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 

Suggested Articles

Charter is also considering the use of its distributed wireline assets to help with small cell placements.

Loon and Internet Para Todos Perú reached a pact to use high-altitude balloons to expand mobile internet access to parts of the Peruvian Amazonia.

The millimeter wave market feels the same as a high-speed motorcycle jump, and operators are racing up the ramp.