Nokia had a good 2006…
Nokia, the No. 1 cell phone maker in the world, reported a 19 percent increase in profits based on strong sales and steady profit margins.
In the fourth quarter, Nokia posted earnings of $1.65 billion (1.27 billion euros) compared to earnings of $1.39 billion (1.07 billion euros) in the same quarter a year ago. For all of 2006, Nokia saw profits of $5.59 billion, up from $4.69 billion in the previous year.
Nokia shipped 106 million handsets in the fourth quarter, an increase of 27 percent from a year ago. It gained market share in every region of the world except North America. [CNET News.com:]
It’s not surprising that North America was not a growth market at all. Nokia has very limited penetration with US carriers and that’s really how handsets move around here… Offering unlocked devices is definitely nice, but price is what drives the sales and subsidized devices are hard to beat for most people.
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