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Nokia Sales Nosedive
22 January 2009, 10:33pm
Nokia's Q4 profit for 2008 fell to $746.7 million, a huge drop from $2.7 billion in Q3. Revenue was $16.4 billion, compared with $20.37 billion in the third quarter. For the full year, Nokia’s profit was $5.19 billion, on revenue of $65.7 billion. In units sold, Nokia reported 113.1 million phones, down 4% from the prior quarter and 15% from last year. They expect industry-wide phone sales to be 10% lower in 2009 than in 2008, not 5% as previously predicted. As of Dec. 31, 2008, Nokia had 128,445 employees, up slightly from 2007.
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Nokia\'s, Q4, profit, for, 2008, fell, to, $746.7, million,, a, huge, drop, from, $2.7, billion, in, Q3., Revenue, was, $16.4, billion,, compared, with, $20.37, billion, in, the, third, quarter., For, the, full, year,, NokiaÂ’s, profit, was, $5.19, billion,, on, revenueMore…
Mike Small
Member of the London Chapter of ISACA, the Information Systems Audit & Control Association (www.isaca.org)