Nokia Q2 profit falls 40 pct to $290 million

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In the second-quarter, Nokia saw a further 19 percent drop in sales volumes in North America to a meager 2.6 million units.

Kallasvuo said that models to be launched later this year, using the Symbian software platform, will “give it broader appeal and reach, and kick-start Nokia’s fight back at the higher end of the market.”

The average selling price of Nokia handsets continued to fall in the quarter to euro61, from euro64 in 2009 and euro62 in the first quarter 2010, while that of smart phones dropped more than 20 percent to euro143 because of tight competition.

Nokia’s ailing network sector, Nokia Siemens Networks _ a joint venture between Nokia Corp. and Siemens AG of Germany _ continued to see revenue fall, by 5 percent in the quarter to euro3 billion, and the company gave a poor outlook for the operations during the next quarter.

The company, based in Espoo near Helsinki, employs 129,000 people worldwide.

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Online:

http://www.nokia.com

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