Technofriends

Nokia, the Finland based mobile phone manufacturer has released its second quarter results today and the news aint any good.

Nokia did a net profit of €380 million on sales of €13.15 billion – that compares badly with a net profit in the same period last year of €1.10 billion on sales of €13.15 billion.

Shipments were down 15 per cent compared to 2008, though they still topped 103 million handsets. But the average price dropped to €62 as the company was forced to cut prices, not to mention selling as lot of cheaper handsets.

Interestingly, Nokia no longer views itself as a phone manufacturer alone,  CEO Olli-Pekka Kallasvuo said: “Consumers will increasingly expect devices and services designed as integrated solutions. To capture this opportunity we are accelerating our strategic transformation into a solutions company.”

No doubt, Nokia is trying hard to be in services with the Ovi store.

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