(Updates with share today trade in the sixth paragraph).
April 20 (Bloomberg)--Nokia Oyj may tomorrow report a decrease of 49 per cent of profit and forecast further erosion before that big manufacturer the most mobile phones introduced its first smartphones using the operating system of Microsoft Corp...Income net in the first quarter Nokia based in Espoo, Finland can fall to 177 million euros ($253 million) of 349 million euros a year earlier, on the average of 19 Analyst estimates compiled by Bloomberg. For devices and services adjusted for certain items probably operating margin fell by 3.6 percentage points to 8.5%, the average of 23 estimates shows.Director General Stephen Elop, a former leader of Microsoft, said in February Nokia adopting Windows Phone 7 Microsoft operating system main smartphone, replacement of the Symbian platform he used more than 10 years. Investors want to know how long it will take to achieve the objective of $ 150 million of sale more combined on the latest versions of Symbian. "I will be not in the second quarter or the slope of the down - eventually be lower than the first quarter and thus implicitly the pit depth could be resumed until we get a new product-based"," said Stuart Jeffrey, an analyst from Nomura International Plc, London, which has a rating on the stock "reduce".MarginNokia of operation did not provide a year full forecast, citing uncertainty caused during the transition to Microsoft software. On 11 February, the day, he announced the agreement, Elop as a long-term objective to increase combined sales faster than the market with an operating margin adjusted 10 percent or after the transition to Windows Phone morethat he is expected to take place in 2011 and 2012.The shares added 7.5 cents or 1.3%, 1066mhz euros to 10: 30 a.m. Helsinki, valuing the company at EUR 21.9 billion. Before today, Nokia has lost 29 percent since announcing the partnership of Microsoft.Investisseurs will look for guidance on how much combined time margins will remain below the level of 10.9% last year and what will be the reorganized company.Job losses?Elop has predicted "substantial reductions" in jobs cuts analysts say may reduce one third of the euro 3 billion annual budget of the research and development. "As the current portfolio of Symbian matures and actually begins to expire without any new device Windows coming out in the near future, I think that the second half and in the third quarter specifically could be veryvery difficult, "said Mikko Ervasti, an analyst based in Helsinki at Evli Bank.Symbian market share, to 37.6% in 2010, will fall to 19.2 per cent this year and 5.2% in 2012, according to forecasts by researcher Gartner Inc., which measure sales to consumers." In the fourth quarter, Nokia has a share of smartphone of 30.8%, down 20 percentage since Apple Inc. points has shipped its first iPhone in 2007, according to Gartner.Apple, Sony EricssonApple, which presents the results today, can be said profit rose 64 percent to 5.03 billion on sales 23.4 billion. In the first quarter of Nokia forecast for devices and sales services is EUR 6.8 billion to 7.3 billion euros, with a margin in devices operating, adjusted restructuring charges and depreciation of assets acquired, from 7 to 10%.Sony Ericsson Mobile Communications Ltd., which moved to Android's Symbian the last year, reported yesterday a profit of EUR 11 million surprise after the company has sold high - combined price.Nokia will report earnings to approximately 1 local time tomorrow, with a conference call at 3 a.m., which can be monitored through the Web site. "My sense is that the temptation will be strong enough to sink Elop - this quarter - trying to set a clear canvas by saying that it is possible that we could be down 20 percent from year to year in unit shipments, "said Lee Simpson, an analyst at Jefferies International Ltd. London.N8 SmartphoneNokia of the device in the first quarter shipments, usually lower, probably dragged company 1.6% from a year earlier to 106.1 million units, according to analysts surveyed by Bloomberg." Portfolio during the quarter included phone touchscreen N8 that he used to release a Symbian improved in September, with three related models, including the C7, which T-Mobile USA sells as probably Astound .first-quarter income has increased by 6.5% to 10.14 billion euros, the average 39 estimates, as deployed Nokia in new models more operators and markets.Android, IPhone5Nokia last week released an update for Symbian and two smartphones to ship in the summer, when they are likely to compete with the iPhone of Apple 5 and the latest models running the system Android from Google Inc. from vendorsincluding Samsung Electronics Co., seller of second combined of the world and HTC Corp., the Taiwanese manufacturer who spent Nokia in the market value of this month.Gartner predicts that android will run on 38.5% and smartphones sold this year. Google software moves in less expensive hardware and begins to compete with the high volume, low margin phones company composed of half of Nokia handset revenues and 78% of its unit sales last year. "Investors will want to get a sense of how much time will a Symbian tail, the speed with which it will ramp down,"stated Stephen Patel, an analyst based in San Francisco to Gleacher & Co."It will depend on the reaction of consumers to Nokia going end-of-life with Symbian. "Some don't care and others want to buy a product that is not going to be around a few years."Japan EffectInvestors will also look for advice on knowledge if after the earthquake in Japan last month will affect shipments in the second and third quarters, Patel said, adding that disruptions, it could offset the usual seasonal increase. "" I will be the potential impact of the Japan, particularly in terms of supply chain, the potential bottlenecks and margins - or non-deterioration during the last year, we have seen will continue ", said Leon Cappaert, a Fund Manager of KBC Asset Management in Brussels with 330 million euros under managementincluding shares of Nokia into a General Fund for weighting purposes.-Editors: Kenneth Wong, Rob Valpuesta.
To contact the reporter on this story: Diana ben-Aaron in Helsinki at dbenaaron1@bloomberg.net
To contact the editor responsible for this story: Kenneth Wong in Berlin at the kwong11@bloomberg.net
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