GSMArena.com GSMArena.com

Tip us

1.5m
109k
RSS

EV

Merch

Log in

Login

I forgot my password
Sign up
  • Home
  • News
  • Reviews
  • Videos
  • Featured
  • Phone Finder
  • Deals
  • MerchNew
  • Coverage
  • Contact
ADVERTISEMENTS

Nokia Q2 results are out, profits fall as smartphones get cheaper

  • Post your comment
  • Comments (200)

22 July, 2010

Nokia Misc

And the results are in - Nokia just announced their Q2 financial results. To summarize - sales are up, profits are down, shifting currency exchange rates didn't help and smartphones have sold more units and have gotten cheaper, compared to previous periods.

The net sales for the Nokia Corporation 10 005 million euro (12.842 billion US dollars) and the net operating profit is 660 million euro. Net sales are 1% higher than the year ago quarter and 5% higher the previous quarter. However, operating profit has fallen.

Looking at just the mobile phone division, it has net sales of 6 800 million euro (3% higher YoY and 2% higher QoQ) and 643 million euro operating profit - 16% down YoY and 23% down QoQ.

"Converged mobile devices" (that is smartphones and mobile computers) accounted for just over half of those sales. That's 12% more sales than converged devices managed in last year's second quarter.

This is likely due to the noticeable drop in the average selling price for smartphones - it's 143 euro (184 USD) for the second quarter of this year, down from 181 euro (232 USD) for last years Q2. That's a 21% drop. Feature phones have a mostly stable average selling price of 39 euro.

Nokia attributes the falling gross margins to "price pressure" in the high-end segment and depreciation of the euro. Industry-wide shortages of some components had a negative impact on sales and Nokia predicts those shortages will continue into the third quarter as well.

For much more numbers and details, check out the full report.

Related articles
  • Nokia and Samsung extend cross-license patent agreement Nokia and Samsung extend cross-license patent agreement
  • Nokia C12 launches with Android 12 Go Edition, 6.3" display Nokia C12 launches with Android 12 Go Edition, 6.3" display
  • Nokia X10 and X20 start receiving Android 13 Nokia X10 and X20 start receiving Android 13
  • Nokia confirms Android 13 is coming to five more phones Nokia confirms Android 13 is coming to five more phones

Reader comments

y
  • yilmazeser
  • nTT
  • 26 Jul 2010

nokia the end nau htc sonyericsson very very goog bifore i us nokia nau xperia x1 very goog phone

  • Reply
N
  • NvS
  • PVb
  • 25 Jul 2010

Yeah,cheap outdated UI laggy performance with terrible Apps.and bad hardware of choice. I know SE phones are bad,but i'll choose them anyday than nokia's crappy xpressmusic,can't match the SE's walkman quality. Symbian?that's one horrible c...

  • Reply
?
  • Anonymous
  • tA{
  • 25 Jul 2010

N8 wud be a revolution...

  • Reply
  • Read all comments
  • Post your comment
Total reader comments: 200

ADVERTISEMENTS

Phone finder

  • Samsung
  • Apple
  • Huawei
  • Nokia
  • Sony
  • LG
  • HTC
  • Motorola
  • Lenovo
  • Xiaomi
  • Google
  • Honor
  • Oppo
  • Realme
  • OnePlus
  • vivo
  • Meizu
  • BlackBerry
  • Asus
  • Alcatel
  • ZTE
  • Microsoft
  • Vodafone
  • Energizer
  • Cat
  • Sharp
  • Micromax
  • Infinix
  • TCL
  • Ulefone
  • Tecno
  • Doogee
  • Blackview
  • BLU
  • Panasonic
  • Plum

All brands Rumor mill

ADVERTISEMENTS

Top 10 by daily interest

  Device Daily hits  
1.Samsung Galaxy S23 Ultra107,368
2.Samsung Galaxy S2356,166
3.Samsung Galaxy S23+34,572
4.Xiaomi Poco X5 Pro24,991
5.Samsung Galaxy S22 Ultra 5G22,435
6.Oppo Reno8 T 5G20,609
7.OnePlus 1120,523
8.Apple iPhone 14 Pro Max19,441
9.Apple iPhone XR17,907
10.Samsung Galaxy A14 5G17,624

ELECTRIC VEHICLES

Porsche is working on a seven-seat crossover EV for 2027, codenamed K1 Porsche is working on a seven-seat crossover EV for 2027, codenamed K1 2023 Mercedes-Benz eSprinter coming to the US first Europe laterElectric Porsche Boxster spotted charging at Ionity
ADVERTISEMENTS

Home News Reviews Compare Coverage Glossary FAQ RSS feed Youtube Facebook Twitter Instagram

© 2000-2023 GSMArena.com Mobile version Android app Tools Contact us Merch store Privacy Terms of use Change Ad Consent Do not sell my data