Nokia shipped almost 101 million phones in Q2 2007

Posted on Monday, Aug 06 2007 @ 11:18 CEST by Thomas De Maesschalck
Nokia's financial results indicate the firm has shipped 100.8 million cell phones last quarter, The Reg reports.
The figures for the three months to 30 June show Nokia turning over €12.6bn, and making €2.36bn in profit. During the period they shipped 1.5 million of its top end multimedia phone, the N95, with margins on multimedia handsets rising to 20.9 per cent (from 16.1 per cent this time last year).

Margins have increased across the board, including Nokia's enterprise solutions division, which is now making money - having increased sales by 94 per cent since last year.

The only bit posting a loss is Nokia Siemens Networks, which spent a lot of money on acquisitions but still require "decisive action... [to] ensure that the company is positioned for success and leadership in the fast changing infrastructure market", according to CEO Olli-Pekka Kallasvuo.


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Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.



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