Nokia 2007 Annual Report Download - page 57
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The following table sets forth the distribution by geographical area of our net sales for the three
years ended December 31, 2007.
Percentage of Nokia Net Sales by Geographical Area*
2007 2006 2005
Year Ended December 31,
Europe .......................................................... 39% 38% 42%
Middle East & Africa ................................................ 14% 13% 13%
China ........................................................... 12% 13% 11%
AsiaPacific ....................................................... 22% 20% 18%
North America .................................................... 5% 7% 8%
Latin America..................................................... 8% 9% 8%
Total ............................................................ 100% 100% 100%
* As of April 1, 2007, Nokia results include those of Nokia Siemens Networks on a fully consolidated
basis. Nokia Siemens Networks, a company jointly owned by Nokia and Siemens, is comprised of
our former Networks business group and Siemens’ carrierrelated operations for fixed and mobile
networks. Accordingly, the results of the Nokia Group and Nokia Siemens Networks for the year
ended December 31, 2007 are not directly comparable to the results for the years ended Decem
ber 31, 2006 and 2005, respectively. Nokia’s 2006 and 2005 results included our former Networks
business group only.
The 10 markets in which we generated the greatest net sales in 2007 were, in descending order of
magnitude, China, India, Germany, the UK, the US, Russia, Spain, Italy, Indonesia and Brazil, together
representing approximately 50% of our total net sales in 2007. In comparison, the 10 markets in
which we generated the greatest net sales in 2006 were China, the US, India, the UK, Germany, Russia,
Italy, Spain, Indonesia and Brazil, together representing approximately 51% of our total net sales in
2006.
Principal Factors Affecting our Results of Operations
Mobile Devices
Our mobile device sales are derived from the sale of mobile devices by our Mobile Phones and
Multimedia business groups and by the Mobile Devices business unit of our Enterprise Solutions
business group. Our principal customers are mobile network operators, distributors, independent
retailers, corporate customers and consumers. Our product portfolio covers all major user segments
and price points from entrylevel to midrange and highend devices offering voice, data, multimedia
and business applications.
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