(Reuters) - Nokia, the world’s largest handset maker, will close its two flagship stores in the United States, a market where the world’s top cellphone maker is struggling to gain ground.
Apple overtook Nokia in the third quarter as the cellphone maker generating the highest total operating profit in the industry, research firm Strategy Analytics said on November 10.
Apple, which entered the cellphone market only in mid-2007 with its iPhones, sold a record 7.4 million of them in the third quarter.
In October, Nokia charged Apple with infringing some of its patents.
Here some key facts about Nokia and Apple:
-- Market Capitalization - $49.29 billion
-- Employees -125,829
-- Net Sales - 50.71 billion euros (March 2009)
Sales break-up by segments:
Devices & Services - 35.09 billion euros
NAVTEQ - 361 million euros
Nokia Siemens Networks - 15.3 billion euros
Sales break-up by region:
Europe - 37 percent
Asia-Pacific - 22 percent
Greater China - 13 percent
North America - 4 percent
Latin America - 10 percent
Middle East & Africa - 14 percent
Key Products - N-Series and Eseries phones, Nokia Navigator
-- Market Capitalization - $171 billion
-- Employees - 34,300
-- Net Sales - $36.53 billion (September 2009)
Sales break-up by products:
Mac (Desktops & Portables) - $13.78 billion
iPod - $8.09 billion
iPhone and related products & services - $6.75 billion
Other music related products & services - $4.03 billion
Software - $2.4 billion
Peripherals & other hardware - $1.4 billion
Sales break-up by Segments:
Americas - 44 percent
Europe - 26 percent
Retail - 18 percent
Other Segments - 7 percent
Japan - 5 percent
Key Products - MacBook, iMac, iPhone, iPod
* LEGAL BATTLE:
-- A legal battle between Apple and Nokia over patent infringement is likely to last for more than a year, said Bill Merritt, the head of mobile licensing firm InterDigital.
-- Nokia filed suit in the United States in October, saying Apple had infringed 10 patents in technologies including wireless data transfer, a key factor in the success of iPhone. The suit accused Apple of trying to hitch a “free ride” on Nokia’s technology investment.
-- Apple said it “intended to defend the case vigorously.” The patents cover wireless data, speech coding, security and encryption and are infringed by all iPhone models shipped since the iPhone was introduced in 2007, Nokia said.
Source: Reuters/Company reports:
(For a graphic on Nokia please click on)
Writing by Carl Bagh, Bangalore Editorial Reference Unit; Additional writing and editing by David Cutler
Our Standards: The Thomson Reuters Trust Principles.