Nokia Q3 2007 Conference Call: 85% increase in profit from a year ago plus other good news

Just got finished listening to the Q32007 Nokia Conference Call, some interesting bits of information here:

The Nokia 6300 is the number one revenue generator for Nokia and the device has sold 6 million units this quarter.

Over 9 million Nseries devices have been sold, the majority of them being the N95, N73 and N70.

Almost 2 million Eseries devices have been sold.

16 million smartphones shipped or you can look at is as 14% of the devices Nokia shipped in Q3 were smartphones.

N95 shipments increased 10% compared to last quarter, that indicates that there are over 2 million N95’s floating around out there.

The E65 is the hottest selling device from Enterprise Solutions and the microphone issue that has plagued the E90 has now been resolved.

OPK is very happy the 5310 has begun shipping last week and he thinks it has some serious potential to be Nokia’s next hottest thing.

Nokia admitted that Apple and RIM and very very serious competitors, to the point that OPK admitted he was paranoid about them. This paranoia caused an increase into research on how to make products that match or exceed the current solutions out on the market right now.

When asked about Ovi hurting operator relations, OPK pointed to the recently signed deal with Telefonica and how we will start seeing more of those kind of announcements taking place.

Profit is up 85% from this time last year.

Mobile Phones has only a 3% increase in sales, Multimedia (Nseries) had a 23% increase and Enterprise Solutions (Eseries) had a 105% increase.

Marketshare went up a point, 39% now compared to 38% last quarter.

111.7 million mobile phones shipped (over 14 phones per second)

Average selling price per handset dropped to 82 Euros compared to 90 Euros from last quarter.

5.4 million devices shipped to America versus 4.1 million last quarter, 39% growth. On the flip side, Latin American volumes fell almost 13%.

There has been a 385% increase in Nokia employees in the Middle East and Africa areas compared to this time last year and a 4% drop of employees in North America. Chinese employees grew by 80%, Asia-Pacific by 84% and Latin America by 135%. Europe grew by 54% and remains Nokia’s largest area of personnel with over 60,000 people.

Numbers look absolutely fantastic and I worry because of that. Companies like Nokia don’t like to change how they operate when they don’t see a reason to. They post the best numbers in the entire mobile telecommunications industry and that might lead to arrogance. Arrogance leads to complacence which in turn turns business strategies into reactive versus proactive methods of trying to rebound.

Nokia is definitely hitting its stride and from the many employees I’ve had the pleasure of meeting the impression is that the only way they can go is up. I certainly hope that is the case, because if their 2008 lineup is anything like the N81 I’m currently testing then they will have a poor year.