Nokia Q4 2007 - Achieved 40% Global Cellphone Market

Nokia Q4 2007 achieved 40% Global Cellphone Market. Nokia just published the Q4 and full year 2007 results. Q4 2007 estimated device market share reached 40%, with significantly increased margins and quarterly operating cash flow of EUR 2.7 billion. Nokia Board of Directors will propose a dividend of EUR 0.53 per share for 2007 (EUR 0.43 per share for 2006).

Here are the numbers you should know about:
* 40% market share officially reached

* 437.1 million devices were shipped in 2007 compared to 374.5 million in 2006, an increase of 25.8%
* 133.5 million devices shipped in Q4, up 27% compared to this time last year
* North American sales fell 23.3% to only 19.4 million units sold in all of 2007
* Average selling price per device increased by 1 euro compared to Q32007, it is now 83 euros

* Sales increased 34% compared to this time last year, bringing in 15.7 billion euros
o Mobile Phones increased sales 5% compared to this quarter last year
o Multimedia (Nseries) increased sales 48%
o Enterprise Solutions (Eseries) increased sales 102%

* Profit increased 64% compared to this time last year, total being 2.5 billion euros
o Mobile Phones increased their profits 48% to 1.8 billion euros compared to this quarter last year
o Multimedia increased their profits by 106% to 670 million euros
o Enterprise Solutions this quarter last year was loosing money, this quarter they made 118 million euros

* 38 million Nseries devices and approximately 7 million Eseries devices during the whole of 2007
* 18.8 million converged devices (S60) shipped in Q4 compared to 11.1 this time last year
* Over 11 million Nseries devices and over 2 million Eseries devices were sold in Q4

* Market share in North America dropped to 5.1% while every other region except China experienced double digit growth
o 37.2 million devices shipped in Europe; 28.3% more than last quarter
o 23.6 million devices shipped in the Middle East and Africa; 22.3% more than last quarter
o 20.2 million devices shipped in China; 6.9% more than last quarter
o 34 million devices shipped in the Asian Pacific region; 15.% more than last quarter
o 5.1 million devices shipped in North America; 5.6% less than last quarter
o 13.4 million devices shipped in Latin America; 39.6% more than last quarter

* Quote: “The 10 markets in which Nokia generated the greatest net sales in 2007 were, in descending order of magnitude, China, India, Germany, the UK, the US, Russia, Spain, Italy, Indonesia and Brazil, together representing approximately 50% of total net sales in 2007. In comparison, the 10 markets in which Nokia generated the greatest net sales in 2006 were China, the US, India, the UK, Germany, Russia, Italy, Spain, Indonesia and Brazil, together representing approximately 51% of total net sales in 2006.”
o Translation: America used to be Nokia’s number 2 source of income, in 2007 they became number 5

The complete press release with tables is available at www.nokia.com/results/results2007Q4e.pdf