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Nokia with good quarterly financial report with the support of Apple

The payment of licenses by rival Apple brought the global market leader Nokia mobile phones surprisingly high profit for the quarter. In the second quarter Finnish corporation has recognized a profit of 391 million EUR. But the profit comes with the support of Apple. After nearly two-year patent dispute in June the two companies signed a court agreement that require Americans to pay a fine of solid European rival. Furthermore, both manufacturer and signed license agreement, which requires Apple to pay regular fees of the Finns. The results are much better than analysts' expectations that they expected to vary widely - from loss of EUR 35 million to a modest profit in 285 million. Fallen into crisis Finnish manufacturer has reported a loss it is in business due to falling mobile phone sales - there is a net loss of EUR 368 million. Sales revenue fell by 7% to 9.3 billion EUR. According to CEO Stephen Elap "challenges in the strategic transformation proved bigger than expected."
Particularly lucrative market for Nokia smartphones go about giving up leadership of Apple - the Finns have sold 16.7 million units, and Apple - more than 20 million total, with 88.5 million units for the second quarter, Nokia has managed to sell a significant fewer gadgets than the previous year (111.1 million). The average value of units sold was 62 euros. In its financial analysis of Finns speak of "strong price war."
Generally the company Nokia Siemens Networks (NSN) announced a net profit of 40 million EUR and thus denied the expectations of investors who predicted a profit of $ 68 million. Between April and June NSN's sales of 3.6 billion EUR (with forecasts for 3.4 billion EUR). For the third quarter the company is more cautious and now targets sales of 3.2 billion instead of the previously announced 3.5 billion EUR.