Q4 results show Nokia increased market share to 39%

Nokia has reported their Q4 2009 results and after a year of job cuts and restructuring CEO Ollo-Pekka Kallasvuo stated “We grew our market share in smartphones in the fourth quarter, driven by the successful launch of new touch and QWERTY models. Our performance in smartphones, combined with continuing success in the emerging markets, helped us increase sales in our Devices & Services unit, both quarter-on-quarter and year-on-year.”

Here are some highlights:
– Nokia estimated mobile device market share of 39% in Q4 2009, up from 38% in Q3 2009.
– The full year 2009 estimated market share was 38%, down from 39% in 2008.
– Nokia mobile device volumes of 126.9 million units, up 12% year on year and up 17% sequentially.
– Estimated industry mobile device volumes of 329 million units, up 8% year on year and up 14% sequentially.
– Devices & Services increased its gross margin to 34.3%, from 30.9% in Q3 2009.
– Nokia net sales of EUR 12.0 billion, down 5% year on year and up 22% sequentially
– Devices & Services net sales of EUR 8.2 billion, up 0.5% year on year and up 18% sequentially
– Services net sales of EUR 169 million, up 15% sequentially; billings of EUR 226 million, up 31% sequentially.

In the report Nokia states that they “shipped approximately 4.6 million Nokia Nseries and approximately 6.1 million Nokia Eseries devices during Q4 (up from a total 8.9 million Nseries and Eseries shipped in Q3 2009)

Kallasvuo also said “Our focus remains firmly on execution, especially around user experience. Here I want to highlight our move to shake up the navigation market with free walk and drive navigation on our smartphones, a good example of how we are leveraging our assets to bring real benefits to consumers.”

More results here at Nokia