Nokia said its net group sales rose 4% year-on-year in constant currencies in the first quarter of 2011 to 10.4 billion euros, driven by a 15% rise in sales at Nokia Siemens Networks. Sales in Nokia's devices and services division climbed just 1% in constant currencies to 7.09 billion euros.
Nokia said a 1% year-on-year increase in its global mobile device volumes during the first quarter "was driven primarily by an improvement in overall market conditions, offset by an intense competitive environment and tight component availability for certain products."
The Finland-based company said it expects shortages of certain components, related to the earthquake in Japan, to continue to impact its mobile device volumes at least through the second and third quarters of 2011. Nokia expects sales in its devices and services division to be between 6.1 billion and 6.6 billion euros in the second quarter 2011, compared with 6.8 billion euros in the same quarter in 2010.
Nokia said its sales forecast is based on a number of factors, including a "greater impact from our lack of dual-SIM devices than we experienced in the first quarter 2011 and a lower contribution from new products in the second quarter 2011 compared to the first quarter 2011 as we plan to start shipping the majority of our new products in the second half of the year."
Nokia estimated its mobile device market share was 29% in the first quarter 2011, down from an estimated 33% in the first quarter 2010 and an estimated 31% in the fourth quarter 2010. source: Nokia statement
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