Nokia has reported a loss of £391m for Q3 2009,
compared with profits of £1.3bn n a year earlier, but signalled that the
handset market would improve in the fourth quarter.
The manufacturer reported sales down 20% year on year
to £9bn, blaming the dip on component shortages across its portfolio.
Nokia shipped 108.5 million devices during the period,
down 8% year on year but up 5% on the previous quarter.
Average selling price per unit was £57, down from £66
a year earlier, due to a ‘higher proportion of sales of lower priced products,
as well as general price pressure’, the manufacturer said.
Meanwhile, it maintained a 38% market share, and said
it expected mobile device volumes to be up sequentially in the fourth quarter
Nokia said it expects total industry device volumes to
have shrunk around 7% in 2009 – an ‘update’ on the prediction it made earlier
this year that the handset market would decline by 10% during 2009.
Nokia CEO Olli-Pekka Kallasvuo said:‘The demand for mobile
devices improved in many markets during Q3. With the average selling price of
our devices holding firm quarter-on-quarter, our higher device volumes
translated into increased net sales in our Devices & Services business.
volumes and net sales were, however, somewhat constrained by component
shortages we encountered across the portfolio. I also want to highlight the
good operating expense management that helped the segment deliver solid