +7% as sales decline begins to slow
04/27 Nokia Oyj (NOK) Q1 2017 Results - Earnings Call Transcript
04/27 Nokia Corporation 2017 Q1 - Results - Earnings Call Slides
04/27 PREMARKET GAINERS AS OF 9 : 05 am
Advertisement
Financials (€)
Sales 2017 23 284 M
EBIT 2017 1 721 M
Net income 2017 14,0 M
Finance 2017 3 161 M
Yield 2017 3,36%
P/E ratio 2017 1 693,55
P/E ratio 2018 29,86
EV / Sales 2017 1,18x
EV / Sales 2018 1,16x
Capitalization 30 639 M
More Financials
Chart NOKIA OYJ
Duration : Period :
Nokia Oyj Technical Analysis Chart | NOKIA | FI0009000681 | 4-Traders
Full-screen chart
Technical analysis trends NOKIA OYJ
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 28
Average target price 5,56 €
Spread / Average Target 5,8%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Rajeev Suri President & Chief Executive Officer
Risto Kalevi Siilasmaa Chairman
Monika Maurer Chief Operating Officer
Kristian Pullola Chief Financial Officer
Marcus Weldon Chief Technology Officer
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
NOKIA OYJ13.12%33 376
COOLPAD GROUP LTD-10.00%466
INTOPS CO LTD--.--%185
DORO AB10.38%153
NUMEREX CORP.-39.19%88
RAONSECURE CO LTD--.--%88
More Results