Nokia posts stronger second quarterly results

Nokia posts stronger second quarterly results

World’s largest mobile phone maker Nokia has come out with their latest quarterly results. Nokia posted strong second quarter earnings with a 43-percent jump in net profits and 22-percent rise in sales.

However, stronger performance from their competitors namely Motorola led to a minor dip in their market share.

The profits for the company jumped to 1.14 billion euros from 799 million euros in the same period a year ago. The sales were up at 9.81 billion euros from 8.05 billion. Nokia gained from their increased efforts in emerging markets including China and India.

Olli-Pekka Kallasvuo, CEO of Nokia had this to say about the results: “In the second quarter, Nokia delivered strong year-on-year growth in net sales, operating profit and earnings per share. At an industry level, the markets for both mobile devices and mobile infrastructure continued to show healthy growth.”