Wednesday, July 19, 2006

Nokia Ships 78.4 million Mobile Devices in Q2, up 4% sequentially

Nokia shipped 78.4 million mobile devices in Q2, up 4% sequentially and up 29% year on year out of an estimated industry-wide global market of 230 million units. Nokia's estimated device market share for Q2 was 34%, down from 35% in Q1 2006 and up from 33% in Q2 2005. The average selling price per device was EUR 102, down from EUR 103 in Q1 2006.

"During the second quarter Nokia made two significant strategic announcements. We stated our intention to restructure our CDMA business, following the decision not to proceed with the proposed CDMA company with Sanyo. Once completed, this restructuring is expected to have a positive impact on Nokia's operating margin. In addition, Nokia and Siemens announced a definitive agreement to merge Nokia's Networks business group and Siemens' carrier-related operations into a new company, creating a powerful leader in the wireless and wireline carrier market," said Olli-Pekka Kallasvuo, Nokia CEO.

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