Holiday Gift Guide
Gift ideas & reviews for this holiday season
You are here:
Business & Finance
Holiday Gift Guide
The Great Debate
Do More With Reuters
You Witness News
Make Reuters My Homepage
Support (Customer Zone)
About Thomson Reuters
Nokia seen outlining smartphone, services push
Mon Dec 1, 2008 11:07am EST
Email | Print |
| Reprints | Single Page
By Tarmo Virki
BARCELONA (Reuters) - World mobile phone leader Nokia is expected to bolster its offering of high-end phones at a media and industry event in Barcelona on Tuesday, where it is also due to outline a push into Internet services.
Nokia still dominates the market for smartphones -- handsets with computer-like features such as e-mail -- but sales dropped in the third quarter from a year earlier and it lost share to Apple and Blackberry maker Research In Motion (RIM).
"I'm sure there will be a few new phones shown on Tuesday and Wednesday, something in the smartphone and touchscreen area," said Handelsbanken analyst Jan Dworsky.
The battle for smartphone business has heated up since Apple introduced the iPhone last year, with all vendors trying to grab a bigger slice of a market that is seen growing despite the backdrop of economic gloom.
"Smartphones should be a better-performing segment than others in 2009, even though growth will slow down versus 2008," Dworsky said.
While growth in the total mobile phone market slowed to just 3 percent in the third quarter, the smartphone market grew 28 percent from a year earlier to 40 million phones, according to research firm Canalys.
Surging demand for the latest iPhone and Blackberry models helped Apple and RIM to win a larger share of the smartphone market in the third quarter.
"Apple has redefined the whole category," said Sean Dalton, general partner at Highland Capital Partners, stressing the easy functionality of Internet use on the iPhone.
"I think the smartphone market really is two markets: In one there are two players: Apple and RIM. The other market is everybody else. No one of them has materially differentiated," Dalton said.
Nokia has led the smartphone market by a large margin for several years, but its sales fell on an annual basis for the first time in the third quarter as it was only ramping up production of new top-end models.
The drop has worried investors and analysts as it is expected to weigh on the Finnish group's profit margins.
Nokia's share of the market for smartphones fell to 38.9 percent from 51.4 percent a year before, Canalys said. Apple's market share jumped to 17.3 percent and RIM's to 15.2 percent.
To battle new rivals, Nokia said in June it would buy out other shareholders of UK-based smartphone software maker Symbian for $410 million and make its software royalty-free for other phone makers to counter new rivals.
Since then, 59 companies have said they plan to join the Symbian Foundation, including major mobile phone makers, making it larger than the alliance behind Google's Android.
Nokia would contribute Symbian's assets to the not-for-profit organization, the Symbian Foundation, uniting with handset makers, network operators and communications chipmakers to create an open-source platform. Continued...
View article on single page
"Halo Trilogy" soundtrack set previews new game
Videogames on vacation
Videogame makers are designing their consoles with the holiday traveler in mind; making them more of an end destination. Full Article
A selection of our best photos from the past 24 hours. Slideshow
Lifestyle: Exhibit shows how native tribe survived
Business: Murdoch wants NY Times for empire?
International: Examining Christianity's lost age
Most Popular on Reuters
Indian security chief resigns over Mumbai attacks | Video
Credit-card industry may cut $2 trillion lines: analyst
UPDATE 1-German carmakers make fresh move to cut output
Alabama mayor arrested on corruption charges
India demands Pakistan act decisively on Mumbai attack | Video
Dow loses 679.95 as economy, Bernanke revive fear | Video
Obama names Clinton, Gates to lead foreign policy | Video
Research on mice links fast food to Alzheimer's
Thai protesters consolidate hold on airport | Video
GM board reviews new turnaround plan for bailout
Most Popular Articles RSS Feed
Defiant Cafe Leopold reopens
Kabul bomber targets German car
Living off the land and freebies
Opec discusses falling oil price
Thai political crisis deepens
Talk of the Town: Box office cheer
The long wait for Congo refugees
Hundreds die in Nigerian riots
India's politicians in Mumbai furore
Mumbai siege turns political
Most Popular Videos RSS Feed
Recent data suggest the online retail industry is bracing for flat or even contracting holiday sales. Full Article
The global destination for corporate leaders, deal-makers and innovators
Knowledge to Act
Help and Contact Us |
Advertise With Us |
Interactive TV |
Reuters in Second Life |
Site Index |
Thomson Reuters Corporate:
Professional Products |
Professional Products Support |
About Thomson Reuters |
Latin America |
United Kingdom |
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.