Nokia has released its Q2 2011 results, reporting an operating loss of -€487 million, with net sales of €9.275 billion (down 7% YoY). Nokia's Devices and Services division's losses were -€247 million. Margins in devices and services were -4.5% (down 14% YoY and down 14.2% QoQ). However, non-IFRS operating profit was €391 million (down 41% YoY and down 44% QoQ), with Devices and Services non-IFRS profit at €369 million, and margins at 6.7%. Total smartphone device sales were 16.7 million, compared with 24 million units in Q2 2010 (down 34% YoY) and 25.2 million units in Q1 2011 (down 31%, QoQ).
Yesterday Microsoft offered the media a preview of Mango, the next release of the Windows Phone platform. The release will deliver more than 500 new features, with an emphasis on communication, apps and the Internet. Mango will also see wider language support, the addition of 1500 APIs for developers and significant performance improvements. Mango is scheduled to arrive in the autumn and will be the version that Nokia uses on its first Windows Phone devices, scheduled to appear in 2012 in quantity.
