Nokia reports strong mobile sales

By Editorial Team (Thursday, 17th July 2008)

In mobile phone news, Nokia has reported strong earnings and has indicated that it expects sales of handsets to rise by ten per cent or more this year.

Sales in April, May and June totalled €13.2 billion euros (£10.5 billion), increasing Nokia's market share to 40 per cent during the quarter.

Nokia said the average selling price of its mobile phones in the second quarter was 74 euros, down from 79 euros in the first three months of the year and 90 euros in the second quarter of 2007.

The Finland-based company which plans to introduce touch-screen phones in 2008, said growth was helped by strong demand for cheaper mobiles in emerging markets like India.

Chief executive Olli-Pekka Kallasvuo said the figures show "strong underlying profitability" and added that he believed service-driven devices will be behind the next wave of growth.

Nokia is the world's biggest mobile phone maker and much of its success in recent years can be attributed to the popularity of its low-end devices.

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