Nokia hasn’t exactly had the much financial success in 2009, and sad to say, Q3 sales don’t stray far from this trend.
Compared to last quarter, net sales and operating profits were down by just 1% and 4.4% respectively. However, taking a look at their performance during the same period last year, it becomes troubling with a 19.8% drop in sales and a huge 38% fall out in operating profit. Lucky for Nokia, their current #1 position in the market remains unharmed. For the complete figures for Q3, you can head on over here to see all the gory details.
With the global financial crisis easing out, it’s hard to continuously blame poor sales on curbed consumers spending less, especially considering that other players have managed to make some headway. Has Nokia finally tanked after years of dominating the mobile phone industry? It appears that way, but it’s really still too early to tell. WIth the unveiling of the new N900 smartphone and Maemo platform, it seems that they’ve still a got a few aces up their sleeve. As far as their position in the market is concerned, the Finnish mobile phone maker, in all likelihood, will still finish top of the charts when 2009 draws to a close. I’m less confident about that happening in 2010 given how aggressive Samsung has been recently with no signs of letting up.
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