Bangkok--17 Oct--Aziam Burson-Marsteller
Nokia, the world leader in mobile communications, today announced its business achievements for the third quarter of 2008. Nokia Q3 2008 net sales were EUR 12.2 billion (564 billion baht). Nokia mobile device volumes were 117.8 million units, up 5.5% year on year.
“As a result of our strong operational management and market position, Nokia was able to achieve solid margins and operating cash flow of 1.3 billion euros for the third quarter of 2008. With our scale, brand, improving product portfolio and low cost structure, we believe Nokia is well positioned for the current times”, said Olli-Pekka Kallasvuo, Nokia CEO.
In the third quarter 2008, Nokia mobile device volume of our Devices & Services group reached 117.8 million units, representing 5.5% year on year growth. The overall industry mobile device volume for the same period reached 310 million units based on Nokia's estimate, representing 8% year on year growth and a 2% sequential increase.
Of the total industry mobile device volumes, converged mobile device industry volumes in the third quarter 2008 increased to 44.2 million units, based on Nokia's estimate, compared with an estimated 31.7 million units in the third quarter 2007. Nokia converged mobile device volumes were 15.5 million units in the third quarter 2008. We shipped almost 9 million Nokia Nseries and 3 million Nokia Eseries devices during the third quarter 2008.
Nokia expects industry mobile volume will be approximately 1.26 billion in 2008, up from approximately 1.14 billion units Nokia estimated for 2007. Nokia continues to target an increase in its market share in mobile devices in 2008.
* Exchange rate Baht 46.25 per Euro 1, as of October 16, 2008