Nokia: 57pc smartphone surge

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Nokia has reported smartphone sales of 21.5 million units for Q1 2010, an increase of 57 per cent compared to a year ago.

In results for the first three months of this year, the Finnish handset manufacturer reported net sales of 9.5 billion, up three per cent year-on-year but down 21 per cent from Q4 2009.

Devices and Services net sales were reported at 6.7 billion, which was an eight per cent rise from last year but a 19 per cent drop from the previous quarter. The average selling price for mobile devices fell two euros to 62 from the previous quarter.

Nokia CEO Olli-Pekka Kallasvup said: “In Q1, Nokia delivered both year-on-year net sales and operating profit growth. We continue to face tough competition with respect to the high end of our mobile device portfolio, as well as challenging market conditions on the infrastructure side.

“During the quarter, we also demonstrated our ability to deliver the Nokia smartphone experience to consumers on a global scale, with our smartphone shipments up by more than 50% year-on-year. The consumer response to the inclusion of our walk and drive navigation offering on our smartphones has been tremendous. Since launching in January, 10 million Nokia smartphone users around the world have downloaded the offering.

“In infrastructure, Nokia Siemens Networks’ profitability benefited from a positive sales mix in Q1. I am also pleased to see encouraging results from the company’s focus on helping operators meet the challenge of the rapid growth in data and signaling traffic from smartphones.”

 

 

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