Nokia results came today below than expected wich lead to more losses in Nokia shares, from Helsínquia Nokia closed the day losing -4.156% touching in the day a low of 10.20 euros.
As we can see in the left side, Nokia shares are losing more than the rest of the sector. This are just evidences of what could come in the results.
Today, Nokia announced that third-quarter profit fell 30 percent, being a possible cause of that the competition from BlackBerry and Samsung models. Also the Global Crisis affected Nokia as a company, because the mobile phone production may diminish as “buying power” is being lost all over the world.
Nokia profits in this quarter was 1,09 billion euros compared with 1,56 billions in the laste year for the same period. Analists were expecting a profit over 1,12 billion euros. In my humble opinion, this profits were normal as we won’t see the consequences of this crisis right now, but maninly from Chiristmas we will see who is winning the market and if the consumers will remain buying Nokia mobile phones.
What about Nokia 5800?
Nokia has trailed Apple and Samsung in bringing devices with touch-screens to the market. The company’s first such phone, the 5800 ExpressMusic, will ship this quarter in some markets.
Apple sold 1 million units of its new iPhone 3G in its first three days of release in July. Nokia has said it plans to bring touch-screen models to all price ranges. Nokia’s 5800 handset will retail for about 30 percent less than Apple’s iPhone, according to Citigroup.
Sources: Bloomberg, Jornal de Negócios
In USA, NOK shares are up more than 4%!!!
If you would like to make a comment, please fill out the form below.
Recent Comments