Nokia has reported results for April through to June that were roughly in line with forecasts, driven by robust demand for cheaper phones in emerging markets.
Its quarterly profit did drop by 61%, partly due to the costs of closing its factory at Bochum in Germany, but the world’s biggest maker of mobile phones sold 122 million handsets in the period
It also expressed optimism for the rest of 2008, and slightly raised its forecast for the industry, predicting volume will grow 10% or more this year.
Four out of every ten mobile phones sold in the world are now made by Nokia. Its nearest rivals are South Korea’s Samsung and Motorola of the US each with 14% of the market. Japanese-Swedish joint venture Sony Ericsson had 9%and LG of South Korea had 7%.
Sales of Nokia phones were flat in Europe and up by 10% in North America. The greatest sales growth was in Asia, Latin America, the Middle East and Africa.
The Finnish company said it would introduce a number of mass market touch-screen phones this year to take on Apple’s iPhone and similar offerings from Samsung.