Nokia's net more than doubles

Nokia posted a strong Q2 as it took a 38 percent share of the global phone market. Nokia shipped a better than expected 100.8 million devices in the quarter, which is up 29 percent. Average selling prices for the phones were down about $16.4 to about $123. Sales in the U.S., however, fell 21 percent year-on-year and 14 percent since last quarter. The company is putting more focus on the U.S. market in 2007 and points to sales of its N-Series phones, which more than doubled, as signs of improvement in the market. It appears that Motorola's losses are, in part, Nokia's gain, according to analysts.

For more on Nokia's quarter:
- read this press release
- also read this WSJ article (sub. req.)

PLUS: Nokia applauds the FCC's 700 MHz auction rules. Release

AND: Nokia opens its first design studio in India. Release