Elop took over the fourth quarter, Nokia is the first full quarter after. Nokia N8 in the quarter-scale sales of smart phones. Analysts expect Nokia’s fourth-quarter profit fell 44%, while Apple‘s profit for the quarter were up 78% year on year.
Elop on September 21 last year, as Nokia CEO, he may need to wait until next month when the investor conference held in London, Nokia will announce plans for recovery. In the 3-year Apple introduced the iPhone, Nokia’s market share dropped by 10% to 30%. Elop’s tasks include streamlining the Nokia software platform to attract more third-party applications, and deal with the fierce competition in the price war.
Standard & Poor’s analyst James Crawford in London, Shaw (James Crawshaw), said: “This could be a quarter as expected, while the outlook will be slightly worse. Nokia’s problem is that the future strategy, and whether it can convince investors of new CEO , Nokia can be transformed into another Apple. ”
Since Elop was named CEO after Nokia, Nokia shares fell 0.8%. Apple and Google’s share price over the same period rose by 29% and 30%. Nokia is still the world’s largest mobile phone maker, market capitalization of 287 billion euros (39.3 billion U.S. dollars). Apple’s current market capitalization of 314.5 billion U.S. dollars.
Expected profit
According to Bloomberg statistics, the average estimate of 23 analysts Nokia’s fourth quarter net profit of 5.29 billion, lower than the same period the previous year’s $ 948,000,000. Nokia’s net profit last quarter, lower than the figure or in the last quarter of 2001, net income for the quarter was 4.5 billion euros.
SEB Enskilda analyst Ma Cini Strom (Mats Nystroem) said: “Nokia’s fourth quarter results benefited from the N8 and other smart phone sales, but Nokia also faces other challenges. Nokia needs to do more in terms of product line efforts to persuade investors that the company is in the right track. ”
Industry sources, Nokia’s quarterly results will depend on the N8 with the HTC Desire and other Android phones, and the iPhone and Blackberry phones in competition performance.
From: http://www.newsgoogle.info
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Tags: Apple, Blackberry, HTC, Iphone, market, N8, Nokia, Nokia CEO