Nokia’s smartphone volumes were down 56% y/y to 5.9 million (does not include Asha) vs. 13.3 million in 1Q12. Overall handset volumes were down 24% for Nokia. There remains little evidence of success as of yet in Nokia’s handset turnaround strategy.
Regarding China, McCourt notes,
The Chinese market remains severely fragmented, with Chinese-based manufacturers, including ZTE, Huawei, Lenovo and a large assortment of white-box vendors holding roughly 75% share of all handset sales and 67% of all smartphone sales during 1Q13. Smartphones represented 65% of all handset sales, up from 33% just one year ago. Meanwhile, Nokia’s share continued to shrink and is now under 3%, while Samsung grew its share to 13%. Of note, Apple climbed to 6.3% share of total handsets in China, surpassing its previous high of 5.6% shares reached one year ago during the iPhone 4S launch. We expect an iPhone on China Mobile could bring it more into the consistent 10% share range.
In the last four quarters, the brand “other” controlled 52% of unit sell-through in China, he notes.
This report is outdated and is not the one called for. We already got the 1Q result of Nokia, basically it is the result that reflect in the 5.7m shipment. China was not able to get enough shipments in Q1 because of Nokia manufacturing problems. That again is something we kept highlighting and China Mobile themselves complained about , 30000 delivered in lieu of 90000 ordered.
What we are looking for is pre announcement numbers for Q2 not Q1 , or at least some evidence. This is the quarter where 520 and 620 are pushed in numbers and where a strong Nokia critic , Wall Street cheat street mentioned Nokia is having a winner, finally !
hey dude Q1 came and went and EFLOP said sorry about the numbers in China, he couldn't compete with the local competition. Hello, do yu read or listen to anything the CEO says outside of his smirks and lying innuendos?
One more good example of "figures lie and liers figure".
Implying erroneous conclusions remains a lie.
To try to make believe that abandoning or switching out of an outdated product line is the same a declining sales of e new product would be typical of the short selling artist trying to scare people to produce runs. Repeat 27% more lumias? Is that a declining sales, Expanding the use of W8 at doubling rates in many places while NOK has the lions share of that plataform?
So let me get this straight. You pumptards like numbers when you get them by extrapolating from ridiculous sources like Adsense and the like, and use those numbers to twist yourself into a pretzel to make them fit your skewed ideas. But when somebody takes plain, simple figures directly from Nokia you then HATE numbers because those numbers simply MUST be lying if they do not agree with your pumpster agenda. Sound about right? ROFLMAO!!