Music Ally

Nokia’s consolidation of its various services under the Ovi umbrella continues, with Nokia Music Store next in line for a rebranding. That’s according to the company’s latest financial results, anyway.

“In Russia, Nokia also launched Ovi Music, representing the first step of its plan to bring Nokia Music Store – our 22-strong chain of digital music stores – into the Ovi stable of services,” says a statement within the financial announcement.

And the results? They were pretty impressive, given the criticism the company has faced in recent times. It reported €12 billion of net sales for Q4 last year – down 5% year-on-year, but based on a 12% rise in handset shipments to 126.9 million.

Nokia also claims it took a 40% share of the smartphone market in Q4, up from 35% in Q3. The company sold 20.8 million smartphones during the quarter, including 4.6 million of its Nseries multimedia handsets.

Net sales for Nokia’s Services division reached €169 million in Q4, up 15% compared to Q3. The company did not announce any stats for Comes With Music or its music stores, but reiterated that its Ovi Store is now generating one million downloads a day – a figure that includes ringtones, wallpapers and apps.

Tags: nokia, ovi music

This entry was posted on Friday, January 29th, 2010 at 12:17 pm and is filed under Digital Music News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.