Thursday, July 19, 2012
Nokia Rocked in China and Europe
Nokia said its net sales fell 20% year-on-year in constant currencies in the second quarter of 2012 to 7.54 billion euros. Revenues in its devices and services division fell 27% as device shipments declined 5%, while Nokia Siemens Networks' sales were down 11%. Device and services revenues fell 41% in China.
Stephen Elop, Nokia CEO, said: "We shipped four million Lumia smartphones in Q2.... We believe the Windows Phone 8 launch will be an important catalyst for Lumia. During the quarter, we demonstrated stability in our feature phone business, and enhanced our competitiveness with the introduction of our first full touch Asha devices. In Location & Commerce, our business with auto-industry customers continued to grow, and we made good progress establishing our location-based platform with businesses like Yahoo!, Flickr, and Bing." source: Nokia statement
Labels: More mobile equipment
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