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Nokia Q2 2010 Profits drop 40 percent compared to 2009

 

Nokia announced their Q2 Profits for 2010 today.

And the numbers are pretty much what you’d expect. Nokia’s net profit for Q2 2010 was €221 million, which you’d think would be awesome. But then you’d have to consider that they pulled in €380 million during the same quarter last year, during a tougher economy.

Average Nokia handset selling prices also dipped, from €64 in 2009, to €61 now. Nokia’s reasoning is that this was because of price pressures, “in certain high-end smartphones”. However, it is worth noting that they did sell more phones this year. Probably due to their growing presence in the budget handset market, which in-turn probably contributed to their selling prices having been lowered.

For more details, check out the press release.

   

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Clinton Jeff

Clinton is currently based in New Delhi, India and is executive editor for UnleashThePhones. He is responsible for all editorial decisions, and covers all forms of Mobile things. Cj is addicted to caffeine, social media, and technology. Always up for a good conversation, you can reach him through the contact form, his website, on Google Plus or on Facebook or Twitter:

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