Devices & Services Q3 net sales increased 6% quarter-on-quarter to EUR 2.9 billion.
- Lumia Q3 volumes increased 19% quarter-on-quarter to 8.8 million units, reflecting our recently
broadened Lumia product range and strong customer demand, particularly for the Lumia 520.
- Mobile Phones Q3 volumes increased 4% quarter-on-quarter to 55.8 million units, demonstrating solid
performance across the majority of our portfolio due to recently launched devices, particularly the
Nokia 105, the Asha 501, and the Nokia 210.
In the third quarter 2013, Devices & Services total smartphone volumes increased sequentially to 14.7 million units,
compared to 11.7 million units in the second quarter 2013, composed of:
8.8 million Lumia smartphones in Smart Devices
5.9 million Asha full-touch smartphones in Mobile Phones
- Nokia expects NSN’s non-IFRS operating margin in the fourth quarter 2013 to be approximately positive 12
percent, plus or minus four percentage points. This outlook is based on Nokia’s expectations regarding a number
of factors, including:
- competitive industry dynamics;
- product and regional mix;
- industry seasonality;
- the timing of major new network deployments; and
- expected continued improvement under NSN’s restructuring and transformation programs.
- In the fourth quarter 2013, Nokia expects NSN to deliver solid net sales growth on a sequential basis, supported
by strong industry seasonality.
Additionally, Microsoft will become a strategic licensee of the HERE platform, and will separately pay Nokia for a four
year license. This revenue stream is expected to substantially replace the revenue stream HERE is currently receiving
from Nokia's Devices & Services business internally. If the transaction closes Microsoft is expected to become one of
the top three customers of HERE
Had a hard time locating this news whereas ALU and Samsung's names in regards to the Sprint's deal are all over. search for the title and you'd see the article
The vendors that will roll out Sprint Spark are Alcatel-Lucent (NYSE:ALU), Samsung and Nokia (NYSE:NOK) Solutions and Networks. Noticeably absent from the list is Ericsson (NASDAQ:ERIC), which is Sprint's managed services vendor for its entire network and also a key vendor for its Network Vision network upgrade program. An Ericsson spokesman did not immediately have a comment, but Alcatel-Lucent, NSN and Samsung wasted no time touting the contract win.
Wow one-third of Sprint's deployment markets go to NSN
"Sprint said the vendors will provide 2.5 GHz radio heads to enable Sprint Spark, and that each company will service approximately one-third of Sprint's deployment markets, much as Network Vision's deployment has been split among Alcatel-Lucent, Ericsson and Samsung."
Shares of Nokia Corporation (ADR)(NYSE:NOK) are up 23 cents, or 3%, at $7.93, after J.P. Morgan’s Sandeesh Deshpande reinstated coverage of the stock with an Overweight rating and a $10.80 price target. Also on the positive side, Berenberg Equity Research’s Adnaan Ahmad reiterates a Buy rating on the ordinary shares, and raises his price target €8.40 from €5.80, writing that “Nokia’s royalty rate should gradually inflate to 0.75% over time as it renegotiates existing deals and aggressively monetises its IPR pool.”