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Nokia’s Q2: 111+ Million Devices Shipped, Sales Tops €10 Billion, Profit Drops 40%
7.2 billion for the second quarter, an outlook it had revised last month, but it didn’t fall below said range.
The company expects the same range for net sales for Devices & Services for the third quarter as well. We should note that at constant currency, group net sales would have decreased 4% year-on-year rather than increase.
With total mobile device volumes of Devices & Services at 111.1 million units, Nokia’s preliminary estimated mobile device market share was 33% in the second quarter 2010, down from an estimated 35% in the second quarter 2009 and unchanged from an estimated 33% in Q1 2010.
Nokia converged mobile device (smartphone and mobile computer) volumes came in at 24 million units, a bit more than a quarter of total devices volume, up 42% year-on-year and 12% sequentially.
To end, here’s Kallasvuo’s quote, straight from the release (links ours):
“Despite facing continuing competitive challenges, we ended the second quarter with several reasons to be optimistic about our future. For one, the global handset market has continued to grow at a healthy pace, led by some of the less mature markets where Nokia is strong. We are also encouraged by the solid second quarter performance of our Mobile Phones business, helped by an improving line-up of affordable models.
In smartphones, we continue to renew our portfolio. We believe that the Nokia N8, the first of our Symbian
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