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Nokia Resets Market Sizing Methodology, Reiterates 2010 Unit Growth Outlook (NOK)

Written on Fri, 03/12/2010 - 2:42pm
By Chip Brian

3/12/2010- Barclays analysts said that Nokia (NYSE:NOK) reset its market sizing methodology, reducing market shares by approximately 400 basis points, and reiterated its outlook for 2010 unit growth of 10%.
The company revised its 2009 market estimate from 1.14 billion units to 1.26 billion and cited improved measurement tools and a broader market definition.
Analyst Jeff Kvaal said, "We believe better black/emerging market tracking captures more MediaTek volume, particularly export. We believe some MediaTek shipments are lost to yield."
Barclays sees fiscal 2010 EPS of $1.11, vs. consensus estimates of $1.04, and fiscal 2011 EPS of $1.26, vs. consensus estimates of $1.20.

Keywords: Nokia finance stock market Business News smartrend

Ticker(s): NOK

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