The achieved operating profit stands at 403 million euro, which sounds much better than the 426 million euro loss recorded in Q3 of 2009. Mind you, the mobile division actually earned over 800 million but NAVTEQ and Nokia Siemens Network continue to lose money.
The average selling price of the Nokia feature phones is 42 euro (a 3 percent increase YoY), while smartphones cost 136 euro on average (28 percent decrease YoY).
Results are good, but market share is shrinking
Nokia still remains the largest cell phone manufacturer in terms of sher volumes but according to its own estimates their market share has slipped down to 30 percent (a serious decrease from the 34 percent share in Q3 2009). If current trends continue the company will be almost level with Samsung (their Q3 results aren't out yet) come the year end.
Still the Finns are having high hopes for Q4, as they will be offering a pretty interesting choice of devices. The N8 multimedia powerhouse is set to lead the fightback, while C7, E7 and C6-01 should also be on the front line. Nokia expects to see a great performance from entry-level devices such as E5 and X3 Touch and Type.
It's also about time that the Ovi store starts earning some cash to justify its existence. It's currently registering more than 2.7 million downloads per day, which is peanuts compared to iOS but still better than its own results for the same period of last year (1.7 million downloads per day).
Nokia also revealed its plans for further restructuring and optimization of its activities. Overall, the new streamlined functions will allow the company to let go 1800 employees globally.
New Software Plans
And the company is taking measures to catch up too. As of today the company is adopting Qt as its sole development platform. This means that all apps made available for Symbian from now on will be compatible with MeeGo and vice versa. So developers won't need to make the tough choice between the two operating systems used by Nokia.
Qt will also be getting HTML5 support for development of both web content and applications. The Nokia devices web browser will support the HTML5 standard as well. Next Nokia announced that you won't be hearing any more talk of Symbian^4 from them. The improvements that were planned for Symbian^4 will be introduced as soon as they become available - so instead of one big release, it's going to be more of a series of iterative updates to the existing platforms.
That means that if you buy a Nokia device now, you won't need to wait for all the parts of the new interface to be ready and you will be able to get some of them sooner. Plus there is no risk of some devices not getting a Symbian^4 upgrade anymore.
