Nokia Q4 Huge, Is it all thanks to Social Media?

January 29th, 2010 | No Comments | by Mod | Share

So with a tumbly three quarter run Nokia made a huge leap in the Q4 with a staggering  profit of good 882 million euro. All this can be attributed to the emerging market share and according to me its more cause of the help its getting from Social Media (twitter, facebook, myspace viz.) which helps spread the word, may be good or may be bad but its all spreading :D

http://eur.news1.yimg.com/eur.yimg.com/xp/afpji/20091015/newsmlmmd.ebd22421fbbbe273d5410ed8b49184e9.2211_nokia-ceo-olli-pekka-kallasvuob.jpg

We wont get into the full details as you can get them here, but his is what OLLI-PEKKA KALLASVUO, NOKIA CEO had to say:

“We grew our market share in smartphones in the fourth quarter, driven by the successful launch of new touch and QWERTY models. Our performance in smartphones, combined with continuing success in the emerging markets, helped us increase sales in our Devices & Services unit, both quarter-on-quarter and year-on-year. Our solid results also owe a good deal to world class supply chain management and impressive sales execution.

I was also pleased with Nokia Siemens Networks’ performance in Q4, especially considering the ongoing challenging conditions in the infrastructure market. That performance enabled it to turn in a full year profit on an operative basis.

Our focus remains firmly on execution, especially around user experience. Here I want to highlight our move to shake up the navigation market with free walk and drive navigation on our smartphones, a good example of how we are leveraging our assets to bring real benefits to consumers.”

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