Nokia outs first quarter earnings, market share slips just a bit
mind-boggling 40 percent of the world's mobile market share, the number one manufacturer slipped a smidge in the first quarter of this year, dropping down to 39 percent globally. That news is just one tidbit of a very interesting report that sees Nokia's year-over-year performance improve by a wide margin, while at the same time warning that the value of its mobile business is expected to decline versus 2007 thanks largely to the weak US dollar and a global economy that's been putting on the brakes as of late. Also of note is CEO Olli-Pekka Kallasvuo's comment that the company will have no "major new products" shipping in the second quarter, likely putting to rest any hopes that we'd see the N78 out before July -- unless the guy doesn't consider the N78 a major new product, which we think would be a pretty misguided belief. Nokia also notes here that it still expects to grow its market share overall in 2008 -- despite the 1 percent decline this quarter -- so any other players out there gunning at nabbing a piece of that profitable pie are going to have to keep the pressure on, it seems.
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