Nokia (NOK) Message Board

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Technology Stocks : Nokia (NOK)

NOK 6.845

-0.9%

3:57 PM EST

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To: tero kuittinen who wrote (9228)	2/15/2001 12:36:40 PM
From: slacker711	Read Replies (3) of 34857

I don't understand what the 4Q expectations were. I thought that Nokia's 58% phone sales growth was exactly as expected. I didn't see any 8200 or 3300 upgrade slow-down during the Xmas quarter. Was the consensus expectation really 70%? If so, how come nobody told me? Someone missed somewhere....coming into the 4th quarter industry expecations were for around a 420m unit year (if memory serves, MOT, TI and ERICY all endorsed this number). Nokia announced that total sales for the year ended up were 405m units. The 15m unit discrepancy was not over the entire year but just in the 4th Q. This represents a miss of over 10% during the Christmas selling season. Considering the fact that most GSM operators made their subscriber numbers I can only conclude that upgrade sales were lower than expected. None of this means that Nokia didnt have a good year....but I think the above numbers constitute a "4Q slowdown" for the industry. How else can you interpret it? Slacker

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