10/27/2007

Nokia accounted four in 10 handsets shipped worldwide

Nokia in the third quarter accounted for nearly four in 10 handsets shipped worldwide, as the overall mobile-phone market grew a healthy 6.4% from the previous quarter. The Finnish mobile phone maker shipped 111.7 million units, a 10.8% increase from the 100.8 million units sold in the second quarter. The increase, which was more than the collective increases in shipments from the other four top suppliers, raised Nokia's market share to 39.5% from 37.9% in the second quarter.

Nokia also led other handset makers in operating profit in the third quarter, achieving an exceptionally healthy 22.2% operating margin. The average for the top five suppliers was 10.5%. The only downside of Nokia's third-quarter performance was in the Americas. In Latin America, Nokia shipped 12.7% fewer units than it did in the second quarter; and in North America, shipments declined 1.7%.

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