Nokia performance as per market expectations

Nokia performance as per market expectations

Nokia is one of the few companies, which are doing most of the things right and have no major problems in their dominated markets.

The company has just come out with their quarterly results and they have easily managed to meet the analysts’ expectations.

They have reported a sharp rise in second-quarter sales and profits as the company is benefiting from increased demand in the Asian countries including China and India.

Nokia’s earnings per share rose to 0.23 euros from 0.17 euros a year ago. This is pretty close to the market expectations of 0.24 euros. The sales were up at 9.8 billion euros from 8.1 billion in the same period a year earlier. This also matched the market expectations.

The lower range of mobile phones has boosted Nokia’s market share in most of the developing countries and they continue to remain the world’s largest mobile phone makers with around 33% of the world’s market share.