Nokia telecoms division profits down
Operating profit at Nokia's telecoms solutions and networks - its
main business once its phones division is sold - fell 33% in the third
quarter to 218m euros ($300m; £186.6m).
The Finnish firm forecasts the business's profit margin will rise
sharply next quarter to 12% from 8.4%.
Sales of its Lumia smartphones rose 19% to almost nine million units.
They will be sold with the rest of the phones division to Microsoft
early next year. The US tech giant is paying 5.4 billion euros in the
deal.
Sales of Nokia's basic mobile phones rose 4% to 55.8 million units.
Core operating profit at Nokia's telecoms solution and networks
business was down from 324 million euros in the corresponding period
last year. Once the mobile business changes hands, Nokia will continue
to license its patents and mapping services to Microsoft. About 32,000
Nokia employees will transfer to Microsoft. Nokia has fallen behind
rivals Samsung and Apple, while critics say Microsoft has been slow into
the mobile market.
BBC
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