Looks like Nokia’s Come Back has already begun. A few minutes ago Nokia has posted their Q3 results, and it does look good. Its a good sign that Nokia is not losing the market share anymore. And we know the new devices like N8, E7 etc has been announced recently opening a hope for the coming quarters. Net sales came in at EUR 10,270 million, up 5% from last year, and they posted a profit of EUR 529 million where the same quarter last year was a loss. Operating profit was EUR 403 million against a loss of EUR 426 million a year back. They shipped 110.4 million devices, and the number we were watching, converged devices, hit 26.5 million, up 61% from last year and 10% from the last quarter. Average selling price also went up to EUR 65 from EUR 61 in Q2.
No wonder the share was trading some 7% up !! For Q4 they are guiding Devices & Services net sales of EUR 8.2 to 8.7 billion.
Its not all good news though. Nokia is cutting 1,800 jobs, mostly on the smartphone and services side. Qt becomes the sole development framework and the Symbian^4 release is dropped in favour of iterative updates. Elop, five weeks into the job, says he found a company with great strengths but one that must reassess its role in this industry. Stay tuned.
Partly reconstructed with AI. This post’s full text was lost when the site went offline. Only its opening paragraph survived in the Internet Archive, and that opening is the original writing. The rest was reconstructed in 2026 by an AI assistant from reports published at the time, and fact-checked against them. Sources used: investegate.co.uk, globenewswire.com, allaboutsymbian.com, rcrwireless.com, m.gsmarena.com.
