Smartphone sales plunge 34% in dismal quarter for Nokia

MCV Staff 21st July 2011 Media & PR

This must be regarded as the low point for Nokia as the company deals with plummeting legacy device sales before the new WinPho era begins.

Today’s Q2 financial report reveals the depth of the Finnish firm’s current plight. Year on year revenue fell 11 per cent from €1bn to €927m, while that €368m loss compares with a €227m profit in Q2 2010.

Predictably, device sales fell across the board. Smartphone shipments were 16.7m (from 25.2 a year ago), while feature phones were 71.8m (from 85.8m).

By comparison Apple sold 20.3m iPhones in the quarter ended June 25, helping the company to more than double profit to $7.31 billion in the period.

Sister site ME has the full story.

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