The CEO seat of Nokia's Olli-Pekka Kallasvuo continues to look shaky as the Finnish company has today presented its Q2 results which include a small rise in revenue but a double-digit fall in earnings per share.
To detail, Nokia's revenue this past quarter was €10 billion, up 1% on-year and 5% sequentially, while the EPS was of just €0.06, down 40% compared to the same period of 2009 and 33% compared to Q1.
Average selling price for mobile device was down a bit, to €61 but the company managed to deliver no less than 111.1 million units in Q2 (up 8% on-year and 3% sequentially). Smartphone and netbook sales topped 24 million, up 42% on-year and 12% sequentially.
"Despite facing continuing competitive challenges, we ended the second quarter with several reasons to be optimistic about our future," said Olli-Pekka Kallasvuo while trying to keep safe from investors. "For one, the global handset market has continued to grow at a healthy pace, led by some of the less mature markets where Nokia is strong. We are also encouraged by the solid second quarter performance of our Mobile Phones business, helped by an improving line-up of affordable models."
Nokia is expecting Q3 revenue to hover between €9.4 billion and €10.3 billion.
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