Nokia: Earnings fall, despite strong phone sales

Nokia's quarterly profit fell to €1.1 billion, down from €1.2 billion last year. Sales, however, beat analysts' expectations with a jump to €10.1 billion, from €8.4 billion a year earlier. Nokia says its marketshare rose 36 percent in the quarter, boosted by gains in the LatAm and APAC regions. North American sales remained the same and sales in Europe rose 11 percent. Despite the healthy sales figures, the average price of Nokia's handsets dropped to €93, just below the low end of analysts' expected €94 to €104 range. Nokia sold 88.5 million in the quarter, 33 percent more year-on-year.

For more on Nokia's Q3:
- see this article from IHT

ALSO: Take a look at Nokia's Q2 write-up from July. Article