Nokia reports Q3 earnings, €10.3 billion in sales

This morning, mobile giant Nokia announced earnings results for their Q3 of 2010 to mixed reviews. While the company did beat analysts Q3 estimates — with €529 million in net income and 110.4 million devices sold — the Finnish company did note that it would cut more than 1,800 jobs in an attempt to “streamline operations.” Other notable facts from Nokia’s Q3 sheet: the handset maker sold just 3.2 million devices in North America, the average selling price of all 110.4 million handsets was €65, and 11.6 million devices were sold in Latin America (a 20% increase year-over-year).

In a separate statement, the company also announced that it would no longer “refer to Symbian^3 or Symbian^4,” rather all “future improvements in Symbian will be developed in Qt and will be compatible with the existing Symbian^3 platform release.” The new, ubiquitous Symbian model will focus on Qt as the development framework and include support for HTML5. The company wrote, “The decision to focus on Qt as the sole application development framework will ensure that applications will continue to be compatible with future evolutions of Symbian as well as upcoming MeeGo products.” Hit the jump for links to both press releases.

Read [Q3 2010] Read [Symbian]

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