April 25, 2011
Nokia market share dips below 30% in Q1
Kelly Fiveash writes about Nokia’s recent revenue declines in its mobile phone business.
“Nokia’s market share in the mobile phone biz declined from 33 per cent in its 2010 Q1 to 29 per cent in its most recent quarter. Nokia boss Stephen Elop confessed in the company’s results statement that life was about to get even tougher for the phone vendor. ‘Following a solid first quarter, we expect a more challenging second quarter. However, we are encouraged by our roadmap of mobile phones and Symbian smartphones, which we will ship through the balance of the year,” he said.”
Cloud computing market: $241 billion in 2020
Larry Dignan shares Forrester’s predictions about the future of the cloud computing market.
“The global cloud computing market will grow from a $40.7 billion in 2011 to $241 billion in 2020, according to Forrester Research. Software as a service will be adopted by companies of all sizes. In 2011, SaaS will be a $21.2B market and grow to $92.8B in 2016. At that point SaaS comes closer to saturation.”
Tech earnings: AMD, Sandisk, Polycom top estimates
Larry Dignan shares Sandisk’s recent revenue earnings.
“Sandisk reported first quarter earnings of $224M, or 92 cents a share, on revenue of $1.29B, up 19 per cent from a year ago. Non-GAAP earnings were $1.03 a share, three cents above Wall Street estimates. Sandisk cited strong demand for its embedded mobile memory.”