Mobifun’s Weblog

Do Fun with your Mobile….

Nokia Profits going high for Q2

Selling 100 million mobile devices, an increase of 29 percent over last year, helped more than double Q2 profits for Nokia (Nasdaq: NOK). Net income was $3.85 billion, a gain of 156.7 percent over last year’s $1.5 billion. Net sales increased about 30 percent to $17 billion, compared with $13 billion in Q206. The AP reported that the company beat the markets expectations, sending shares up 8 percent. Other Q2 highlights included:

Mobile phones: Net sales were flat at $8 billion. The segment’s operating profit grew 28 to $1.7 billion, compared with $1.3 billion

Multimedia: Net sales gained 38.5 percent to $3.6 billion versus last year’s $2.6 billion.

Nokia Siemens Networks: Operating profit was negative $1.5 billion, with an operating margin of -36.8 percent. Earnings release (PDF) | Webcast

Updated: on Nokia’s relative success and how it could make more headway in U.S.: “In the U.S., where at least 220 million people subscribe to cell phone service, Nokia only sells a handful of midrange phones through operators..and some of the company’s high-end phones directly through the Nokia site…But that could change. All the hype surrounding Apple’s iPhone could help draw comparisons to Nokia’s high-end phones. And this interest could help lift sales. If Nokia is able to capitalize on a shift in consumer behavior in the U.S., Motorola may have an even harder time catching up to Nokia.”


August 3, 2007 - Posted by | Nokia

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: