Nokia Q2 results are out: Enterprise turns a profit, market share increases and over 100 million units shipped!

Nokia (NYSE: NOK) Q2 results are out and the conference call is set to begin in less than 90 minutes, but here is what we know so far:

• 100.8 million units shipped, almost 30% more than this time last year
  • Europe: 27.1 million, 13.4% increase compared to last quarter and 28.4% compared to Q2 2006
  • Middle East and Africa: 17.1 million, 8.9% increase compared to last quarter and 36.8% compared to Q2 2006
  • China: 15.9 million, 1.3% growth compared to last quarter and 35.8% compared to Q2 2006
  • Asia-Pacific: 25.6 million, 8% increase compared to last quarter and 36.2% compared to Q2 2006
  • North America: 4.1 million, 14.6% decrease compared to last quarter and 21.2% decrease compared to Q2 2006
  • Latin America: 11 million, 50.7% increased compared to last quarter and 20.9% increase compared to Q2 2006
• Market share reached 38% versus 36% last quarter and 34% Q2 2006
• ASP (average selling price per handset) increased by 1 euro compared to last quarter, it is up to 90 Euros now; down from 102 Euros in Q2 2006
• Enterprise Division (the awesome people behind the E Series devices I love to lust after) finally turned a profit and they’re operating at a margin of 18%
• 13.9 million converged devices (E and N Series) shipped, almost 5 million more than Q2 last year; around 1.5 million of those were Nokia N95’s and over 1 million were Nokia E65’s

[Source: Nokia Q2 2007 Report (PDF File)]

Update: Just a bit of trivia, Nokia sold over 10 N95’s per minute in 2Q 2007.

The following updates below are from the conference call, which I’m listening to right now and you can listen to for yourself at this link once it is over.

• 5 million Nokia 6300’s were sold in this quarter!
• 50% of devices sold this quarter cost 50 Euros or less. If we assume that half the devices sold cost 50 Euros than to maintain that 90 Euro ASP the other half of those 100.8 million units had an average selling price of 130 Euros
• Nokia thinks that 4 billion mobile subscribers will happen in 2010
• Nokia is the 5th most popular brand in the world (they were number 6 last year)
• 3Q and 2Q product portfolio will be largely the same; this doesn’t mean no new products will be announced in 3Q, it just indicates that they will not be available in mass until 4Q most likely
• OPK: “This is a very competitive industry, just because Motorola (NYSE: MOT) is down it doesn’t mean they are out. They are a very active player in the market place.” (paraphrased)