Nokia profits slide while handset sales grow
Mobile phone giant Nokia has boosted its share of the world handset market but has seen falling profits in recent months.
The group said its net profit dropped 61 per cent in the second quarter of 2008 while device sales increased to 13.15 billion Euros (£10.47 billion).
Bosses from the company said they remained “optimistic” over sales prospects.
The firm is now estimated to dominate 40 per cent of the global handset market, up on 39 per cent during the first quarter of this year.
Chief executive Olli-Pekka Kallasvuo said Nokia believed that “devices linked with services” will drive “the next wave of growth.”
The group said it sold 27.1 million devices in Europe, 36.4 million units in Asia-Pacific, 17.6 million units in China and 21.1 million units in the Middle East and Africa.
Other figures also show the average selling prices of handsets produced by the company are decreasing, backing up predictions that the global handset market will grow seven to ten per cent in the next 12 months.
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