2009-04-17

Nokia Reports Better-Than-Expected 90% Drop in Profit

Sales down 27% to 9.3 billion euros
93 million devices sold, down 19% from a year ago
Global market share of 37%, down from 39%

Nokia 5800: 2.6 million unit shipped in the quarter, 3 million overall since Nov. 2008
Device Average Selling Price (ASP) now at 65 euros, down from 71 euros
Market share expected to rise in Q2 2009
Mobile device demand to stay flat or rise slightly

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