All data is taken from Annual Reports
All data is in EUR Million
China overtook US in 2005 to become Nokia´s biggest market in terms of Net Sales. China is therefore considered naturally to be an important market for Nokia, Q1 sales in China will be very interesting from this perspective. YoY sales in China has declined dramatically in China mostly due to declining smartphone sales. Q1 saw Nokia releasing their new Lumia 920 and 820 on the Chinese market. Encouraging news regarding sell outs has circulated on the web, however this can be due to supply issues.
Top 10 major markets (Net Sales) 2003
USA 4475
UK 2693
GERMANY 2297
CHINA 2013
UAE 1886
INDIA 1062
ITALY 1003
FRANCE 1003
FRANCE 867
BRAZIL 805
SPAIN 748
2004
USA 3416
CHINA 2660
UK 2261
GERMANY 1730
INDIA 1364
BRAZIL 1091
RUSSIA 938
UAE 909
ITALY 884
SPAIN 768
2005
CHINA 3403
USA 2743
UK 2405
INDIA 2022
GERMANY 1982
RUSSIA 1410
ITALY 1160
SPAIN 923
SAUDI ARABIA 897
FRANCE 870
2006
CHINA 4913
USA 2815
INDIA 2713
UK 2425
GERMANY 2060
RUSSIA 1518
ITALY 1394
SPAIN 1139
INDONESIA 1069
BRAZIL 1044
2007
CHINA 5898
INDIA 3684
GERMANY 2641
UK 2574
USA 2124
RUSSIA 2012
SPAIN 1830
ITALY 1792
INDONESIA 1754
BRAZIL 1257
2008
CHINA 5916
INDIA 3719
UK 2382
GERMANY 2294
RUSSIA 2083
INDONESIA 2046
USA 1907
BRAZIL 1902
ITALY 1774
SPAIN 1497
2009
CHINA 5990
INDIA 2809
UK 1916
GERMANY 1733
USA 1731
RUSSIA 1528
INDONESIA 1458
SPAIN 1408
BRAZIL 1333
ITALY 1252
2010
CHINA 7149
INDIA 2952
GERMANY 2019
RUSSIA 1744
USA 1630
BRAZIL 1506
UK 1470
SPAIN 1313
ITALY 1266
INDONESIA 1157
2011
CHINA 6130
INDIA 2923
BRAZIL 1901
RUSSIA 1843
GERMANY 1606
JAPAN 1539
USA 1405
UK 996
ITALY 982
SPAIN 907
Disclosure: I am long NOK.