Nolkia "dramatically lower quarterly profits" due to "global economic slowdown that was affecting people's ability to buy new mobile phones". They are not alone: "Motorola, Sony Ericsson and LG Electronics all reporting grim sales figures".
Motorola reports a loss and "said it lacked a popular handset to compete with its rivals".
Vodafone "grew revenues by 14.3 per cent" in the quarter, although "[s]tripping out the benefits of currency movements and the benefits of an Indian acquistion Vodafone's revenue actually fell one per cent while service revenue dipped 0.3 per cent." Voice revenue fell, but revenue from data services was up by 30 per cent.
Sources:
Motorola reports a loss and "said it lacked a popular handset to compete with its rivals".
Vodafone "grew revenues by 14.3 per cent" in the quarter, although "[s]tripping out the benefits of currency movements and the benefits of an Indian acquistion Vodafone's revenue actually fell one per cent while service revenue dipped 0.3 per cent." Voice revenue fell, but revenue from data services was up by 30 per cent.
Sources:
- Motorola loses ground to rivals, BBC, 3 Feb 2009.
- Nokia sales and profits plummet, BBC, 22 Jan 2009.
- Nokia results hit by slowing customer demand, Computing, 22 Jan 2009.
- Weak pound helps Vodafone dial up profit, The Register, 3 Feb 2009.
- Vodafone sees 30 per cent rise in UK mobile data, Computing, 3 Feb 2009.
- Sony Ericsson sales plummet, Computing, 16 Jan 2009.
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