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Thursday, October 20, 2011

postheadericon Nokia dials up razor-thin operating profit despite sales slump

actions that some are raising the chances of recovery in the cases of Finland

Nokia has surprised the market with the introduction of a very thin operating profit of 2% in its mobile phone business, so ? 132 million in revenue down 25% to ? 5.4 billion as it continues the restructuring before a change in Microsoft, Windows Phone platform.

Its shares rose 11% as some have seen the potential of a revival of business in Finland, which used to dominate the mobile phone industry. The shares have fallen 36.1% this year.

lucrative mobile, although up to 83% over one year was still an improvement in the expectations of analysts, who had been the company had a loss for the second consecutive quarter in the face of continuous attacks from above and below by rivals such as LG and Samsung in the cheaper "feature phone" market, and market high-priced smartphones from Samsung, HTC and Apple. Half of operating income was a payment of royalties from Apple in some Nokia patents.

pre-tax loss was

? 83 million, against a profit before tax of ? 321M last year.

general, the group recorded an operating loss of ? 45 million in total revenues of ? 8.98bn as NAVTEQ and Nokia Siemens Networks (NSN) companies were losing money. Overall, Group revenues were down 13% even when the company NSN increased 16% and halved its operating losses.

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But Stephen Elop, CEO of Nokia last year, will bring good news for developer conference next week to developers in London, where he expects to release the first of Nokia's smartphones, Windows Phone. The company has worked on them since the beginning of the year, for bulk shipment in 2012.

its worst performance was in North America, where sales fell 68 years% after year. Only the Middle East and Africa, the annual sales growth of 3% - while increasing the number of units sold by 41%, indicating an erosion of its market price growth only

mobile segment was boosted by the payment of ? 70 million on the intellectual property of Nokia - believes that Apple patent licensing of Nokia, after a long legal battle, which ended in earlier this year. The previous quarter, Apple has made a payment of ? 430 million to resolve current and past.


Nokia has also seen their previous business smartphone headlining heavily eroded by the incursion of the Apple iPhone in the high-end Android smartphones from multiple vendors at prices other : its smartphone sales declined by nearly 37% and the average sales price of nearly 4%.


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