Nokia Q2 2010 results, profits down but smartphone sales up

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Nokia has released their Q2 2010 results, reporting an operating profit of €295 million, with net sales €10.0billion (up 1% Year-on-Year). Nokia's device and service division's profits were €643 million, down 16% year on year. Margins in devices and services were 9.5% (down 2.7% YoY and down 2.6% QoQ). Converged devices sales (smartphones) were significantly up, at 24 million, compared with 16.9 million units in Q2 2009 (so up 42% YoY) and compared with 21.5 million units in Q1 2010 (up 12%, QoQ). As such, worldwide smartphone marketshare was 41%, stable sequentially and year on year. Full story and comments here:


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