Nokia announces Q1 2011 net sales of EUR 10.4 billion

Nokia announces Q1 2011 net sales of EUR 10.4 billion

Nokia reports its first quarter 2011 net sales of EUR 10.4 billion, which showed a 9% increase compared with EUR 9.5 billion in first quarter of 2010.

Devices & Services
Devices & Services recorded net sales of EUR 7.1 billion, up by 6% year-on-year resulting primarily from higher average selling price (ASPs).

Services net sales contributed to the total Devices & Services net sales with EUR 211 million in the first quarter 2011 compared with EUR 148 million in the first quarter 2010 and EUR 201 million in the fourth quarter 2010.

NAVTEQ
NAVTEQ reported net sales of EUR 232 million. The 23 % increase year-on-year is primarily driven by improved sales of map licenses to mobile device customers as well as improved vehicle sales and higher navigation uptake rates in the automotive industry offset to some extent by lower personal navigation devices (PNDs) sales.

Nokia Siemens Networks
Net Sales of Siemens Networks increased by 17% to EUR 3.2 billion, year-on-year reflected by the growth in both the product and services businesses in most regions. Nokia Siemens Networks also reported gross profit increased by 8% to EUR 847 million compared with EUR 782 million in the first quarter 2010.

Operating Highlights
The first quarter of 2011 includes many significant operations and milestones for the company. Nokia announced a new strategy, including changes to its leadership and operational structure designed to accelerate the speed of execution in an intensely competitive mobile products market.

Stephen Elop, Nokia CEO said, "In the first quarter of 2011, we shifted from defining our strategy to executing our strategy. On this front, I am pleased to report that we signed our definitive agreement with Microsoft and already our product design and engineering work is well under way. We are fully focused on delivering the needed accountability, speed and results to positively drive our future financial performance."

The main elements of the new strategy were: the broad strategic partnership with Microsoft to build a new global ecosystem for smartphones; bringing affordable mobile products that enable efficient web browsing and access to other apps and innovations; and making MeeGo an open-source mobile operating system project.

The Nokia Leadership Team replaced the Group Executive Board. And the new operational structure features two distinct business units in Devices & Services business: Smart Devices and Mobile Phones, focusing on Nokia's key business areas: smartphones and mass-market mobile phones.

Nokia also announced several new mobile phones: Nokia X1-00, an affordable Series 30-based, music-centric mobile phone and the Nokia E6 and Nokia X7, two new smartphones aimed at business people and entertainment enthusiasts respectively. They are the first Nokia smartphones shipping with Symbian Anna, the latest version of the Symbian software featuring new icons and usability enhancements. Shipments of the Nokia E7, a business smartphone featuring the Nokia ClearBlack technology also started.

Nokia continued to develop its Ovi services. During the first quarter 2011, downloads of applications and content on Ovi Store reached up to 5 million a day. Increased demand for apps from the approximate 200-million-strong Symbian consumer base has seen the Ovi Store catalog grow to more than 40,000 apps, with about 1,000 added per week.

Nokia Outlook
Following a solid first quarter, Nokia expects Devices & Services net sales to be between EUR 6.1 billion and EUR 6.6 billion, and its non-IFRS operating margin in Devices & Services to be between 6% and 9% in the second quarter 2011. Nokia Siemens Networks’ net sales target is between EUR 3.2 billion and EUR 3.5 billion.

About Nokia
At Nokia, we are committed to connecting people. We combine advanced technology with personalized services that enable people to stay close to what matters to them. Every day, more than 1.3 billion people connect to one another with a Nokia device – from mobile phones to advanced smartphones and high-performance mobile computers. Today, Nokia is integrating its devices with innovative services through Ovi (www.ovi.com), including music, maps, apps, email and more. Nokia's NAVTEQ is a leader in comprehensive digital mapping and navigation services, while Nokia Siemens Networks provides equipment, services and solutions for communications networks globally.

Media Enquiries:
Nokia
Nikka Abes
Corporate Communications Manager
Tel. + 63917 8590783
Email: nikka.abes@nokia.com
www.nokia.com.ph

Fuentes Manila
Tina Cabanayan
Tel. 893-9355 / 892-6184 / + 63917 7934362
Email: tinacabanayan@fuentesmanila.com

All-in-one business smartphone, the Nokia E7, now available

All-in-one business smartphone, the Nokia E7, now available

The highly anticipated Nokia business smartphone, Nokia E7, will be available in the Philippines beginning March 31!

With its tilting 4 inch ClearBlack display, full keyboard and fast access to a wide variety of apps directly on the homescreen, the Nokia E7 is the key to having a successful day in or out of the office. Importantly, the device supports business applications from leading enterprise technology partners including Microsoft and IBM.

“People are continuing to look for solutions that suit both their work and personal life; in business circles this is known as the ‘consumerization’ of IT. The Nokia E7 gives people the confidence to bring their own smartphones to the workplace to connect securely to corporate messaging servers,” said Benoit Nalin, General Manager of Nokia Philippines. “On the other hand, whether you are an artist, entrepreneur, university student or aspiring world traveller, the Nokia E7 is the only smartphone you will need to get the world’s best mobile navigation and mapping application, thousands of apps, and a rich messaging experience.”

For business users, Nokia E7 provides direct, secure and real-time access to email, calendar, contacts, tasks and the corporate directory through Microsoft Exchange servers, as well as Office Communicator Mobile, developed by Microsoft for Nokia smartphones, which brings presence and corporate instant messaging.

Additionally, the Nokia E7 is the perfect off-duty companion with its built-in entertainment and social services, and a wealth of apps such as Bloomberg, Angry Birds and Sports Tracker available at the Ovi Store.

The new arrival also features drive or walk navigation included in the latest commercial version of Ovi Maps, available immediately via Ovi Store or Ovi Suite. It adds visibility to trains, parking and gas stations, safety alerts, speed limit warnings, and improved search and location sharing capabilities.

Here are more reasons why the Nokia E7 is the all-in-one business smartphone:
• Easy access to private and business email
• Create, edit and share office documents and view PDF files with Adobe Reader
• Fast, secure intranet access with the built-in VPN
• High-resolution photos and HD video with the 8 megapixel camera and dual LED flash
• HDMI connectivity to project files, videos and images onto large screens
• 16 gigabytes of on-board flash memory
• USB-On-The-Go, enabling easy file sharing by connecting a USB stick to the smartphone
The Nokia E7 will be available in Dark Grey and Silver White at Nokia Stores nationwide. It has an SRP of P32,000.

About Nokia
At Nokia, we are committed to connecting people. We combine advanced technology with personalized services that enable people to stay close to what matters to them. Every day, more than 1.3 billion people connect to one another with a Nokia device – from mobile phones to advanced smartphones and high-performance mobile computers. Today, Nokia is integrating its devices with innovative services through Ovi (www.ovi.com), including music, maps, apps, email and more. Nokia's NAVTEQ is a leader in comprehensive digital mapping and navigation services, while Nokia Siemens Networks provides equipment, services and solutions for communications networks globally.