Day: July 22, 2010

Nokia has released their Q2 2010 results, reporting an operating profit of €295 million, with net sales €10.0billion (up 1% Year-on-Year). Nokia’s device and service division’s profits were €643 million, down 16% year on year. Margins in devices and services were 9.5% (down 2.7% YoY and down 2.6% QoQ). Converged devices sales (smartphones) were significantly up, at 24 million, compared with 16.9 million units in Q2 2009 (so up 42% YoY) and compared with 21.5 million units in Q1 2010 (up 12%, QoQ). As such, worldwide smartphone marketshare was 41%, stable sequentially and year on year. Full story and comments here:

“This model was developed as a temporary solution to generate sales for Sony Ericsson until its Android models enter the market. It was envisaged as a part of Symbian powered range, opened by Satio. During the development Sony Ericsson changed its plans several times and by the time of its release future Symbian models of Sony Ericsson were called off. A couple of handsets may appear, but these will be niche models. The company does not plan a systematic development of this range because Nokia aggressively lowers the price of such solutions driving the margin down. Earlier Samsung was the first to abandon Symbian plans, now they are followed by Sony Ericsson. It’s a pity as the company created much needed diversity in the Symbian market and offered alternatives for Nokia models.” Read more here: