closedownarrowlogo-verticalmenu-barsearch Skip to main content
  1. uSwitch.com
  2. News
  3. 2011
  4. July
  5. Nokia profits slide, smartphone sales down 33%

Nokia profits slide, smartphone sales down 33%

-
Nokia profits slide, smartphone sales down 33%

Sales of Nokia devices continued to fall during the second quarter, as the beleaguered phone-maker continues to struggle against rivals Android and Apple.

The quarter saw the company record a worse-than-expected loss of 368 million Euros, compared with a profit of 227 million Euros for the year-ago period. Analysts polled by finance site Bloomberg had forecast an average loss of 144 million Euros.

The downturn was driven by weakening sales of its much-criticised Nseries high-end smartphones, which fell by 32 per cent, driving total mobile phone sales down 20 per cent.

News of Nokia’s worsening outlook comes as it bids to revive its flagging fortunes at the top end of the market with a range of Windows Phone powered smartphones expected to launch in September.

The handsets follow a historic deal with Microsoft inked earlier this year which will see Nokia manufacture phones running a third-party operating system for the first time ever.

Commenting on the figures, CEO Stephen Elop said the company is addressing its problems and is “very optimistic about the devices Nokia will bring to market” later this year.

Sign up for updates

Join our email list to get the inside line on the latest phones and money-saving offers. And we’ll help you make informed buying decisions with handset reviews and consumer guides too.

Latest news:

Sign up for updates

Join our email list to get the inside line on the latest phones and money-saving offers. And we’ll help you make informed buying decisions with handset reviews and consumer guides too.

back to top