the firm announced a profit of $291m for 3 monts. Since Apple and Google enterd the market, Nokia had to strugglr to compete with them, and Nokia expected its profit and sales figures to fail.
'Mixed Bag'
the result saw the company's price swing in 10% range. It was trading up 3.6 % as of midday BST. " Second quarter numbers were largly in line with expectations", said the analysts
Under Pressure
The pressure increased on Olli-Pekka Kallasvuo, Nokia employee, by the poor results. The mobile manufacture has already undergone a recent management restructuring. The company declined to say any comment on Kallasvuo's future
Shrinking Margins
Helped by an 8% rise in the volume of the mobile sales, the company reported a 1% increase in the overall revenue. Margins at the important "devices and services" unit were squeezed to 9.5% from 12.2% a year ago. This resulted in a 19% fall inthe division's underlying operating profits.
http://www.bbc.co.uk/news/business-10725887
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