John Paczkowski

Recent Posts by John Paczkowski

Nokia Pushes Smartphone Share Back Up to 40 Percent

Painful as it was, Nokia’s savage cost-cutting is clearly paying off. This morning, the company posted a stronger-than-expected 65 percent rise in fourth-quarter net profit on rising handset sales–smartphone sales in particular.

Remarkably, Nokia (NOK), which saw its share of the smartphone market decline to 35 percent from 41 percent last quarter, managed to push it back up to 40 percent in Q4. Quite a surprise considering that many expected the company’s smartphone share to fall even lower this quarter.

Anyway, on to the numbers:

Fourth-quarter net income was 948 million euros ($1.33 billion), or 26 eurocents a share. That’s up from 576 million euros, or 15 eurocents a share earned in the year-earlier period, and above consensus estimates, which called for earnings of 19 eurocents a share. Sales during the quarter fell 5.3 percent to 12 billion euros. But the number of handsets shipped rose 12 percent to 126.9 million units.

“In the fourth quarter the demand environment for handsets ended up being better than we anticipated and we took advantage of this upside,” Nokia CEO Olli-Pekka Kallasvuo said during a conference call.

Twitter’s Tanking

December 30, 2013 at 6:49 am PT

2013 Was a Good Year for Chromebooks

December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

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Another gadget you don’t really need. Will not work once you get it home. New model out in 4 weeks. Battery life is too short to be of any use.

— From the fact sheet for a fake product entitled Useless Plasticbox 1.2 (an actual empty plastic box) placed in L.A.-area Best Buy stores by an artist called Plastic Jesus