ESPOO, FINLAND - Cellphone colossus Nokia unveiled second-quarter net profit up by 43% to €1.14 billion ($1.44bn; £779.0m), driven by strong sales of high-end mobile phones that incorporate cameras, music players and online access. Revenues rose 22% to €9.81bn.
The results included a gain of €276 million from a settlement related to the sale of Turkish mobile-telecommunications operator Telsim.
Growth was particularly good in China and the Asian-Pacific region, where unit sales volume was up 58% and 79%, respectively. North American volume fell 13% to 5.2 million.
© Copyright 2017
All rights reserved including database rights. This electronic file is for the personal use of authorised users based at the subscribing company's office location. It may not be reproduced, posted on intranets, extranets or the internet, e-mailed, archived or shared electronically either within the purchaser's organisation or externally without express written permission from WARC.