Nokia calling in India, But Apples are Ringing

For the quarter ending June 30, 2010:

APPLE NOKIA

Revenues $ 5 Billion $ 8.7 Billion

Number of Devices 8.4 Million 111.1 Million

ASP $595 $78

The iPhone: unit sales 8.4 million, 61% unit growth over the year-ago quarter. Over 1.7 million iPhone 4 sales in the initial five countries where it was launched. According to IDC, the overall smartphone market grew 38% in the June quarter, almost half of the Apple’s 61% growth. The value of iPhones sold during the quarter was $5 billion, resulting in an average selling price (ASP) of about $595.

Nokia total mobile device volumes of 111.1 million units, up 8% year-on-year. Nokia mobile device ASP (including services revenue) of EUR 61 (about $78) , down from EUR 62 in Q1 2010. Devices Revenue of EUR 6.8 Billion or $ 8.7 Billion. Operating Profit of EUR 643 Million, or $ 823 million.Nokia Corp. Q2 2010 Earnings Call Transcript -- Seeking Alpha: "In India, we benefited from solid sales of the Nokia 2690, our lowest priced device with removable memory card and this helped us to end Q2 with higher market share in India than at the start of the quarter.

In Q3, we expect to start shipping the Nokia C1 dual sim phone. This is expected to further improve our portfolio in developing markets, especially in India, where dual sim is particularly popular."