Author: Ken Hyers

Publication Date: Apr 22 2013

Pages: 8

Report Type: Insight, Word

 Device Technologies

Q1 13 Nokia Lumias Rise But Not Fast Enough

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Report Summary:

Nokia shipped 61.9 million handsets worldwide in Q1 2013, down to 2005 levels, in a seasonally weaker post-holiday quarter with consequent weak demand in feature-phones globally. In contrast, Nokia saw demand for its fresh line of Windows Phone 8 based Lumia smartphones steadily grow as it expanded the reach to hundreds of new markets. Additionally, tighter cost controls and lower operating expenses helped Nokia sneak out some positive operating profits. However, Nokia has its work cut out for the rest of 2013 to ramp up Lumia smartphone shipments quickly to offset the Symbian and feature-phones decline due to stiffening competition from the army of Android handsets globally. Improving its weaker performance in China, US, UK, Japan and Korea should also be priority, which is causing Nokia to lose its marketshare, revenueshare and mindshare.

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