Nokia has released its Q1 2011 results, reporting an operating profit of €439 million (down 10% Year-on-Year), with net sales of €10.399 billion (up 9% YoY). Nokia's device and service division's profits were €439 million, down 10% from last year. Margins in devices and services were 9.8% (down 2.3% YoY and down 1.5% QoQ).
Total converged devices sales (mainly Symbian-powered smartphones) were 24.2 million, compared with 21.5 million units in Q1 2010 (up 13% YoY) and compared with 28.3 million units in Q4 2010 (down 14%, QoQ). Worldwide smartphone market share was 26%, down 5% sequentially and 15% year on year. Read on for more analysis and more details.
Nokia announced yesterday that the Ovi Store now reaches up to five million downloads per day. Ovi Store now contains more than 40,000 content items, representing an eight fold increase in the catalogue since last year, with approximately 1,000 additional items being added every week. Symbian^3 devices (N8, C6-01, C7 and E7) are responsible for 15% of daily downloads (750,000 per day). Read on for charts and analysis.
Snaptu, the startup company which produces the well-known J2ME mobile app, have agreed to be acquired by social networking giant, Facebook. Snaptu is the first Israeli start-up company to be acquired. According to Israeli news site, Calcalist, this buy-out has brought investors approximately a six-fold return on their investment. The Snaptu application has a massive reach by targetting Java compatible mobile phones, most of which lack any sort of app store. Furthermore, the wide range of social networks and content offered by Snaptu bring services to feature phones which are otherwise restricted to more advanced smartphones. Read on for more.
A group of companies, drawn from both the consumer electronics and automotive industries, today announced the formation of the Car Connectivity Consortium, to help develop, maintain and promote in-vehicle connectivity solutions such as Terminal Mode, NFC and wireless charging. The stated goal of the organisation is to have "a seamless, safe, effortless and delightful user experience when using a smartphone in a car".
Somewhat ironic in the light of Nokia's imminent partnership with Microsoft to produce Windows Phone phones ("joining an ecosystem"), figures have been released showing that Nokia's Ovi Store revenues (much of which was from Symbian-based smartphones) were up 719% year on year and ahead of the Google Android Market. More stats below.
Over on Engadget, Chris Ziegler has grabbed a video Q and A session at Mobile World Congress with Stephen Elop. It’s wide ranging in the ground covered, although given the short time-scale it’s mostly sound-bites and short paragraph style answers. And some questions were outright dodged. Nevertheless, it casts some more sunlight on the decisions of Elop and how the next few months are going to pan out for Symbian, Meego and Nokia.
Two days after its investor-focused Strategy and Financial meeting, much covered in previous stories, Nokia held a more consumer-focussed press conference just before Mobile World Congress in Barcelona. While the overall message was no different to Friday's event, Nokia did provide some additional details on its short-term Symbian plans. These include a wave of new devices and significant software updates for Symbian^3. [Story updated after Rafe got back from the event]
At its Strategy and Financial Briefing event today in London, Nokia has outlined its "new strategic direction, including changes in leadership and operational structure to accelerate the company's speed of execution in a dynamic competitive environment". Some more quotes below, but in short this means a reorganisation into "Smart Devices" and "Mobile Phones", and adding a new OS platform to its portfolio, with Windows Phone becoming Nokia's "primary smartphone platform" and Symbian becoming "a franchise platform, leveraging previous investments to harvest additional value". More below, and more through the day, of course. Rafe's on the ground, see the other Coveritlive news item.
At a Strategy and Financial Briefing, which takes place at 10 am GMT on February 11th Nokia's CEO, Stephen Elop, is expected to outline his vision for the future strategy of the company. Rafe will be reporting live from Intercontinental Park Lane Hotel, London, where the event is taking place. You can follow our live coverage using this story or via our Twitter accounts (@aas and @allaboutmeego).
Even though we first reported on the standardisation of mobile phone chargers two years ago, the International Electrotechnical Commission has finally published its IEC International Standard IEC 62684, entitled "Interoperability specifications of common external power supply (EPS) for use with data-enabled mobile telephones". This final push has partly been made possible by the IEC signing a "memorandum of understanding" with the USB Implementers Forum. The standard has been based on specifications from fourteen companies: Apple, Nokia, Research in Motion, Emblaze Mobile, Huawei Technologies, LGE, Motorola Mobility, NEC, Qualcomm, Samsung, Sony Ericsson, TCT Mobile (ALCATEL), Texas Instruments and Atmel.
Nokia has released its Q4 2010 results, reporting an operating profit of €884 million (down 23% Year-on-Year), with net sales of €12.65 billion (up 6% YoY). Nokia's device and service division's profits were €1090 million, up 10% from Q3. Margins in devices and services were 11.3% (down 4.1% YoY and up 0.9% QoQ).
Nokia sold more than 5 million Symbian^3 devices. Total converged devices sales (mainly Symbian-powered smartphones) were up, at 28.3 million, compared with 20.8 million units in Q3 2009 (up 36% YoY) and compared with 26.5 million units in Q3 2010 (up 7%, QoQ). Worldwide smartphone market share was 31%, down 6% sequentially and 9% year on year, due to the overall smartphone market growth, estimated up by a huge 63% YoY. [Post updated with extra charts and quotes]
O2 has launched "O2 WiFi", offering free WiFi to anyone, whether or not they are an O2 customer. O2 now takes the view that the service can be better paid for by advertising on the hotspot landing pages rather than getting revenue from specific subscribers. In Q1, 2011, O2 is rolling out 450 free hotspots and by 2013 they 'aim to have approximately 15,000 hotspots'.
Nokia have put in place plans to close the all-you-can-eat version of the Ovi Music store. Originally called Comes with Music, and currently branded as Ovi Music Unlimited, the service was available with a select number of handsets, including the X6 and N97 Mini. Nokia have no plans to supply this handset/service combination beyond the end of this year to the majority of territories.
An interesting question from Jeff Pulver on his blog – should our phones have a “dumb” mode that allows nothing but phone calls to come through? The goal of course is to reduce needless accidents as people text, browse and generally use their phone to communicate and distract them from driving (see also AOL’s The Last Text campaign).
