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Nokia 1Q 2007: The Earnings report is out

By: , IntoMobile
Friday, April 20th, 2007 at 2:21 PM

Full press release with link to earnings report: Nokia Press

Here are some interesting facts:

  • 91.1 million mobile phones sold with an average selling price of 89 Euros
  • 8 million N series devices and 1 million E series devices shipped during this quarter
  • Operating profits decreased 7%
  • 4.8 million devices shipped to North America, 1.1 million less than last quarter :-(
  • Nokia North America eliminated 19% of its work force in Q1 2007 compared to Q1 2006
  • Nokia Middle East and Africa now have 133% more employees in Q1 2007 compared to Q1 2006
  • Nokia Asia has 51% more employees in Q1 2007 compared to Q1 2006

We can obviously see where the growth is taking place and how Nokia is beginning to scale down their efforts in America.

I also wanted to mention this little factoid that Biskero found: Sony Ericsson shipped 21.8 mobile phones this quarter with an average selling price of 134 Euros. That is almost twice the amount of phones compared to 1Q 2006.

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About The Author

Stefan Constantinescu

Stefan Constantinescu (@WhatTheBit on Twitter) has loved technology since as far back as he can remember. It started with computers, but in the past few years his passion has turned to mobile devices. As a mobile phone enthusiast who lives and breathes devices that connect to the internet, he knows he is not alone with this radical fascination of all things wireless. He is strongly opinionated and enjoys a good debate so leave comments in his posts and he’ll get back to you! Stefan began blogging as a hobby in the fall of 2006 and joined IntoMobile in the summer of 2007. Later he got a job at Nokia in March 2008, but as of June 2009 he has rejoined the IntoMobile team. He is currently based out of Helsinki, Finland.

  • Viipottaja

    Actually, they are increasing their efforts in America to try to regain some of the lost market share. I think OPK said he is going to spend a week a month in the US because of that (to make the point, not he can actually afford to spend that much time here).