24/7 Wall St.
07-17-2008, 08:10 AM
24/7 Wall St. Daily News
Nokia (NOK) had a stronger second quarter than most people expected. According to The Wall Street Journal, "Nokia said sales rose to €13.15 billion from €12.59 billion. Analysts expected sales of €12.86 billion." Just as important, Nokia's global market share rose to 40% from 39% last year and the company shipped 122 million handsets. A great deal of the improvement came due to sales of units in India and China. This is not exactly good news for companies like Motorola (MOT), RIM (RIMM), and Apple (AAPL). The US and EU are becoming modest to zero growth markets for handsets. Improving... http://feeds.feedburner.com/~f/typepad/RyNm?i=gmYjTJ</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=gmYjTJ) http://feeds.feedburner.com/~f/typepad/RyNm?i=ioYMtJ</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=ioYMtJ) http://feeds.feedburner.com/~f/typepad/RyNm?i=bGemNj</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=bGemNj)
complete story here... (http://www.247wallst.com/2008/07/nokia-nok-sucks.html)
Nokia (NOK) had a stronger second quarter than most people expected. According to The Wall Street Journal, "Nokia said sales rose to €13.15 billion from €12.59 billion. Analysts expected sales of €12.86 billion." Just as important, Nokia's global market share rose to 40% from 39% last year and the company shipped 122 million handsets. A great deal of the improvement came due to sales of units in India and China. This is not exactly good news for companies like Motorola (MOT), RIM (RIMM), and Apple (AAPL). The US and EU are becoming modest to zero growth markets for handsets. Improving... http://feeds.feedburner.com/~f/typepad/RyNm?i=gmYjTJ</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=gmYjTJ) http://feeds.feedburner.com/~f/typepad/RyNm?i=ioYMtJ</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=ioYMtJ) http://feeds.feedburner.com/~f/typepad/RyNm?i=bGemNj</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=bGemNj)
complete story here... (http://www.247wallst.com/2008/07/nokia-nok-sucks.html)