Nokia loses sales, money, and market share in 2008 -- but not hope

Tim Stevens
T. Stevens|01.22.09

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Tim Stevens
January 22nd, 2009
In this article: economy, nokia, revenue, sales
Nokia loses sales, money, and market share in 2008 -- but not hope
Nokia loses sales, money, and market share in 2008 -- but not hope
Nokia has announced its financial figures for 2008, and while the news is predictably not good, it is a bit better than we've seen from other players in the mobile space. The company's overall sales were down 19 percent in Q4 of 2008 to €12.7 billion, while sales of devices and services were down 27 percent to €8.1 billion. Perhaps more troublingly it lost ground in the market share race, maintaining its number one position but dropping from 40 percent down to 37. While Nokia doesn't exactly see any bright light at the end of this economic tunnel just yet, it does at least think it won't lose any further ground in terms of market share. We'd love to hear what the good folks at Palm have to say about that.

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