The devices and services segment business of handset major Nokia contributed EUR 8.5 billion to net sales for the quarter ending December 31st 2010, up 4% year-on-year and 18% sequentially. Much of Nokia's revenues for this segment still come from devices, but services is growing: their services business contributed EUR 201 million in terms of net sales, up 26% sequentially. The devices and services segment reported a 24% decline in operating profit year-on-year, and an increase of 28% quarter-on-quarter. Billings for the services segment were up 8% sequentially, at EUR 352 million. Gross margin for the devices and services segment declined to 29.2%, down from 34.3% in Q4-2009 and up 29% in Q3-2010. Overall, Nokia reported net sales of EUR 12.7 billion for the quarter, up 6% year-on-year and 23% sequentially, but its operating profit declined 26% year on year to EUR 1090 million, even though it increased 72% quarter on quarter. Devices & Services - Device Sales & Marketshare: Device sales for Nokia were down 3% year-on-year and up 12% sequentially, at 123.7 million units. According to Nokia estimates, the handset market for the quarter, in terms of device volumes, was 402 million units, 12% up year on year, and 11% sequentially. Nokia has, clearly continued to underperform the market. This led to a further reduction in global marketshare for the company, down to an estimated 31% Q4-2010, compared to 35% in Q4-2009; though it increased by 1% quarter on quarter. - Nokia converged mobile devices (smartphone and what…
