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 Corp    NOKIA   FI0009000681

NOKIA CORP (NOKIA)

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 CET

(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; Shereen.elgazzar@dowjones.com

Copyright (c) 2012 Dow Jones & Co.

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on NOKIA CORP
02/23 NOKIA : Solutions and Networks' tender offer for all issued and outstanding shar..
02/23 Nokia delivers 'anyhaul' end-to-end mobile transport portfolio for the 5G era..
02/23 NOKIA : delivers 'anyhaul' end-to-end mobile transport portfolio for the 5G era ..
02/23 NOKIA : trials low latency network solution with NTT Labs using Multi-Access Edg..
02/22 Nokia commences offer to purchase outstanding notes for up to USD 1.0 billion..
02/22 NOKIA : commences offer to purchase outstanding notes for up to USD 1.0 billion ..
02/22 NOKIA : and AT&T first to successfully conduct 5G streaming tests with DIRECTV N..
02/22 NOKIA : software brings new levels of intelligence and automation to service pro..
02/22 Nokia software brings new levels of intelligence and automation to service pr..
02/21 NOKIA : and Intel launch 5G acceleration labs in US and Finland to help operator..
More news
Sector news : Phones & Smart Phones
08:48aDJSAMSUNG ELECTRONICS : Reviews Donations -- WSJ
02/24DJSAMSUNG ELECTRONICS : Scandal-Struck Samsung Tightens Donations Policy -- Update
02/24DJSAMSUNG ELECTRONICS : Scandal-Struck Samsung Tightens Donations Policy
02/24 SAMSUNG ELECTRONICS : Game company seeks to block Facebook from using virtual re..
02/21DJSAMSUNG ELECTRONICS : Scandal enshrouds Samsung Heir -- WSJ -2-
More sector news : Phones & Smart Phones
News from SeekingAlpha
02/23 FITBIT : Turnaround Story Or Falling Knife?
02/22 Nokia launches offer to repurchase up to $1B in debt
02/19 Ceragon Networks Had A Good 2016 And Will Have An Even Better 2017
02/15 Microsoft Wants A Digital Geneva Convention
02/15 Buy Nucor - Cramer's Lightning Round (2/14/17)
Advertisement
Financials (€)
Sales 2017 23 375 M
EBIT 2017 1 422 M
Net income 2017 172 M
Finance 2017 2 782 M
Yield 2017 3,59%
P/E ratio 2017 127,41
P/E ratio 2018 23,85
EV / Sales 2017 1,08x
EV / Sales 2018 1,06x
Capitalization 28 106 M
More Financials
Chart NOKIA CORP
Duration : Period :
Nokia Corp Technical Analysis Chart | NOKIA | FI0009000681 | 4-Traders
Full-screen chart
Technical analysis trends NOKIA CORP
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 5,32 €
Spread / Average Target 10%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Rajeev Suri President & Chief Executive Officer
Risto Kalevi Siilasmaa Chairman
Marc Rouanne Chief Operating & Innovation Officer
Kristian Pullola Chief Financial Officer
Kari Henrik Stadigh Independent Non-Executive Director
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
NOKIA CORP2.92%29 655
COOLPAD GROUP LTD-3.75%499
INTOPS CO LTD--.--%169
DORO AB-3.77%146
NUMEREX CORP.-29.86%99
RAONSECURE CO LTD--.--%74
More Results