Have now downloaded and checked it out, although not yet taken it for a drive, but I am very impressed. I expect this to be quite huge frankly.
I could easily believe that 50% of compatible phones will have this downloaded within a year. Google surely will be a bit worried about this at their next board meeting. On the flipside, I reckon Garmin will be doubly worried, which is a shame given how good a customer they have been to Nokia. I don't know how much revenue NOK will be losing (in the short-term) by giving this out for free and cannibalising Garmin PND sales, ergo NOKs royalties per device.
I had actually hoped that NOK were going to charge something for this, like $50 a year or something, and I was more than happy to pay, but giving it out for free? Who is going to turn that down?
Google surely got to be worried, how much? dunno, i'm guess 20% worried.......
Someone brought up the other day the order of earnings that NOK is this time before ERIC and ALU. Isn't that better this time -- because NOK's business has diversified just like you said, and it's better not to have earnings flavored by more homogeneous companies that are affected, for instance, more heavily by US landline declines?
I agree that given where NOK is right now, guidance will be critical. The Street will first respond to the numbers -- earnings and guidance -- but (assuming at least a meet top and bottom line), it will be the guidance numbers and quality, in terms of illuminating the opportunities for each Division, that will take the day. I don't know if the earnings consensus now is .08 or .09. I think it's .09.
GSMA, the wireless industry trade association, estimates that there in terms of global sim connections, 2G will still be at 3.2 billion in 2020 (from 3.8 billion in 2008.) 3G global sim connections will be at 3.7 billion (from 416 million in 2008.) 4G global sim connections will be at 2.3 billion (from 1 million in 2008.) The total number of sim connections exceed unique sim subscribers because people tend to have multiple sim connections around the world.
Corporations depreciate their private networks over 5-7 years, but wireless carriers depreciate their public networks over 10-15 years so while 4G is growing at double digit rates in the developed world, 2G and 3G networks in the developing world are still growing, albeit, at very low single digit rates.
So to nitpick a bit, the future is very bright for Nokia because of the breadth and depth of its technology across multiple standards - 2G, 3G and 4G.
Just get your money up front (or as projects progress) from India. Don't let them change the rules midway through.
Huge growth coming for Nokia. They're established in almost all countries and continents. Network segment is only gonna grow while Nokia becomes a big player.
Sentiment: Strong Buy
Looks like word got out on the street about the sale of NOK stock in aisle 9. Have you seen the line in the parking lot? The next couple of days are going to a madhouse. I fully expect the National Guard to be called in!
Doable? How much of the world is still migrating from 2G to 3G? The future is very bright for Nokia where it is positioned and where its attention is focused.