Nokia has booked a EUR 908 million write-down in Nokia Siemens Networks, which reported a EUR 1.107 billion operating loss, on sales of 2.76 billion, for the quarter ended September 30th 2009. "The challenging competitive factors and market conditions in the infrastructure and related services business necessitated non-cash impairment charges at Nokia Siemens Networks," Nokia CEO Olli-Pekka Kallasvuo said. Net sales for Nokia fell 20 percent year on year and 1 percent sequentially, as the company reported a negative earnings per share at EUR 0.15, down from EUR 0.10 reported last quarter and EUR 0.29 for the corresponding quarter last year. Sep09 Details: Financials | Presentation | Release | Webcast Devices & Services: Market Improves QoQ, Nokia Under Performs There appears to be a quarter on quarter improvement in handset sales, even as Nokia is under-performing the market in terms of volumes: Nokia's Devices & Services business reported net sales of EUR 6.9 billion, down 20 percent year on year, but on a brighter note, up 5 percent sequentially, helped by a 5 percent sequential increase in mobile device volumes at 108.5 million units (industry: up 7 percent sequentially at 288 million units). Year on year, though, device sales for Nokia were down 8 percent (industry decline: 7 percent). However, Nokia claims to have retained their marketshare of 38 percent: marketshare decline in Greater China, Asia Pacific and North America was offset by an increase in markeshare in Europe, Latin America, Middle East & Africa. The average selling price (ASP) for…
