Nokia announced a new hardware partnership with Monster on the stage of Nokia World today. Known for high-performance audio (in the same way that Carl Zeiss are known for high performance lenses), the relationship promises to be both long-term and exclusive with Nokia. The first collaborative product is the Purity range of HD stereo headsets.
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Nokia World 2011 starts today and the team is on the ground to bring you live coverage from Nokia's premier event. Over the next two days we'll be bringing you the key news, views and information. This news story contains our live coverage, where you can see the latest images and text updates; you can also interact with the team, asking questions and adding your own thoughts. Alternatively you can keep up to date by following our @aas or @aa_wp accounts on Twitter, where we will be posting text updates and images.
Nokia has released its Q3 2011 results, reporting an operating loss of -€71 million, with net sales of €8.980 billion (down 13% YoY). Nokia's Devices and Services division's profits were €132 million. Margins in devices and services were 2.4% (down from 11.3 % in Q3 2010 and up from -4.2% in Q2 2011). Total smartphone device sales were 16.8 million, compared with 27.2 million units in Q3 2010 (down 34% YoY) and 16.7 million units in Q2 2011 (up 1%, QoQ). The results were ahead of expectations and suggest the company has started on the road to recovery.
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).