Thursday, April 17, 2008

Nokia Q108: Profits up 28% year on year, 115.5 million units shipped


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Nokia's Q1 2008 Financial Figures are out and boy are they great! Profits are up 28% year on year coming in at 12.7 billion EUR, 115.5 million devices have shipped, market share dropped 1% to 39% and the average price of each handset sold (a term known as ASP) is down to 79 EUR from 83 EUR just one quarter ago.

Smartphone (S60 powered) sales reached 14.6 million units (12.6% of those 115.5 million devices shipped this quarter) versus 11.8 million units in Q107, of those 10 million devices were Nseries, 2 million were Eseries.

Year on year growth in terms of shipments was up only 7.5% in Europe with 25.7 million units, but an astounding 43.9% increase in the Asian Pacific region with 34.1 million units! North American sales plummeted 45.8% to 2.6 million devices and the Chinese market is almost as large as Europe now with 21 million units shipped, an increase of 33.8%.

More details can be found in the press release here, but the real deal if you're into charts and stats is in this PDF.

[Photo from Flickr of Nokia House, thanks JP!]

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