Mobile phone maker Nokia Corp yesterday said its first-quarter earnings rose 25 percent on demand for cheaper phones in emerging markets.
The results came in below analysts expectations, and Nokia’s share price fell more than 6 percent to 19.59 euros (US$31.20) in Helsinki.
Net profit was 1.2 billion euros in the first three months of the year, up from 980 million euros on the same period of last year.
Revenue increased 28 percent to 12.6 billion euros, from 9.8 billion euros a year earlier, with strong growth of handsets sales in Asia, the Middle East, Africa and Latin America.
The world’s biggest mobile phone maker said its market share had fallen slightly to 39 percent, from 40 percent in the previous quarter.
Nokia said it sold more than 115 million mobile devices in the three-month period — an increase of 27 percent from last year.
The Finnish company expects the mobile phone market worldwide to grow by some 10 percent this year from its estimate last year of 1.14 billion units, but added that the average selling price across the industry would continue to fall during the year.
Nokia CEO Olli-Pekka Kallasvuo said he was pleased with the quarterly result and gave an upbeat forecast for the rest of the year.
“The overall device market developed as expected, with the greatest demand in emerging markets where our position is very strong,” Kallasvuo said. “The competitiveness of our product portfolio is reflected in our market share and we target market share gains in the second quarter.”
But he said that Nokia would have “no major new products” in the second quarter.
It was late morning and steam was rising from water tanks atop the colorful, but opaque-windowed, “soapland” sex parlors in a historic Tokyo red-light district. Walking through the narrow streets, camera in hand, was Beniko — a former sex worker who is trying to capture the spirit of the area once known as Yoshiwara through photography. “People often talk about this neighborhood having a ‘bad history,’” said Beniko, who goes by her nickname. “But the truth is that through the years people have lived here, made a life here, sometimes struggled to survive. I want to share that reality.” In its mid-17th to
‘MAKE OR BREAK’: Nvidia shares remain down more than 9 percent, but investors are hoping CEO Jensen Huang’s speech can stave off fears that the sales boom is peaking Shares in Nvidia Corp’s Taiwanese suppliers mostly closed higher yesterday on hopes that the US artificial intelligence (AI) chip designer would showcase next-generation technologies at its annual AI conference slated to open later in the day. The GPU Technology Conference (GTC) in California is to feature developers, engineers, researchers, inventors and information technology professionals, and would focus on AI, computer graphics, data science, machine learning and autonomous machines. The event comes at a make-or-break moment for the firm, as it heads into the next few quarters, with Nvidia CEO Jensen Huang’s (黃仁勳) keynote speech today seen as having the ability to
The battle for artificial intelligence supremacy hinges on microchips, but the semiconductor sector that produces them has a dirty secret: It is a major source of chemicals linked to cancer and other health problems. Global chip sales surged more than 19 percent to about US$628 billion last year, according to the Semiconductor Industry Association, which forecasts double-digit growth again this year. That is adding urgency to reducing the effects of “forever chemicals” — which are also used to make firefighting foam, nonstick pans, raincoats and other everyday items — as are regulators in the US and Europe who are beginning to
NEXT GENERATION: The company also showcased automated machines, including a nursing robot called Nurabot, which is to enter service at a Taichung hospital this year Hon Hai Precision Industry Co (鴻海精密) expects server revenue to exceed its iPhone revenue within two years, with the possibility of achieving this goal as early as this year, chairman Young Liu (劉揚偉) said on Tuesday at Nvidia Corp’s annual technology conference in San Jose, California. AI would be the primary focus this year for the company, also known as Foxconn Technology Group (富士康科技集團), as rapidly advancing AI applications are driving up demand for AI servers, Liu said. The production and shipment of Nvidia’s GB200 chips and the anticipated launch of GB300 chips in the second half of the year would propel
RSS