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Nokia smartphone marketshare tumbles to 31 percent

Posted on Thursday, January 27 2011 @ 22:00:39 CET by

Engadget reports Nokia's share of the smartphone market has dropped to only 31 percent in Q4 2010, down from 40 percent in Q4 2009. In the same timeframe, the company's operating profit dropped from 1.47 billion EUR (950 million EUR net) to 1.09 billion EUR (745 million EUR net).
Stephen Elop's first quarterly results as Nokia CEO have just come out, and while the company's still growing, others seem to be speeding ahead of it. Nokia's reporting its converged mobile devices (smartphones, to you and us) reached volumes of 28.3 million during Q4 2010, which is a neat bump from 20.8 million at the same time last year and 26.5 million in the previous quarter. However, in the context of the broader smartphone marketplace, that figure now amounts to only a 31 percent share, according to Nokia's own estimates, which is a major dip relative to its 40 percent slice in Q4 2009 and 38 percent in Q3 2010.



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