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What you need to know: This weblog captures key data points about the global telecoms industry. I use it as an electronic notebook to support my work for Pringle Media.

Thursday, July 22, 2010

Falling Prices Hold Back Nokia

Nokia said its revenues fell 4% year-on-year at constant currencies to 10 billion euros in the second-quarter of 2010, as sales in its Nokia Siemens Networks division fell 11% at constant currencies. Nokia said its unit shipments of devices climbed 8% year-on-year to 111.1 million units in the quarter, but the average selling price slipped to 61 euros compared with 64 euros in the second quarter of 2009.

Nokia said the average selling price of its converged mobile devices (smartphones and mobile computers) fell 21% year-on-year to 143 euros, but unit shipments rose 42% year-on-year to 24 million. Nokia expects its Devices & Services net sales to be between 6.7 billion and 7.2 billion euros in the third quarter of 2010, compared with 6.9 billion euros in the third quarter of 2009.

“We are [...] encouraged by the solid second quarter performance of our Mobile Phones business, helped by an improving line-up of affordable models," said Olli-Pekka Kallasvuo, Nokia's CEO: "We believe that the Nokia N8, the first of our Symbian^3 devices, will have a user experience superior to that of any smartphone Nokia has created. The Nokia N8 will be followed soon thereafter by further Symbian^3 smartphones that we are confident will give the platform broader appeal and reach, and kick-start Nokia’s fightback at the higher end of the market.” source: Nokia statement

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