Nokia has just reported its first quarter financial results. Sales and profits were both up year-on-year, with net sales reaching 9.5 billion Euro. Device shipments were up 16% year-on-year to 107.8 million units, with sales of 'converged' devices – smartphones and mobile-enabled computers – up 57%. In addition, 10 million Nokia smartphone users have downloaded the company's free sat-nav service since January.
However, CEO Olli-Pekka Kallasvuo warned that the company continues to face tough competition at the high end of its mobile device portfolio and challenging market conditions on the infrastructure side.
Article rating: No rating