The much feared Nokia Q2 results are out and it seems like Nokia got away with it. Result was by no means good but neither was it disappointing, giving slight breathing room after long stream of bad news.
Some points below from Q2 report:
- Nokia’s operating loss was 327 million euros (391 million of profits last year)
- 83,7 million phones sold in Q2
- 10,2 million smartphones where 4 million where Nokia’s Windows Phones (Lumia line of phones sold 4 million, 600,000 where sold in North America)
- Average price of phones rise to 151€ from last years 141€
- Nokia’s net cash reserves are at 4.2 billion euros, exceeding the predictions that put the cash reserves at 3,7 billion
- Nokia received 400 million euros from it’s patent licenses
Numbers are heavily divided. Operating loss was as bad as predicted on Devices & Services sitting at 365 million euros loss, but Nokia’s patents, Nokia Siemens Network and Microsoft’s 250 million euros helping hand improved Nokia’s result.
Market seemed to be most of all happy about Nokia’s cash reserves remaining so strong as we near Nokia World 2012.
For a bit more raw numbers visit Nokia’s own Q2 results page