Nokia reported record mobile device volumes in Q4 2004, saying it now estimates that mobile subscriptions worldwide number 1.7 billion. The company cited the ongoing boom in growth markets such as Latin America, Russia, India and China, and brisk sales of color screen and camera phones. However, Nokia's North American phone volumes were disappointing.
Nokia's full-year 2004 mobile device market share was 32%, based on an estimated market volume of 643 million units.
Additional highlights of the quarterly report include:
- Q4 net sales increased 3% to EUR 9 063 million (EUR 8 789 million in Q4 2003), up 8% at constant currency.
- Q4 operating profit decreased 19% to EUR 1 357 million (EUR 1 669 million), with an operating margin of 15.0% (19.0%).
- For Q1 2005, Nokia group net sales are expected to be in the range of EUR 7.0 billion - EUR 7.3 billion, compared with EUR 6.6 billion in the first quarter 2004.
